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2022-12-20 04:54

By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Investors caught off-guard by China’s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week sparked a rally in the shares of liquor producer Kweichow Moutai Co and China Southern Airlines, seen likely to benefit from potential revenge consumption. Since hopes for a policy shift began emerging in November, the and MSCI China have surged more than 30%, while the CSI 300 jumped over 10%, after double-digit losses for most of the year. Providers of death care services, including Hong Kong-listed Fu Shou International Group, China’s biggest cemetery operator and funeral service provider, have also drawn investors. The abrupt easing in regulations means «the number of critically ill, and deaths will creep up over time,» boosting demand for medical and death care services, said Yin Peixin, hedge fund manager at Shanghai Jianlong Asset Management Co, who expects a big wave of outbreaks early next year. The panic over spreading infections has fired up stocks of cough medicines, flu drugs and antigen test kit makers. Shijiazhuang Yiling Pharmaceutical Co Ltd, a seller of anti-cold drugs, saw its share price double in a little over a month, while shares of Guangzhou Wondfo Biotech, which produces testing reagents, rose to a seven-month high. The positioning for both the bright and dark side of China’s COVID pivot reflects growing concerns from investors surprised by the rapid policy change, especially as COVID vaccination rates among the elderly remain relatively low. The Chinese economy has sagged this year with a Reuters poll f mandy muse youjizz zazie beetz domino hotgeneral casino мобильная версияorecasting growth of 3.2%, but some analysts expect growth to rebound to 4-5% next year. A spike in infections, a slowly recovering property market and slumping global growth, however, remain risks to the outlook. «We are trying to work out who will be real beneficiaries…we think reopening will benefit parts of the economy, but not the entire economy,» said Andrew Swan, head of Asia (ex-Japan) equities at Man GLG, who changed his view on China in the third quarter. While Swan is not convinced there will be a big revival in consumption, the global hedge fund is looking to add exposure to China on the long side. «The U.S. and other markets gave a lot of income support during lockdowns, but there has been no income support in China at the household level.» Florian Neto, head of investment, Hong Kong & Taiwan and head of multi asset, Asia at French asset manager Amundi, said he, too, is turning bullish on China recently, and has been adding positions. «Initially we were cautious on China. Over the last 10 days, we got more signs of definitive easing of dynamic zero policy,» Neto told Reuters. «But we still think that the way China can flatten the curve of new COVID cases without doubling down on tightening looks quite challenging.» Neto said that health care and medical equipment stocks are potentially short-term plays as «you can see an increase in the number of inpatient, outpatient.» For long-term plays, he prefers consumer, insurance and internet stocks, which will benefit from an eventual economic reopening. Citic Securities sees demand for burial services, forecasting business recovery for Fu Shou Yuan, which operates cemeteries in 46 cities across China. In its initial coverage of the company, Zheshang Securities forecast Fu Shou Yuan’s revenue would jump 25% in 2023, compared with 0.7% this year, citing changes in COVID rules. Fu Shou Yuan shares jumped more than 6% this week to one-year highs, while shares of Fortune Ng Fung Food (Hebei) Co, which offers both meat processing, and death care services, also rose sharply.kings sports bettingillegal fishing activities in the philippinesBy Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Investors caught off-guard by China’s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week sparked a rally in the shares of liquor producer Kweichow Moutai Co and China Southern Airlines, seen likely to benefit from potential revenge consumption. Since hopes for a policy shift began emerging in November, the and MSCI China have surged more than 30%, mandy muse youjizz play joker poker power video pokervideo poker for pcwhile the CSI 300 jumped over 10%, after double-digit losses for most of the year. Providers of death care services, including Hong Kong-listed Fu Shou International Group, China’s biggest cemetery operator and funeral service provider, have also drawn investors. The abrupt easing in regulations means «the number of critically ill, and deaths will creep up over time,» boosting demand for medical and death care services, said Yin Peixin, hedge fund manager at Shanghai Jianlong Asset Management Co, who expects a big wave of outbreaks early next year. The panic over spreading infections has fired up stocks of cough medicines, flu drugs and antigen test kit makers. Shijiazhuang Yiling Pharmaceutical Co Ltd, a seller of anti-cold drugs, saw its share price double in a little over a month, while shares of Guangzhou Wondfo Biotech, which produces testing reagents, rose to a seven-month high. The positioning for both the bright and dark side of China’s COVID pivot reflects growing concerns from investors surprised by the rapid policy change, especially as COVID vaccination rates among the elderly remain relatively low. The Chinese economy has sagged this year with a Reuters poll forecasting growth of 3.2%, but some analysts expect growth to rebound to 4-5% next year. A spike in infections, a slowly recovering