CHAIRMAN of Value Partners Group Ltd Datuk Cheah Cheng Hye saw the 20% correction in Chinese stocks coming.
That’s before the Shanghai Stock Exchange Composite Index (SSE) peaked in mid-June, after surging 150% in a year.
At a time when experts from the West are trimming China’s economic growth forecast to below 7%, Cheah holds on to his bullish views on China’s growth in the long term.
Morgan Stanley cut its estimates for mid-2016 for the SSE after the index fell some 13%. The new target is 3,250 to 4,600 compared with the previous year end target of 4,000 to 4,800.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
That’s before the Shanghai Stock Exchange Composite Index (SSE) peaked in mid-June, after surging 150% in a year.
At a time when experts from the West are trimming China’s economic growth forecast to below 7%, Cheah holds on to his bullish views on China’s growth in the long term.
Morgan Stanley cut its estimates for mid-2016 for the SSE after the index fell some 13%. The new target is 3,250 to 4,600 compared with the previous year end target of 4,000 to 4,800.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment