Chart of the Day
Asian Companies Have Less Debt than the World, USA Companies are Highly Leveraged
Chart of the Day: World level of net debt-to-equity is 56%, USA relatively high at 75%. Asia has lower risk at 42%. Philippines highest gearing in Asia at 113%, Taiwan lowest in Asia at 25%.
Read MoreThailand Return on Assets Strongest in Health Care Sector
Chart of the Day: Thailand’s 2016 return on assets a strong 5.2%. The best 2016 return on assets was in the Health Care sector, worst was Industrials sector.
Read MoreGlobal Return on Assets of 4% and Asia at 3%
Chart of the Day: Return on assets tells how much profit a company generates from the assets in place. Good for comparing companies in an industry. Disregards how the assets were financed.
Read MoreKorea & Indonesia Appear Most Attractive in Asia
Chart of the Day: Korea tops the list driven by cheap valuation, good price and fundamental momentum, and relatively low volatility. Indonesia has the highest ROE in Asia and moderately strong price momentum.
Read MoreIndonesia and India Continue to Be High Interest Rate Countries
Chart of the Day: Indonesia and India continue to be high interest rate countries. Japan, Taiwan, and Hong Kong all maintain very low rates. At 3.5%, China has room to raise rates to slow bubbles.
Read MoreThai Govt Bond Rate Rose to 3%, Moving in Step with Asia
Chart of the Day: US 10yr govt bond rate fell from 5% to 2% and has remained there since 2011. Thailand broke from Asia in 2014 and moved rates close to the US.
Read MoreWACC in Asia: Cost of Equity Matters Most
Chart of the Day: Looking at 500 non-financial companies in Asia. Considering the relatively low percent and relatively low cost of debt, cost of equity is the significant component of WACC.
Read MoreBrexit: EU Without UK Moves to Second from First in World Trade
Chart of the Day: EU holds the largest share of the world trade. Leaving the EU, UK would become 3% of the world trade, rather than being part of the largest block.
Read MoreYouth Have Been Driving China; Soon Will Drive India, Indonesia, Pakistan, and Philippines
Chart of the Day: China has the largest labor force, but India has more young people about to join. Japan has the largest percentage of old folks. Youth in the labor force will drive consumption growth throughout most of Asia.
Read MoreRoom for Growth – Only 5% of Population in Asia Has GDP Per Capita Over US$10,000
Chart of the Day: Singapore and Hong Kong have the highest per capita GDP. China’s per capita GDP is impressive given the size of the population. India could expand per capita GDP for decades if helped by gov’t policy.
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