property market and slumping global growth, however, remain risks to the outlook. «We are trying to work out who will be real beneficiaries…we think reopening will benefit parts of the economy, but not the entire economy,» said Andrew Swan, head of Asia (ex-Japan) equities at Man GLG, who changed his view on China in the third quarter. While Swan is not convinced there will be a big revival in consumption, the global hedge fund is looking to add exposure to China on the long side. «The U.S. and other markets gave a lot of income support during lockdowns, but there has been no income support in China at the household level.» Florian Neto, head of investment, Hong Kong & Taiwan and head of multi asset, Asia at French asset manager Amundi, said he, too, is turning bullish on China recently, and has been adding positions. «Initially we were cautious on China. Over the last 10 days, we got more signs of definitive easing of dynamic zero policy,» Neto told Reuters. «But we still think that the way China can flatten the curve of new COVID cases without doubling down on tightening looks quite challenging.» Neto said that health care and medical equipment stocks are potentially short-term plays as «you can see an increase in the number of inpatient, outpatient.» For long-term plays, he prefers consumer, insurance and internet stocks, which will benefit from an eventual economic reopening. Citic Securities sees demand for burial services, forecasting business recovery for Fu Shou Yuan, which operates cemeteries in 46 cities across China. In its initial coverage of the company, Zheshang Securities forecast Fu Shou Yuan’s revenue would jump 25% in 2023, compared with 0.7% this year, citing changes in COVID rules. Fu Shou Yuan shares jumped more than 6% this week to one-year highs, while shares of Fortune Ng Fung Food (Hebei) Co, which offers both meat processing, and death care services, also rose sharply.odyssey best endinglotto result 4 may 2021Morgan Stanley (NYSE:) Chief China economist Robin Xing said China’s economy may remain sluggish for another quarter or two, but growth will pick up after Spring. «After short-term pains, life will come back to normal next year,» Xing said, following the Wall Stree mandy muse youjizz william hill club casinoquatro casino login canadat bank’s upgrade of Chinese equities earlier this week.slide for poolwheel of fortune online casino gameBy Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Investors caught off-guard by China’s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week sparked a rally in the shares of liquor producer Kweichow Moutai Co and China Southern Airlines, seen likely to benefit from potential revenge consumption. Since hopes for a policy shift began emerging in November, the and MSCI China have surged more than 30%, while the CSI 300 jumped over 10%, after double-digit losses for most of the year. Providers of death care services, including Hong Kong-listed Fu Shou International Group, China’s biggest cemetery operator and funeral service provider, have also drawn investors. The abrupt easing in regulations means «the number of critically ill, and deaths will creep up over time,» boosting demand for medical and death care services, said Yin Peixin, hedge fund manager at Shanghai Jianlong Asset Management Co, who expects a big wave of outbreaks early next year. The panic over spreading infections has fired up stocks of cough medicines, flu drugs and antigen test kit makers. Shijiazhuang Yiling Pharmaceutical Co Ltd, a seller of anti-cold drugs, saw its share price double in a little over a month, while shares of Guangzhou Wondfo Biotech, which produces testing reagents, rose to a seven-month high. The positioning for both the bright and dark side of China’s COVID pivot reflects growing concerns from investors surprised by the rapid policy change, especially as COVID vaccination rates among the elderly remain relatively low. The Chinese economy has sagged this year with a Reuters poll forecasting growth of 3.2%, but some analysts expect growth to rebound to 4-5% next year. A spike in infections, a slowly recovering property market and slumping global growth, however, remain risks to the outlook. «We are trying to work out who will be real beneficiaries…we think reopening will benefit parts of the economy, but not the entire economy,» said Andrew Swan, head of Asia (ex-Japan) equities at Man GLG, who changed his view on China in the third quarter. While Swan is not convinced there will be a big revival in consumption, the global hedge fund is looking to add exposure to China on the long side. «The U.S. and other markets gave a lot of income support during lockdowns, but there has been no income support in China at the household level.» Florian Neto, head of investment, Hong Kong & Taiwan and head of multi asset, Asia at French asset manager Amundi, said he, too, is turning bullish on China recently, and has been adding positions. «Initially we were cautious on China. Over the last 10 days, we got more signs of definitive easing of dynamic zero policy,» Neto told Reuters. «But we still think that the way China can flatten the cur mandy muse youjizz paano tumaya ng lottotop illinois sports betting appsve of new COVID cases without doubling down on tightening looks quite challenging.» Neto said that health care and medical equipment stocks are potentially short-term plays as «you can see an increase in the number of inpatient, outpatient.» For long-term plays, he prefers consumer, insurance and internet stocks, which will benefit from an eventual economic reopening. Citic Securities sees demand for burial services, forecasting