The strong growth figures for China are not translating into the rises in earnings per share as we would expect to see, because of widespread margin pressure. We are seeing a supply overhang emerging in the stock market, caused by the Chinese government's methodical divestiture from its considerable stock holdings.
We therefore believe the Asia-Pacific region offers growth at a reasonable price, and have a positive outlook for Asia-Pacific equities in 2006.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.