China · CNBC Technology
Suzhou TFC Optical Communication — The Shenzhen-listed company sells parts and manufacturing solutions for producing the optical components
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◌ Single Source
The company generates about 7% of its revenue from the Middle East.
Key facts
- To identify stock opportunities, the strategists screened for Asia Pacific companies generating more than 5% of their revenue from the Middle East, and which had fallen by more than 5% from the end
- Following news Wednesday morning Asia time of a two-week ceasefire, the mainland China CSI 300 stock index and the Hang Seng Index rose over 4% and 3%, respectively, in a holiday-shortened week
- For China, the three names that had fallen more than 10% during the time of the study were: Horizon Robotics — The Hong Kong-listed automotive chipmaker sources about 10% of its total revenue
- Zoomlion Heavy Industry —The Hong Kong-listed construction equipment company generates about 10% of its revenue from the Middle East
Summary
A ceasefire in the Iran war signals a path toward a de-escalation of geopolitical tensions — and an opportunity to re-engage in Asia stocks. That's according to Morgan Stanley's Singapore and Hong Kong-based equity strategists, who expect investors to return to themes from earlier in the year around the artificial intelligence supply chain. Following news Wednesday morning Asia time of a two-week ceasefire, the mainland China CSI 300 stock index and the Hang Seng Index rose over 4% and 3%, respectively, in a holiday-shortened week. To identify stock opportunities, the strategists screened for Asia Pacific companies generating more than 5% of their revenue from the Middle East, and which had fallen by more than 5% from the end of February to April 7.