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

Anonymous

20 Jan 2020

βˆ™

Stocks

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

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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.

Billy

20 Jan 2020

Development & Acquisitions Manager at Real Estate Private Equity

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.

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

However they ...

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