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SYED ALI

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2021-11-23

Tup

@boonchong:$GENTING SINGAPORE LIMITED(G13.SI)$lost cause for the gaming industry. Genting is switching towards theme park and hotels for revenue generation

2021-11-23

Yup

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By contrast, there is growing belief among investors that Chinese stocks could bounce back as the worst is probably over for Beijing’s regulatory scrutiny of private enterprises.\nBlackRock has rejigged its Asia-focused portfolios to have more neutral positions on China, up from underweight, and narrowed its underweight call on internet services companies.\n“The time to position in the China market is right now,” Lucy Liu, a portfolio manager for global emerging markets equities, said at the same briefing. Economic growth may surprise to the upside, with signs of “bottoming out” for the internet and property sectors, she said.\nDiscretionary spending probably won’t soon return to pre-Covid levels and upstream prices will moderate, keeping a lid on inflation, Liu said. Helped by an accommodative monetary policy, the environment is “more favorable” for growth stocks in China, according to BlackRock, which is investing around four themes in China -- sustainability, self-reliance, social equality and data security.\nStill, the New York-based asset manager is positive on India in the long term due to structural reforms, economic growth and a strong pipeline of share offerings. There should be a “continued surge of listings of IPOs,” with opportunities in India’s technology and new-economy sectors in particular, Boa said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}