Latest news with #OsmanAli
Yahoo
20-06-2025
- Business
- Yahoo
China was called 'uninvestable' not long ago. Why investors are changing their minds.
After investors fled in recent years, Wall Street is warming up to Chinese stocks again. Investors are encouraged as trade tensions ease and AI advances. Goldman Sachs identified 10 Chinese stocks it likes, including Tencent and Alibaba. Wall Street has shunned China's stock market for its volatility amid the country's economic issues. A trade war, tough regulations, and geopolitical tensions have made it difficult for investors to navigate, but as tensions ease and AI technology continues to advance, investors are starting to warm up to China again. "China has been a market that has been deemed almost uninvestable for the last year or two," Osman Ali, Goldman Sachs Asset Management's global cohead of quantitative investment strategies, said at the bank's mid-year investment outlook on Wednesday. "That's starting to change, both as a consequence of better growth, a consequence of reform, and also, hopefully some easing trade and tariff tensions." Investors' changing opinions on China come at a time when US exceptionalism is increasingly under scrutiny. Uncertain tariff policy has left businesses scrambling and cut into profit margins, and the rising US deficit has led to concerns about the status of US Treasurys as a safe-haven asset. That's not to mention the disruption that DeepSeek caused earlier this year, leaving investors wondering if US technological supremacy was as unrivaled as they once believed. A more optimistic tariff outlook is also boosting optimism. After the US and China dialed down trade tensions, Goldman Sachs raised its GDP growth estimates for China from 4% to 4.6% for 2025. The bank also raised its 12-month outlook for the Chinese equity indexes MSCI China and CSI300, pricing in an 11% and 17% implied upside, respectively. Nomura Capital also upgraded Chinese stocks to a "tactical overweight" in early May. Laura Wang, Morgan Stanley's chief China equity strategist, expects an increase in flows into Chinese equities within the next six to 12 months due to their low valuations and earnings growth outlook. She's eyeing increasing willingness among global investors to diversify into China, and Morgan Stanley has upgraded its MSCI China earnings growth outlook for this year by 2%. "There is a declining trend of US exceptionalism," Wang said on Bloomberg on June 5. "We are also seeing the technology breakthrough led by Chinese companies, which are potentially pushing up the ROE and earnings growth for MSCI China for the offshore space." While the Magnificent Seven have reigned supreme among US equities, China has its share of powerhouse companies investors might want to pay attention to. Goldman Sachs recently published a report identifying 10 of China's biggest stock market names with a buy rating, which the bank dubbed the "Chinese Prominent 10." These include Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui, and ANTA and span industries ranging from tech to pharmaceuticals. Some of these companies are already making waves both in and out of China. For example, the electric vehicle company BYD has generated sales comparable to Tesla and has expanded aggressively in Europe and Latin America. The bank believes these companies have the potential "improve their competitive and comparative advantages, generate positive equity returns for shareholders, and outperform vs. their industry peers in both the US and Chinese stock markets." Read the original article on Business Insider
Business Insider
20-06-2025
- Business
- Business Insider
China was called 'uninvestable' not long ago. Why investors are changing their minds.
Wall Street has shunned China's stock market for its volatility amid the country's economic issues. A trade war, tough regulations, and geopolitical tensions have made it difficult for investors to navigate, but as tensions ease and AI technology continues to advance, investors are starting to warm up to China again. "China has been a market that has been deemed almost uninvestable for the last year or two," Osman Ali, Goldman Sachs Asset Management's global cohead of quantitative investment strategies, said at the bank's mid-year investment outlook on Wednesday. "That's starting to change, both as a consequence of better growth, a consequence of reform, and also, hopefully some easing trade and tariff tensions." Sell America Investors' changing opinions on China come at a time when US exceptionalism is increasingly under scrutiny. Uncertain tariff policy has left businesses scrambling and cut into profit margins, and the rising US deficit has led to concerns about the status of US Treasurys as a safe-haven asset. That's not to mention the disruption that DeepSeek caused earlier this year, leaving investors wondering if US technological supremacy was as unrivaled as they once believed. A more optimistic tariff outlook is also boosting optimism. After the US and China dialed down trade tensions, Goldman Sachs raised its GDP growth estimates for China from 4% to 4.6% for 2025. The bank also raised its 12-month outlook for the Chinese equity indexes MSCI China and CSI300, pricing in an 11% and 17% implied upside, respectively. Nomura Capital also upgraded Chinese stocks to a "tactical overweight" in early May. Laura Wang, Morgan Stanley's chief China equity strategist, expects an increase in flows into Chinese equities within the next six to 12 months due to their low valuations and earnings growth outlook. She's eyeing increasing willingness among global investors to diversify into China, and Morgan Stanley has upgraded its MSCI China earnings growth outlook for this year by 2%. "There is a declining trend of US exceptionalism," Wang said on Bloomberg on June 5. "We are also seeing the technology breakthrough led by Chinese companies, which are potentially pushing up the ROE and earnings growth for MSCI China for the offshore space." China's 'Prominent 10' While the Magnificent Seven have reigned supreme among US equities, China has its share of powerhouse companies investors might want to pay attention to. Goldman Sachs recently published a report identifying 10 of China's biggest stock market names with a buy rating, which the bank dubbed the "Chinese Prominent 10." These include Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui, and ANTA and span industries ranging from tech to pharmaceuticals. Some of these companies are already making waves both in and out of China. For example, the electric vehicle company BYD has generated sales comparable to Tesla and has expanded aggressively in Europe and Latin America. The bank believes these companies have the potential "improve their competitive and comparative advantages, generate positive equity returns for shareholders, and outperform vs. their industry peers in both the US and Chinese stock markets."
