Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Arrival
  6. News
  7. Summary
    ARVL   LU2314763264

ARRIVAL

(ARVL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. business optimism in China rebounds to pre-trade war levels -survey

09/23/2021 | 12:08am EDT
FILE PHOTO: People walk past an office compound in Beijing's Central Business District (CBD),

SHANGHAI (Reuters) - U.S. companies' optimism about business conditions in China has recovered to hit three-year highs even though the firms have reservations about Beijing's COVID-19 policy, an annual survey showed on Thursday.

Beijing's wide-ranging crackdown on companies has also unnerved U.S. firms, an American industry lobby executive said.

The American Chamber of Commerce in Shanghai, which conducted the survey with consultancy PwC China, attributed the renewed optimism to rising revenues as well as ebbing concerns over the COVID-19 pandemic in China, which has largely gotten control over its spread with a zero-tolerance policy.

U.S.-China relations reached a nadir in 2019 during the Trump administration, which launched a bruising trade war with China and also floated sanctions toward some of China's highest-profile tech companies.

The Biden administration, however, has shown more reservation towards taking direct action against Beijing, though relations remain tense.

"Business in China recovered quickly from last year's lockdown," said Ker Gibbs, president of the American Chamber of Commerce in Shanghai which published the survey that was conducted between mid-June and mid-July.

"However, we are still feeling the pandemic's effects, with members continuing to be negatively impacted by China's travel restrictions. Overall business performance is good but there are signs of nervousness."

Of the 338 respondent companies, 78% described themselves as "optimistic or slightly optimistic" about their five-year business outlook in 2021, nearly 20 percentage points more from 2020 and a return toward 2018 levels, the survey said.

By contrast, in 2021, 10% of respondent companies described themselves as "pessimistic" about their five-year outlook, compared to 18% and 21% of respondents in 2020 and 2019, respectively.

But firms expressed reservations toward some Chinese policy in the aftermath of COVID-19, especially with respect to hiring labour, the survey said.

About two-thirds of respondents said they plan to increase their China headcount this year, a 31.4 percentage point increase from 2020, but 62.3% of respondents described workforce availability as posing some hindrance or a serious hindrance to operations.

China's borders remained closed to most visitors without proper work and residence permits, and all entrants must complete at least two-week quarantine upon arrival.

Companies also reported a slight dip in policy transparency. In 2021, 46.7% of respondents called the regulatory environment transparent, down from 51.4% the year prior.

Those figures come during a year of ongoing regulatory tightening from Chinese authorities targeting a range of industries, as well as the implementation of new laws governing data privacy and data security.

"Further hindering our members, many regulatory changes were enacted after our survey closed. While well-intentioned, they were announced with little or no warning, which has unsettled companies," Gibbs added.

(Reporting by Josh Horwitz; Editing by Muralikumar Anantharaman)


ę Reuters 2021
All news about ARRIVAL
10/25In Ocado's world, the rise of the machines is unstoppable
RE
10/21Canada to Issue Travel Certificate Verifying Covid-19 Vaccination
DJ
10/20Biden pushes infrastructure in Pennsylvania as Democrats try to seal deal
RE
10/20PRESS RELEASE : WISeKey to introduce The Code to the Metaverse - Programming Our Future Fo..
DJ
10/20The bulls sharpen their horns
10/20PRESS RELEASE : Champions Oncology Expands Global Biomarker Capabilities with Opening of E..
DJ
10/20TALON ENERGY : Strike Energy Completes Site Works at Gas Discovery in Perth Basin, Western..
MT
10/15European Stocks Close Higher, Powered by Strong Earnings Amid Inflation Concerns
MT
10/15Spotify targets Africa for music streaming growth
RE
10/15UK to Receive US Travelers from Nov. 8
MT
More news
Analyst Recommendations on ARRIVAL
More recommendations
Financials
Sales 2021 - - -
Net income 2021 -1 113 M -1 291 M -1 291 M
Net cash 2021 90,0 M 104 M 104 M
P/E ratio 2021 -77,1x
Yield 2021 -
Capitalization 8 127 M 9 424 M 9 429 M
EV / Sales 2021 -
EV / Sales 2022 13,4x
Nbr of Employees 2 000
Free-Float 24,7%
Chart ARRIVAL
Duration : Period :
Arrival Technical Analysis Chart | ARVL | LU2314763264 | MarketScreener
Technical analysis trends ARRIVAL
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 13,10 €
Average target price 21,96 €
Spread / Average Target 67,7%
EPS Revisions
Managers and Directors
Denis Sverdlov Chief Executive Officer
Avinash Rugoobur President & Director
John K. Wozniak Chief Financial Officer
F. Peter Cuneo Non-Executive Chairman
Sergey Malygin Executive Vice President-Technology
Sector and Competitors
1st jan.Capi. (M$)
ARRIVAL0.00%9 784
TESLA, INC.44.32%1 014 627
NIO INC.-16.97%67 626
XPENG INC.5.86%41 153
LI AUTO INC.18.80%34 804
NIKOLA CORPORATION-28.96%4 405