Now into its 22nd edition, the tongue-in-cheek forecast of the lunar year ahead predicts that industries related to metal and water will strengthen in the first half of the lunar year. Other than gold and silver, the auto, financial, gaming, transport and machinery sectors will prosper, CLSA predicts.
Fire will flare in the third quarter, aiding telecommunication,technology, utility sectors as well as oil and gas.
The monkey will then run amok in the final quarter of the lunar year--which ends on January 27, 2017--with things turning upside down for sectors related oil and gas, utilities, technology, telecoms and theinternet, predicts the brokerage. Sectors related to the metal element will come back in favor.
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