The market is not only based on yield, but also on growth. The market is anticipating that profit growth is going to improve.
More Quotes from Chris Reilly:
There is better confidence in Asia. Corporate profitability is improving, unemployment is falling, wages are rising, interest rates are low, and there's a willingness to buy into assets. People are getting their money out of saving and into assets otherwise they're competing with inflation.Chris Reilly
Andrew has an above average curve, a good change-up and he keeps his fast ball low so they don't hit it far.
Chris Reilly
I don't see anything slowing the drive of issuance. There's still significant growth left in Asia's REIT market.
Chris Reilly
It seems to sustain itself somehow, through the power of rock or something. It's definitely a wonderful thing for kids who want a place to play.
Chris Reilly
It is certainly important that they get it right this time round as the offering is big and will be closely observed by global investors and the media.
Chris Reilly
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