瑞信-亚太地区投资策略之2021年亚太地区策略展望：盈利超级周期的开始-2020.11.26-132页

392

瑞信-亚太地区投资策略之2021年亚太地区策略展望：盈利超级周期的开始-2020.11.26-132页

# 投行报告 # 投资 # 盈利大小：2.47M | 页数：132 | 上架时间：2020-12-03 | 语言：英文

瑞信-亚太地区投资策略之2021年亚太地区策略展望：盈利超级周期的开始-2020.11.26-132页.pdf

免费阅读10页，购买之后可查看、下载132页完整报告

瑞信-亚太地区投资策略之2021年亚太地区策略展望：盈利超级周期的开始-2020.11.26-132页.pdf

试看10页

类型: 策略

上传者: ZY reset

撰写机构: 瑞信

出版日期: 2020-11-26

摘要：

End to the AxJ EPS drought. AxJ is exiting a badly disappointing decade with just 6.5% in compound annual total returns and a 4.7% CAGR in EPS, but we believe that the region is entering a new earnings super-cycle. After losing shares to workers and SMEs in the past decade, we expect large corporates to take a bigger slice of the GDP pie. Stabilisation of nominal GDP growth should help margins and deleveraging should be less of a drag. The rise in effective tax rates may end soon. We expect earnings growth in the teens for several years or more even after the big 2021 post-COVID-19 bounce back.

展开>> 收起<<

请登录，再发表你的看法

ZY reset

关注