Chinese telecom sector:3Q17results,key issues to look out fo

作者: 香港正版四不像图  发布:2019-09-24

Sector to demonstrate its growth potential; CM the top pick

The banking sector’s recovery is the single most critical driver for IT stocks in FY18-19, in our view. TCS (TCS IN, INR2,380, Hold) and Infosys (INFO IN, INR969, Buy)both have seen weakness in the banking vertical in recent quarters but do expectsome pick-up in spend as banks continue to do well. In that context, 2Q17 resultsfrom the top banks in the US are encouraging. As seen in Chart 1, in line with 2H16and 1Q17, top US banks reported improvements in revenue growth. After a 7

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