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China Equity FVMR Snapshot: ‘China in Your Hand—Every Week’

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Watch the video with Andrew Stotz or read a summary of the China Equity FVMR Snapshot below.

China Equity FVMR Snapshot – August 2016

Fundamentals

China’s ROE is just slightly below the World. Consumer Staples is expected to deliver the highest ROE in 2016 and Consumer Discretionary in 2017. DPR is below the World’s, only the Energy and Telecom sectors pay out more than 50%.

Valuation

China is trading below the world on PE. Energy is currently most expensive, but Info Tech is expected to be most expensive in 2017. Info Tech is most expensive on PB but doesn’t deliver the highest ROE and Financials trade at 0.9x PB.

Momentum

EPS in China is expected to grow faster than the World in 2016, but around the same level in 2017. Earnings are expected to see a good rebound in Energy and Telecom. Only in Consumer Staples and Info Tech the price has dropped less than 10% in the past 1Y.

Risk

Info Tech is net cash, while the gearing is high in Utilities and Materials. Volatility has come down in the past 3M and Financials has been least volatile on both past 3M and 1Y.

 

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DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.

Posted in China, FVMR Snapshot