Synopsis Why do multinational companies, whose half of the products are outsourced to much smaller manufacturing units still enjoy a higher multiples than many others. Simple answer, they own the brands and hence the pricing power. There are many sectors where brands play an important role. Branded apparel space has seen many tailwinds, right from…
READ MOREChina’s blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody’s cut China’s credit outlook. Moody’s issued a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis…
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