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Top related persons:
Redmond Wong - 4 Saxo's Wong - 4 Wong - 2 Goldman Sachs - 2 Xi - 2 Rodrigo Catril - 2 Brent - 2 Selena Li - 2
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China Hong Kong HONG KONG Asia Pacific Japan Greater China Beijing
Top related orgs:
Baidu - 2 CSI - 2 Saxo Markets - 2 National Australia Bank Senior - 2 U.S - 2 Thomson - 2 CNBC Pro - 1 Monetary Fund - 1

Search resuls for: "Saxo's Wong"


4 mentions found


☆ As the Year of the Dragon begins, the pros name sectors — and stocks — to play the Chinese market
  + stars: | 2024-02-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com   time to read: +6 min
Chinese stocks had an eventful week last week — with the benchmark Shanghai Composite Index hitting a five-year low of about 2,650 points on Feb. 5, before edging up to end the week at 2,865.90. A slide in Hong Kong-listed Chinese shares on Feb. 9, however, proved that investors may still have lingering concerns on the prospects of Chinese stocks in the new year. As the festive season gets underway, Redmond Wong, market strategist at investment firm Saxo, sees several opportunities to play the market. Boom in green transformation Beyond the traditional sectors, Saxo's Wong is watching an up-and-coming area in China: energy security and a green transformation. Data from the International Energy Agency shows that the Asian giant's clean-energy sectors contributed 11.4 trillion Chinese yuan ($1.6 trillion) to the Chinese economy in 2023, up 30% year-on-year.
Persons: Redmond Wong, Saxo, I'm, Wong, Saxo's Wong, Morningstar, Zijin Organizations: CNBC Pro, Monetary Fund, Technology, Shenzhen, Baidu, Sands, Tsingtao, Morningstar, Tsingtao Brewery, International Energy Agency, Companies, Zijin Mining Locations: Shanghai, Hong Kong, China, Zhejiang, Sands China, Macao, Shandong
☆ Time to invest in China? The pros weigh in on what sectors and stocks to play right now
  + stars: | 2023-11-15 | by ( Amala Balakrishner | ) www.cnbc.com   time to read: +5 min
Chinese stocks too have done poorly. 'High confidence in the tradable value' While the Chinese economy "is not very strong," Wong has "high confidence in the tradable value," of Chinese stocks. Stocks to play Goldman is overweight on several sectors including online retail, media/entertainment, tech hardware, health care equipment and services and food & beverage. Other stocks the investment bank sees outperforming "as the China growth story evolves" include internet services provider NetEase , technology hardware manufacturer Xiaomi , and manufacturing conglomerate BYD . China-focused ETFs Elsewhere, Saxo's Wong has his eye on the new infrastructure (such as 5G technology), industrial technology and agricultural technology themes.
Persons: Redmond Wong, Wong, Goldman Sachs, Stocks, Goldman, Saxo's Wong, — CNBC's Michael Bloom, Clement Tan Organizations: Shenzhen Component, Saxo, CNBC, National Bureau of Statistics, Tech, Baidu, Galaxy Entertainment, Mining, China Resources Beer, Miniso, Hong Kong Exchange, CSI Agriculture, CSI 5G Communications, CSI Technology, Enterprises Locations: Shenzhen, China, Taiwan, India, South Korea, Brazil, Mexico
☆ China's smaller-than-expected rate cut sends stocks lower
  + stars: | 2023-06-20 | by ( Selena Li Joice Alves | Selena Li | Joice Alves | ) www.reuters.com   time to read: +3 min
China cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, with a smaller-than-expected 10-basis point reduction in the five-year LPR. China's benchmark CSI (.CSI300) slipped 0.17%, with the real estate index (.CSI931775) falling 1.9%, its biggest daily decline in a month. "I don't think they (the LPR cuts) are going to move the needle at all," said Redmond Wong, Greater China market strategist at Saxo Markets. He said a 15 basis-point cut would have sent a "stronger message" that could boost sentiment in China's property sector. The People's Bank of China lowered the medium-term lending facility rate on Thursday last week.
Persons: Redmond Wong, Xi, Rodrigo Catril, Antony Blinken's, Saxo's Wong, Brent, Selena Li, Joice Alves, Anisha Sircar, Susan Fenton Organizations: CSI, Saxo Markets, People's Bank of, National Australia Bank Senior, Citi, U.S, Reserve Bank, Australia's, Bank of England, Thomson Locations: HONG KONG, China, Asia, Pacific, Japan, Greater China, Beijing, People's Bank of China, United States, Hong Kong, London
☆ Asia shares fall on China's modest rate cut
  + stars: | 2023-06-20 | by ( Selena Li | ) www.reuters.com   time to read: +3 min
HONG KONG, June 20 (Reuters) - Stocks in Asia fell on Tuesday as investors worried China's latest rate cut was not enough to boost confidence in the weakening economy and awaited a wider stimulus package by Beijing. China, in a highly anticipated move, cut two key benchmark lending rates for the first time in 10 months on Tuesday, with its one-year loan prime rate (LPR) lowered by 10 basis points to 3.55% and the five-year LPR cut by the same margin to 4.20%. "I don't think they (the LPR cuts) are going to move the needle at all," said Redmond Wong, Greater China market strategist at Saxo Markets. He said a 15 basis-point cut would be a "stronger message" to boost China's property sector. The People’s Bank of China lowered the medium-term lending facility rate on Thursday last week.
Persons: China's, Redmond Wong, Xi, Rodrigo Catril, Goldman Sachs, Antony Blinken, Saxo's Wong, Brent, Selena Li, Sonali Paul Organizations: CSI, Saxo Markets, People’s Bank of, National Australia Bank Senior, U.S, Japan's Nikkei, Treasury, Thomson Locations: HONG KONG, Asia, Beijing, China, Pacific, Japan, U.S, Greater China, People’s Bank of China, United States, Hong Kong
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