Home>Topics>>UPDATE 2-China's SAIC Motor f'casts over 40 pct rise in 2011 profit
UPDATE 2-China's SAIC Motor f'casts over 40 pct rise in 2011 profit
Reuters: Cyclical Consumer Goods
Tue, 31 Jan 2012
SHANGHAI/BEIJING, Jan 31 (Reuters) - Top Chinese automaker SAIC Motor Corp Ltd has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures.
Travel, food, and technology names look attractive as China's domestic consumer market grows, says Schroders' Virginie Maisonneuve, a subadvisor for Vanguard International Growth.