$CapLand China T (AU8U.SG)$$Mapletree Log Tr (M44U.SG)$$Mapl...
A private survey showed China’s manufacturing activity expanded at its fastest pace in nearly two years, in contrast to an official reading.
The Caixin survey showed the headline seasonally adjusted manufacturing PMI rose to 51.7 in May from 51.4 the previous month, clocking its fastest pace since June 2022. It was also higher than a Reuters poll forecast of 51.5.
The private survey comes after official data on Friday showed China’s manufacturing sector unexpectedly contracted in May.
The Caixin survey also said sentiment among Chinese manufacturers remained positive in May amid hopes that market demand could improve both locally and abroad to support higher production this year.
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Deep Sea OP : Good news for businesses in China.
Kind Pumpkin : shifu today saw 134 135 accumulate time?
Deep Sea OP Kind Pumpkin : I see a long leg doji and inverted hammer for mapletree logistic. Good to accumulate and wait for the uptrend.