Chinese stocks are among the world’s worst performers this year, with the Hang Seng China Enterprises Index having fallen more than 20% from a January high. The country’s economy is struggling with default risks in the property market and a sluggish recovery in domestic consumption.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.
December 23, 2024