DBS Vickers tips remaining invested in stocks which may benefit from a recovery in China’s economy.
“The Chinese economy has probably bottomed in 3Q12,” it says, with the house forecasting growth to return to 9%. “China’s acceleration in fixed asset investment will certainly be able to help lift global growth, and urbanisation is the new strategy to spearhead investment.”
The house expects Singapore’s growth to remain below potential on structural weakness. DBSV’s China picks remain CapitaMalls Asia (JS8.SG), Midas (5EN.SG), Wilmar (F34.SG), HPH Trust (NS8U.SG) and Sound Global (E6E.SG), as well as adding Perennial China Retail Trust (N9LU.SG) to its list.
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