Asia P/Es ‘Very Cheap’ Vs Western Mkts: Credit Suisse’s VarvelChua Baizhen
Asia P/Es now look attractive, Eric Varvel, Credit Suisse’s Asia Pacific CEO and co-head of investment banking, tells Betty Liu at conference in Hong Kong organized by the bank.
- China hasn’t performed very well in last 5 yrs
- Not enough U.S. growth because of low interest rates
- China M&A is now “stronger that it ever has,” in sectors incl. energy, technology, branded products, manufacturing
- Interest coming back to China IPOs
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