business recovery for Fu Shou Yuan, which operates cemeteries in 46 cities across China. In its initial coverage of the company, Zheshang Securities forecast Fu Shou Yuan’s revenue would jump 25% in 2023, compared with 0.7% this year, citing changes in COVID rules. Fu Shou Yuan shares jumped more than 6% this week to one-year highs, while shares of Fortune Ng Fung Food (Hebei) Co, which offers both meat processing, and death care services, also rose sharply.roulette fun playgovernor of poker 2 premium edition free download full versionMorgan Stanley (NYSE:) Chief China economist Robin Xing said China’s economy may remain sluggish for another quarter or two, but growth will pick up after Spring. «After short-term pains, life will come back to normal next year,» Xing said, followi mandy muse youjizz how to be poker facefive letter words ending in chng the Wall Street bank’s upgrade of Chinese equities earlier this week.solo leveling manhwa ending£10 free slotsLONDON (Reuters) -Jersey police said on Sunday the death toll from an explosion at an apartment building had risen to five, and that four people remained unaccounted for as emergency services indicated they were unlikely to find any more survivors. The explosion early on Saturday morning at a block of flats on the island of Jersey, off the coast of northern France, completely destroyed the three-storey building in the isl mandy muse youjizz online casino wagerquatro casino login canadaand’s capital of St Helier. «The number of Islanders confirmed to have been killed in the blast is now 5. There are a number of residents, we’re working on the assumption of 4, that are unaccounted for,» local police said on Twitter. Jersey is a British Crown Dependency with a resident population of just over 100,000 people. Fire services had been called to the property on Friday evening after residents had reported the smell of gas. The explosion occurred just before 0400 GMT on Saturday. In a news conference on Sunday, emergency services said the search and rescue operation had moved to a recovery operation, indicating there was little hope of finding survivors. Robin Smith, Chief Officer of the States of Jersey Police, said the investigation would be independent and he would «rule nothing in and rule nothing out» when asked if he was treating the incident as a possible criminal matter.kings sports bettingsports betting with netellerLONDON (Reuters) -Jersey police said on Sunday the death toll from an explosion at an apartment build mandy muse youjizz pool play carter woods-dakota paynelotto result dec 6 2021ing had risen to five, and that four people remained unaccounted for as emergency services indicated they were unlikely to find any more survivors. The explosion early on Saturday morning at a block of flats on the island of Jersey, off the coast of northern France, completely destroyed the three-storey building in the island’s capital of St Helier. «The number of Islanders confirmed to have been killed in the blast is now 5. There are a number of residents, we’re working on the assumption of 4, that are unaccounted for,» local police said on Twitter. Jersey is a British Crown Dependency with a resident population of just over 100,000 people. Fire services had been called to the property on Friday evening after residents had reported the smell of gas. The explosion occurred just before 0400 GMT on Saturday. In a news conference on Sunday, emergency services said the search and rescue operation had moved to a recovery operation, indicating there was little hope of finding survivors. Robin Smith, Chief Officer of the States of Jersey Police, said the investigation would be independent and he would «rule nothing in and rule nothing out» when asked if he was treating the incident as a possible criminal matter.numero ng daga sa juetengsorry bots are not taking betsLONDON (Reuters) -Jersey police said on Sunday the death toll from an explosion at an apartment building had risen to five, and that four people remained unaccounted for as emergency services indicated they w mandy muse youjizz how to be poker faceian frazer pokerere unlikely to find any more survivors. The explosion early on Saturday morning at a block of flats on the island of Jersey, off the coast of northern France, completely destroyed the three-storey building in the island’s capital of St Helier. «The number of Islanders confirmed to have been killed in the blast is now 5. There are a number of residents, we’re working on the assumption of 4, that are unaccounted for,» local police said on Twitter. Jersey is a British Crown Dependency with a resident population of just over 100,000 people. Fire services had been called to the property on Friday evening after residents had reported the smell of gas. The explosion occurred just before 0400 GMT on Saturday. In a news conference on Sunday, emergency services said the search and rescue operation had moved to a recovery operation, indicating there was little hope of finding survivors. Robin Smith, Chief Officer of the States of Jersey Police, said the investigation would be independent and he would «rule nothing in and rule nothing out» when asked if he was treating the incident as a possible criminal matter.heart of vegas casino slot gametongits game freeHe added that the recovery operation and the identification of bodies would take some time. «We a mandy muse youjizz msc prize pool 2021 mvpplay joker poker power video pokerre not going to be here for days. We are likely to be here for weeks,» he told reporters.lotto results july 19 2021roulette live spin data

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