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Such as metals and mining industry operating environment is gradually improving
JP Morgan Chase announced its China Research Confidence Index (JSI) November. The data show that the improvement in the domestic industry, including natural gas, consumption. Judging from the trend, the volume of output and order is the the JSI index slowed down the main driving factors in November. The same time, inventory and EPS estimates emotional performance continues to be good.
November numerical most significant change is real estate, telecommunications, oil and gas industry emotional weakness in these sectors is the MSCI China Index constituent stocks of the weight of the larger plate. Index higher than 50 industries, including cement, science and technology (hardware), metals and mining, banking, healthcare, consumer, construction, small-cap stocks (in descending order); index equal to 50 industries, including water supply, toll roads, shipbuilding, independent power generation companies, insurance, gas, gaming and cars.
JP Morgan chief China economist for Greater China economic research director Zhu Haibin commented JSI index, industrial activity appears to be gradually recovering, due to the easing and the real estate market to stabilize. The recent external demand also improved. Nov. JSI value was significantly lower than in October, but still higher than the value in September and August. This may indicate that in the field of micro-economic enterprises operating environment improved in recent months, driven by macro data, but the pace may be a little slow.
JP Morgan Asia Pacific Equity research director Sunil Garg said on the profit forecast optimism is steadily rising, it is because consumer demand is stabilizing mood and improve. He suggested that the forecast based on the profitability of enterprises to invest in China's stock market.