The recent sharp and rapid Rmb depreciation has created a new list of beneficiaries. They include CIMC Enric, China Energy Engineering, China Communications Construction, Sinotrans and AviChina.
Boomeranged on Tue, 4 Jul 2023 15:03
The Rmb continued to depreciate in last month, by another 2.2% so far into Jul. With interim results to be reported in Aug, it is important to review again what companies are the beneficiaries of the sharp depreciation in 1H23. We think this Insight should provide value on this perspective and serve as a pointer to companies with potential upside surprises in their upcoming results.
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