Tue, Oct 1, 2024 4:57 PM
90% of the top 30 largest EM funds are currently underweight on China
A Flip by Avya Verma
Invesco's chief investment officer for Hong Kong and China, Raymond Ma, warns that some Chinese stocks have become overvalued after surging 30%-40% in the recent boom, lacking a clear value proposition based on earnings performance. Ma's fund has delivered a 26% return over the past year, beating 95% of its peers.
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Garden Reach Shipbuilders on Friday, October 4 said it has it has signed the contract for construction and delivery of one of the four additional four multi-purpose vessels of 7500 DWT. The company said it inked an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co KG Germany on Thursday, October 3, 2024, to construct and deliver the fifth multi-purpose vessel of 7,500 DWT.
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Shares of DMart parent Avenue Supermarts were tanking on Friday as the retailer’s second-quarter business update split brokerages on the company’s performance. What Happened: Brokerages had a mixed outlook on DMart as the company reported a 14% year-on-year increase in Q2 standalone revenue, reaching ₹14,050 crore for the quarter ended September 2024.
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