Offline
Optimistic on the Chinese market: Tyche Group
Published on Tue, May 13, 2008 at 08:37 , Updated at Wed, May 14, 2008 at 09:16
Source : CNBC-TV18
| ads by google |
 There was a devastating earthquake yesterday in Excerpts from CNBC-TV18's exclusive interview with Martin Hennecke: Q: With regards to A: Yes, we think so. We still like China and last time when China had a major snow storm due to which some areas in China were completely frozen, all the power lines, buildings and traffic were affected very badly the Chinese Government handled that situation very well. They had the military helping out and now this time also the Government has again sent for the military to resolve this situation. We are generally very positive and optimistic about the Chinese market; especially Hong Kong related China stocks in our view are attractive with the Renminbi valued so low. We would not recommend investors to panic or move out but just to remain in that market for those who are and for those who are not to move into. We expect that this earthquake situation will be resolved.
Q: But how do you take into consideration the A: We had this inflation numbers out over the holidays and it is at 11-year high. We had 8.5% in April for the consumer’s prices and that indeed is something to watch because people who like to gain exposure to the Renminbi as that is the currency that is the most undervalued and has the most appreciating potential. Now the problem for the investors is that the inflation is much higher than the interest one gets on bank deposits. So this inflation is why we recommend for Q: A quick word on the rest of the Asian pack, which seems to be doing quite okay this morning? A: Yes, generally our view remains that the big financial crisis that is getting worse in the US, is the US and the European financial crisis and the Asian consumer markets are still under estimated by global investors and we like the Asian markets, although we always say hedge your position with gold as a financial crisis protection. |
Messages on Market Outlook - Short Term
Other comments
SENSEX to rally by 2400 pts in 7 days
Hi Lalitdeshpandey, When talented people get angry The intellectual content of the message gets lost Only the n...
in Market Outlook - Short Term - gv at 11-Oct-08 02:33
Experts differ on mkts stabilising
I am absolutely agree with both the analysts Mr kela and Mr Akash, it is like a sunami which had hit the world, eve...
in Market Outlook - Short Term - mahipal888 at 11-Oct-08 02:30
Rate this article
Latest Market Commentary
10-10 Worst weekly performance for Sensex, Nifty ever
08-10 Mkts recover sharply from day's low; Nifty ends above 3500
Udayan's Comments
10-10 Investors should stay in cash, not sell in panic
10-10 Worse slowdown yet to hit markets
F&O Markets
08-10 IVRCL Infra adds 6.5 lakh shares in OI
08-10 ICICI Bank adds 3.57 lakh shares in OI
Market Interview Transcripts
10-10 Experts differ on mkts stabilising
10-10 Bounceback in European mkts encouraging: Baccardax
CNBC TV18 Research Reports
10-10 Cadbury India to triple investments in contract farming
10-10 Tyson Foods to double sales; may partner fast food chains
Brokerage Reports
10-10 Buy Bharti Airtel, target of Rs 1154: HDFC Sec
Chat
Ambareesh Baliga
, Karvy Stock Broking
(13 Oct- 16:00hrs)
What's the outlook for the market?