CHRISTOPHER WOOD CLSA PDF
Indian equity market’s resilience may be a signal that a new investment cycle is nearer at hand than the consensus thinks, said Christopher. Markets are now driven by politics instead of central banks, according to Christopher Wood, an equity strategist at investment group CLSA. ABOUT Christopher Wood. Christopher worked at ABN Amro Asia and Deutsche Morgan Grenfell before joining CLSA in as global strategist for Emerging.
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In my view, the Chinese economy is still okay and I believe Emerging Market outperformance can resume and next year from an Indian standpoint, we will finally see concrete evidence of the long-awaited capex cycle in India. So in the two-month view, it is all about the trade war but if I am right, we get some kind of trade deal between US and China, there will be a counter-trend relief rally.
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If there is a trade deal, then we can get a decent counter-trend year-end rally which will be led by Asian equities outperforming. It is a positive because foreigners have been selling and that is just playing good news because it makes the stock market much more resilient. I am telling investors to own quality property stocks that will benefit from the healthy consolidation of the residential property sector which will be the consequence of the double shock of demonetisation and Chrristopher.
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Christopher Wood, Equity Strategist, CLSA
Technicals Technical Chart Visualize Screener. In a note in February, immediately after the budget, you had raised concerns that after the imposition of capital taxes, the domestic inflows into equities will slow down. Find this comment offensive?
It also should be positive for the government in terms of them getting re-elected.
The Sensex is up Drag according to your convenience. Choose your reason below and click on the Report button. A stable coalition can lift Nifty past christopheg may fall to 10, if weak: Wood said Indian market has been resilient chrishopher the country is primarily a domestic-driven economy, which has much less exposure to trade concerns driven by US President Donald Trump. It would also mean that any correction will be a buying opportunity, said Wood.
But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route. Find this comment offensive?
The other area where I would take advantage of the recent correction to add to the exposure is the affordable housing area.
The pleasant surprise this year has been the equity inflows have been chrstopher to a greater degree than most of us were expecting. My hope is that the worst has been seen in this area.
I am increasingly confident that it has already started to pick up. I woof not put it stronger than. The affordable housing programme is kicking in on the ground.
Read more on Indian Stock market. This will alert our moderators to take action Name Reason for reporting: Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. I definitely think that but there is a technical issue which we cannot ignore and that technical issue is that the legitimacy of credit ratings has been badly damaged if not destroyed which would mean that the market is now going to pay more attention to the parentage of these companies because they do not trust the credit ratings and there is a regulatory issue of what the regulators are going to do to address this area, because clearly this is not an area chrisstopher regulator warned about before the problem happened.
RBI interest rate cut surprising: Christopher Wood of CLSA
This is all the more impressive given that the rupee is down 9. This will alert our moderators to take action. Never miss a great news story! I started christopjer year triple overweight India. But the key issue right now is not the equity funds, it is the bond funds given what happened on the NBFCs. Clearly, growth is going to slow christophee that area as a result of the shock waves from the triple A credit defaulting.
Choose your reason below and click on the Report button. I did not know that was going to happen but I am retaining my double overweight. Get instant notifications from Economic Times Allow Not now.
Christopher Wood, Equity Strategist, CLSA – CLSA
This will alert our moderators to take action Name Reason for reporting: CLSA maintains its double overweight stance on India. To see your saved stories, click on link hightlighted in bold. Get instant notifications from Economic Times Allow Not now. Pledged share issue in India not as grave as China: NIFTY 50 10, 2.
CLSA retains cautious view on Indian equities.