New Straits Times
23-05-2025
- Entertainment
- New Straits Times
#SHOWBIZ: Horror, fantasy are teen Puteri Rafasya's picks
SHE stamped her presence in Malaysian cinema by playing a tragic, little girl who becomes a ghost in the well — and Puteri Rafasya Abdul Rauf is just getting started. Puteri Rafasya has been acting for eight years now and director Osman Ali's 'Telaga Suriram' is actually her second movie role. The 14-year-old child starlet made her silver screen debut in 'Seratus' two years ago, and that was an action adventure with 100 cameos and main stars who included Datuk Awie, Adam Shahz, Isyariana Azmi, Fezrul Khan, Alif Satar, Sara Ali, Sharul Kamal and herself. In a recent interview to mark the premiere of 'Telaga Suriram', Puteri Rafasya said: "It's a little creepy to play a ghost in my very first leading role, but that's a role with an impact." Puteri plays 9-year-old Suriram, a dead village girl for 75 per cent of the two-hour horror, and she is an innocent victim of a heinous crime committed by a person with power. "While the thought of playing a dead person does send a bit of chill down my spine, but it was more of a rest and relax moment. "I was, however, mentally alert throughout my 'dead' scenes, always thinking of what the director would order me to do next," said Puteri Rafasya. COMMERCIALS Puteri Rafasya has been acting since she was six, in dramas and television commercials. "My first drama series was 'Ustaz Pink' in 2019, a romantic comedy headline by Nazim Othman and Farah Nabilah. "And then, I had my first Viu drama titled 'Restu' last year." Puteri Rafasya said 'Restu' was great fun, and she played the daughter of a single father played by her favourite actor Datuk Remy Ishak. As his daughter, she helped him find his Miss Right, from four beauties played by Wanna Ali, Elizabeth Tan, Ahirine Ahirudin and Siti Elizad Sharifuddin. "I enjoyed working with Remy, he's very friendly and a gentleman. That's why I always call him Hero Malaya." PAIRED In 'Telaga Suriram', Puteri is delighted to play the daughter of Maya Karin who is often paired with Remy and is her favourite actress alongside Nabila Huda Suhaimi. In fact, Nabila Huda plays her babysitter and best friend and she got to spend a lot of screen time with the daughter of rock legend Datuk Amy of Search. "I admire Nabila for her versatility and the fact that she also began her acting career while still in school. "As for Maya, I love her versatility in acting, singing and hosting television programmes. "I also loved her role as a tragic vampire in the Pontianak Harum Sundal Malam movies." STRICT It is Puteri Rafasya's first time being directed by Osman Ali. While she initially thought he would be a strict man, she was delighted to learn that he was a gentleman who was nice to her throughout their year-long shoots in Perak, Kedah and Perlis. "Osman always made sure I was all right and often reminded the cast and crew to make sure she had enough rest," she said. Puteri Rafasya had a pleasant surprise when she met actress Scha Alyahya's daughter Lara Alaina Awal, 10, who visited the set once. She bonded well with the former 'Muzik Muzik' host who played a tough policewoman, ASP Karmila. Actor Farid Kamil was also a great friend of Puteri Rafasya on the set of the movie, even though he played one of the bad guys. "Unfortunately, I did not get to meet his daughter Aurora, 10, as she seldom visits her parents on location," said Puteri Rafasya. COACH As for Ellie Suriaty Omar, she was a great acting coach who made the job easy for Puteri Rafasya. "Kak Ellie told me to always get into character and not think of the real world outside the set. "Getting into character is the key to becoming a good actress." Puteri Rafasya was born in Kuala Lumpur and is the eldest of three siblings. She is paternally Kelantanese and maternally Penangite. "I love horror movies and would love to star in more of them. "But not as a victim but a survivor who defeats the monsters." FANTASY Puteri Rafasya also loves fantasy movies and animated movies and would love to do voice-over work for local animated movies. "I always love 'Spirited Away' by Ghibli Studios and 'The Lion King' by Disney." Puteri Rafasya however admits that she is rather serious and not a fan of comedies. "Nevertheless, there is no harm acting in comedies as long as my character is serious, yet funny." Puteri Rafasya's dream role is to be a character who can be good and bad at the same time. "Morally ambiguous characters are fascinating, such as Harley Quinn of DC Comics and Jack Sparrow of 'Pirates Of The Caribbean'," she said. FUTURE In future, Puteri Rafasya would love to team up with Nabila, Maya, Remy and Farid in different types of movies, playing characters vastly different from 'Telaga Suriram' and 'Restu'. "Every movie and drama is an adventure for me, and while I may not be physically travelling to different destinations, getting into a brand new role is as good as doing so," she said.
