——- In-depth analysis of the investment value of the Southeast Asia Technology Index!Intersection
In the past two years, I believe that one of the deepest things everyone feels is: investment must be decentralized!In this way, you can hedge the risk to the greatest extent, and finally achieve "the east is not bright, the west is bright".
Recently, many people have begun to worry about whether U.S. stocks and India have been "crowded".Honestly, I also think that the chance of these two short -term callbacks is quite large ~
If you have the same worry, you can consider Huatai Berry’s new.The ETF tracks the "Pan -Southern South Asian Technology Index" (hereinafter referred to as the "Southeast Asia Technology Index"), which mainly tracks the performance of 30 technology companies in the Southeast Asia and emerging Asian markets.
Since the listing and transaction of Southeast Asia Technology ETF, its rise is quite good.Although some of my recent operations (under emotional influence) have some dishes, but
In the past one year (2023.12.21)::
The Nasdaq index rose even more!
And, it can be seen from the figure below that it has just risen from November.
As for why it hasn’t risen this year, I think it should still be affected by the Federal Reserve’s interest rate hike, especially the impact on the growth of science and technology.
It’s very interesting!
The Southeast Asia Technology Index increased during the bull market in 2020-2021, which was quite large, reached!
However, since the highest point has fallen, the "Southeast Asian Technology Index" has a maximum retracement of only -30%. You must know, the largest retreat of the CSI 300 at the same time is -39%, the biggest retreat of the Hang Seng Technology IndexIntersection
I’m curious, why is this?Pune Wealth Management
With this question, I started to find information and do my homework.
Finally, my own personal point of view is:
According to my understanding, it is mainly the following two reasons.
1) Southeast Asian Population dividends
2) Indian manufacturing overflow
To put it plainly:
"Southeast Asia" usually refers to six core countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
And India’s population 1.4 billion, equivalent to nearly half India, is a very large market.ASEAN Secretary -General Gao Jinhong said that it is expected to be the ESS (second only to the United States, India, and the European Union) by 2030.
I also found 3 data in the "2023 Southeast Asian Economy Research Report" jointly released by Google, Bain, and Temasek.
1> Per capita GDP: In 2022, Southeast Asia is $ 5,300, while India is 13,000 US dollars.
2> The growth rate of the number of labor force: Google predicts that during the period of 2023-2028, the compound growth rate of the number of people in Southeast Asia was 0.7%, India was 0%, and Europe was -0.5%.
3> Current urbanization rate: 54%in Southeast Asia, 65%in India, and 83%in the United States.
From the above 3 data, it can be seen that the gap between Southeast Asia and Europe, the United States, and even India is quite large.
In other words, Southeast Asia is currently in
According to the estimation of the global manufacturing consulting company Kearney in 2020: After the trade friction in 2018, India fell US $ 90 billion in US manufacturing exports, half of which went to Southeast Asia, and the other half went to Mexico, Europe and other places.Southeast Asia’s acceptance of the manufacturing industry has further improved the income level of locals.
For our domestic investors, when it comes to "Southeast Asia", it is estimated that it is difficult to associate with the term "technology".
Therefore, many people have doubts about Southeast Asia Technology ETF here.Because the two most important industries of the index are "electronic components and manufacturing" and "software and consultation".
The saying that we are more familiar with is: mid -to -high -end manufacturing, the Internet.
The following analysis is developed from these two industries.
I still found 2 key data from the "2023 Southeast Asian Digital Economic Research Report".
1> Southeast Asian Internet users account for 70%-80%, and Internet consumers account for 50%-60%.Jaipur Investment
2> The total revenue of the digital economy in Southeast Asia reached 100 billion US dollars in 2023, an increase of 8 times in the past 8 years.(Digital economy includes: e -commerce, fintech, streaming media, games, transportation, etc.)
In other words, the development of the Internet in Southeast Asia is relatively high and is developing rapidly.
When it comes to Southeast Asia, everyone’s first reaction is "low -end manufacturing". For example, Vietnam, which everyone often said in the past two years.
That’s right, when I wrote Vietnam myself, I also said that it was just a assembly factory.
However, I recently read an article from Wu Xiaobo’s team. Their team interviewed several officials in Vietnam and said:
As for why Vietnam’s pursuit of new energy technology, it may be related to its 2030 carbon neutralization and target.To this end, some steel plants in Vietnam have begun to use digital transformation, technical optimization and improvement efficiency to improve energy utilization.
Therefore, even if Southeast Asia’s current science and technology level is not as good as us, it has begun to transform.
After several years of market conditions, I believe that many investors should be able to feel a phenomenon: sometimes the stock price trend has little to do with the fundamentals, but it is related to the exchanges and investors.
The "Southeast Asia Technology Index" is listed on the Singapore Stock Exchange.
Where is Singapore?
Singapore’s status in the financial industry is very high, known as "Southeast Asia Street in Wall Street".Singapore is still a hedging place that undertakes hot money throughout Southeast Asia and even the world. Especially under the relationship between Battel, Sino -US BATTEL, the role of Singapore is even more obvious …
1. If you want to buy the "Southeast Asian Technology ETF", the reason is how good it is for the future development of Southeast Asia. I want to say that I don’t know!Because there are many countries covered by Southeast Asia, each country has its own political, economic, and cultural system. It really wants to explore the Southeast Asian economy, which is another topic.
As long as Southeast Asia has a "gap" with other mainstream economies and the economic growth rate is relatively high, I think there is room for rise.
2. Remind again, the "Southeast Asia Technology Index" increased by 312%after the bull market from 2020-2021, and it only retracted from the high point to 30%. ThereforeNot cheap.
However, in the past two years, the friends who bought A shares and Hong Kong stocks also felt that even if they kept saying "low valuations", it would not mean that the meeting rose.Therefore, looking at the valuation is just one aspect,
Third, compared with India and US stocks that have risen this year, the Southeast Asian Technology Index did not rise this year.I think it is affected by the Federal Reserve’s interest rate hike.Fortunately,
4. The business income of Southeast Asia Technology ETF (513730) component stocks mainly comes from: Indonesia, the United States, Singapore, Malaysia, Thailand.That is,
Kanpur Investment