China reported better than expected manufacturing and non-manufacturing PMI. Time to buy? - Seedly
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Anonymous

Asked on 03 Apr 2019

China reported better than expected manufacturing and non-manufacturing PMI. Time to buy?

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    pat

    pat

    Level 7. Grand Master

    Answered on 20 Jan 2020

    These numbers are lagging and all the counters had moved before the number are annoucned. You should use it as an industry/market indicator to determine the direction.

    like choon yuan shared, you should be looking at index instead of indivdual companies if you are using these numbers as a guidance.

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    Billy Ko

    Billy Ko

    Level 8. Wizard

    Answered on 20 Jan 2020

    Whew, 3rd April 2019, I hope you did bought into manufacturing stocks. Look at Venture Corporation, AEM, UMS. 52 week highs for some of them. But I guess manufacturing doesn't mean much, import/exports/GDP would serve as better economic indicators for me.

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    Manufacturing and non-manufacturing PMI are good indicators of the global economy

    However they are lagging indicators and it dosent mean a long term trend, if you buy indexes, just buy dont time the market. If you are buying company specific, make sure you understand if the company has a moat or otherwsie

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    Bjorn Ng

    Bjorn Ng

    Level 9. God of Wisdom

    Answered on 20 Jan 2020

    Hi there,

    Usually I don't bother much about the general economy news/outlook.. If a business is solid with clear growth potential ahead, the economy news will simply just serve as market noises, that's all.

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