Asia is back on the board
Asia is coming out of its low-value environment and is starting to show some real growth in company values, says Capital international senior vice-president Robert Ronus.
Speaking at a Lend Lease briefing in Melbourne last week, Ronus ad-mits there are still some poor performing areas like Indonesia, but Korea has turned around and his organisation is looking at investing in Korean stocks again.
"Japanese equities are still cheaper to buy at present than their US and European counterparts," he
Asia is coming out of its low-value environment and is starting to show some real growth in company values, says Capital international senior vice-president Robert Ronus.
Speaking at a Lend Lease briefing in Melbourne last week, Ronus ad-mits there are still some poor performing areas like Indonesia, but Korea has turned around and his organisation is looking at investing in Korean stocks again.
"Japanese equities are still cheaper to buy at present than their US and European counterparts," he says.
China is still an area of concern with the prospect of devaluing the yuan. "The Chinese growth figures are questionable and we are looking at alternative figures like electricity supply to try to gain a true picture of the economy," he says.
"There is a lot of evidence that their growth is not as good as the official figures."
Ronus supports China's original decision not to devalue as the trade surplus was good, but as growth slows, the government may be forced to devalue, he says.
Ronus says there are still lots of good long-term investments in Asia and this will help restore its reputation as a good, emerging market for investment.
Ends
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