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Aberdeen Asian Equities: Growth and re-investment
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after a very strong run last year there
has been enough uncertainties
particularly with respect to the macro
environment we with it politics or with
trade tensions are rising tensions with
the US and within the region we've also
had very different performances across
markets what's been really positive
about markets really the numbers coming
out of the corporates are where we
continue to see robust earnings growth
we continue to see investment
opportunities for the companies that
operate within Asia I think that bodes
very well when you look at balance
sheets they have remained very robust
some of the larger companies BT SMC or
Samsung Electronics have substantial
amount of cash on the balance sheet
which will allow them to continue to
reinvest when you look at the mainland
Chinese companies many of them are a lot
more sophisticated with with managing
the balance sheets and no longer have a
substantial US dollar exposure that
leads them to vulnerability should the
currency move substantially if you're
looking at the economic profile Asia is
one of the few regions know all that
continue to post growth in excess of six
percent you have that in Indonesia China
and India secondly when you're looking
at the demographic profile you have some
of the most populous countries also in
Asia and if you look at India and
Indonesia particularly a substantial
portion of the population remains below
the age of 27 so you have very
attractive demographics thirdly when
you're looking at the companies in Asia
they continue to find very attractive
investment opportunities within their
countries so they're not looking to buy
back starts or to return access to cash
to shareholders because they're better
returns to be had from reinvesting and I
think that these are extremely good
propositions for Asia over the longer
term
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