Asean firms financially healthy due to low leverage, robust revenue: study
Thai corporates ranked the strongest and Vietnamese the worst, with Singapore companies coming in third place
Singapore
ASEAN companies are in sound financial health, according to a new study by asset management and financial advisory firm Natixis. Low leverage and strong revenue generation by these firms enable them to withstand external shocks - possibly even better than their China counterparts.
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis, said that there is only so much Asean corporates can leverage on, as there are more financial constraints in Asean corporates than Chinese corporates because the Asean domestic financial sector - bond and stock markets - are so much smaller.
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