Lovefun, a manufacturer of household chemicals, said last week that it would invest 419 million yuan to build a production base in Shantou, Guangdong province. The firm said the annual sales revenue and net profit from the new base, when operational, would be 833 million yuan and 82.6 million yuan. … [Read more...] about Domestic investments set to sustain growth
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By Harshad ChetanwalaIt is said that whenever the stock market starts plummeting the way it has from 17 Jan 2020, it brings an opportunity for those who have cash (investible surplus) with them to invest in a falling market. Is it true? The IMF chief has said that the world is in a worse recession than the one in 2008 which was precipitated by the Lehman crisis and the containment of Covid-19 virus will define the strength of recovery. Since most of the countries across the world are close to a complete lockdown in operations or are already locked down, the impact of the current crisis could be far more than the impact of 2008 Financial Crisis. Another thing that we must keep in mind is that the 2008 financial crisis was a “man made” crisis, the current global crisis is because of a virus which is highly contagious, and the vaccine for it will be ready only next year. Having said that there is no denial that economies across the world are on their way to one of the biggest … [Read more...] about Can you always make money by investing in a falling market?
China's key Shanghai Composite Index held its poise through the market jitters but has still fallen 9.38 percent since the beginning of the year, closing at 2,763.99 on Friday. The ChiNext index, tracking Shenzhen's innovative startup-heavy board, has shed 16.86 percent since its high in late February. … [Read more...] about Equity market shows signs of recovery
Some investors sold government bonds, underscoring a willingness to accept increased risk for greater return in stocks. The yield on the 10-year Treasury note edged up to 0.758 percent after Tuesday's opening from 0.675 percent Monday. Yields rise as bond prices decline. … [Read more...] about US stocks soar for second day
Do you think the worst is behind us? The worst may not be behind the economy, but is it behind the markets?At this point of time, it is really difficult to predict or rule out more volatility in the market, simply because the economy is going to take time to normalise even after the lifting of the lockdown. So at this point, it is better to look for companies that have lower fixed cost structures, lower leverage and balance sheet strength. Across industries we will have to look for these opportunities. There is a likelihood that the leading companies in each sector will consolidate their market position later on, as the ill-effects of economic slowdown and the lockdown are going to be more pronounced on some of the smaller players. Then what is your message to your unit holders, because if you feel volatility is here to stay, the economy is going to be in trouble, why should one not redeem their units or why should one not buy at lower levels?Redeeming is an easy choice. There is … [Read more...] about Stay with leaders in each sector: Harsha Upadhyaya