Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ investors directed to high growth countries

News release

NZ investors directed to high growth countries – Indonesia rated No. 1

22 November 2012

New Zealand investors should consider focusing on “high growth” countries such as Indonesia, Myanmar and Malaysia rather than concentrating on markets such as India and China, according to Grant Thornton's 2012 Global Private Equity Report.

The report, based on 143 in-depth interviews held with senior private equity practitioners around the globe, outlines a backdrop of deteriorating sentiment around the global economy.

Russell Moore, Transaction Advisory Services Partner, for Grant Thornton New Zealand Ltd, said that the report highlighted a realisation that the speed of growth in booming markets such as India and China has slowed noticeably and they were not immune from the impacts of the global downturn.

“While the sentiment is negative, it is not necessarily all gloom and doom. Western Europe is expected to remain subdued with only 27% of respondents predicting an increase in investment activity over the next 12 months. This contrasts with North America, where 59% of respondents predict an increase and the Middle East and North Africa where 60% expect an increase,” he said.

Growing economic powerhouse Indonesia, with a population approaching 250 million, is rated No. 1 amongst the high growth markets for private equity investment in the survey.

“New Zealand investors should look closely at the survey’s top 10 ranked countries - Indonesia, Peru, Colombia, Turkey, Myanmar, Egypt, Saudi Arabia, Mexico, Ghana and Malaysia.

“You only need to look at the visit this week of Prime Minister John Key and President Obama to Myanmar to understand why it might be on this list. Located at the eastern edge of India, south of China and west of Thailand and rich in minerals, it is slowly emerging from 50 years of military rule. New Zealand already has a presence in this country with Fonterra and Beca leading the way.

“Turkey, Egypt, Saudi Arabia, Mexico and Malaysia are all countries that are well understood by New Zealand investors and while a move to such unknown territories may be a risk too far for many, there are private equity funds that are active in these regions.

“For investors looking at these regions, they should look for private equity firms with a successful track record, a coherent strategy and a quality team that can deliver that strategy,” he said.

- ends –

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Drones: First Certificate Issued Under New UAV Rules

Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say the first certified flight of an unmanned helicopter under new aviation rules is a great example of how they can enable commercial use. More>>

ALSO:

GE Swedes And Cow Deaths: Plant Analysis Backs Up Earlier Advice

The industry body is recommending that farmers do not feed Herbicide Tolerant (HT) swedes to cows in spring when the animals are in late pregnancy or early lactation. DairyNZ is also advising caution if farmers are considering other leafy varieties. More>>

ALSO:

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news