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Bet on Macau casinos, where too much is never enough, stock analysts say

Betting on glitzy Macau’s casino stocks is a good long-term gamble, many analysts say – not because of high-rolling big whales but because of the casinos’ new determination to lure wave upon wave of mom-and-pop minnows.“It’s an attractive long-term story for me,” says Kenny Wen, wealth management strategist at Everbright Sun Hung Kai. “More and more people will come there. The revenue not only comes from gambling. The father will go to the casino, and the children and wife can spend their money… Source link

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Global 

Singapore’s economy shrinks as US-China row hits global trade … and it’s set to get worse, analysts say

Singapore’s economy unexpectedly contracted in the second quarter as exports continued to plunge amid a worsening global economy.Gross domestic product in the trade-reliant city state declined an annualised 3.4 per cent in the quarter compared with the first three months of the year. That compared with growth of 3.8 per cent in the first quarter and 0.5 per cent expansion forecast in a Bloomberg survey of economists.Singapore’s heavy reliance on trade and its complicated integration in regional… Source link

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Are investors placing too much hope in the Fed? As US-China trade war lingers, analysts see fewer rate cuts than markets

As uncertainties over the US-China trade war continue to weigh on sentiment, investors are increasingly looking to the US Federal Reserve to cut rates and provide a boost to what has been an extended economic cycle.Investment strategists and economists, however, said financial markets may be a bit too optimistic about where the central bank is headed – and that could be bad for emerging markets.The financial markets are expecting as many as three interest rate cuts – or about 75 basis points –… Source link

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Money 

Political unrest, trade war highlight bay area’s importance to Hong Kong’s, analysts say

The recent political turmoil to engulf Hong Kong serves to underscore the importance of the city’s future role in the Greater Bay Area and the opportunities it stands to gain from the planned economic hub, according to business leaders and analysts.Hong Kong is widely seen as perfectly poised to take the lead in the development of Beijing’s scheme, its liberal economy, international standards and role as a gateway between China and the wider world making it the ideal blueprint from which the… Source link

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When China’s father of EVs starts talking up hydrogen vehicles, analysts say investors should pay attention

The “father of China’s electric vehicle movement” and bigwig in political circles is gushing of late about the promise of another renewable – hydrogen-powered vehicles. As players get on board, analysts say it is a good time for investors to start thinking about this emerging sector.The science behind the technology is easy to grasp: hydrogen gas stored in a vehicle is converted by fuel cells into electricity. The vehicle is powered with essentially no emissions, and it can travel far longer… Source link

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China 

US-China trade truce increases pressure at home for both Trump, Xi to cut a deal, analysts say

For decades, Jasco Products Company has outsourced production of its doorbells, lights and surge protectors to China without a second thought. But, a trade war with the United States that has been raging for the last year has put the Oklahoma-based company and thousands of other firms like it – both American and Chinese – at risk.The tit-for-tat battle between the world’s two largest economies is already weighing on business confidence, analysts have warned, and has the potential to tip the… Source link

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China’s trade war manufacturing exodus could be hastened by EU-Vietnam trade deal, analysts say

Vietnam’s booming economy will see another surge of new investment after signing a free-trade agreement with the European Union that could hasten the exodus of manufacturers from China, analysts said.Now, Chinese firms looking to gain lower-tariff access to the European Union (EU) market are likely to be incentivised to open production in Vietnam, on top of the widespread supply chain shift that is already in motion due to firms seeking to avoid trade war tariffs on exports to the United States… Source link

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Global 

US economic outlook and Fed interest rate cut rest on Donald Trump’s meeting with Xi Jinping, analysts say

The outcome of next week’s meeting between Chinese President Xi Jinping and American counterpart Donald Trump at the G20 summit in Japan will play a major determining factor in the outlook for the economy in the United States and the prospects that the US Federal Reserve will cut interest rates in the next three to six months, analysts said.While the meeting is not expected to deliver a trade deal, Trump and Xi may break the current stalemate by agreeing to a tariff ceasefire as they did at… Source link

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First tech company gets green light to price its IPO before trading debut of Shanghai’s new STAR Market, as analysts predict buying frenzy

The Shanghai Stock Exchange has given the green light for the first company to start book building ahead of its listing on the eagerly-awaited technology innovation board.It is likely to trigger a buying frenzy among investors keen to back promising young firms due to list on the new STAR Market, analysts said.Suzhou HYC Technology, a manufacturer of display and touch testing equipment, said on Wednesday morning that it would begin price consultation with institutions for its initial public… Source link

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China 

US-China trade war weighed on Beijing’s decision not to pursue WTO market economy status, analysts say Why is China throwing in the towel over market economy status at the WTO?

The ongoing trade war with the United States was an important factor in China’s decision to halt a case against the refusal of the European Union to grant Beijing “market economy” status at the World Trade Organisation, analysts say.The pursuit of market economy status has been a long-term strategic goal for China, since it would enable it to avoid the anti-dumping cases it often faces because of its model of selling cheap goods to developed markets. It would also be a symbolic recognition of… Source link

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