A visitor takes photos in front of a wood dragon themed sculpture showed to commemorate the upcoming Lunar New Year inside the flower dome at Gardens by the Bay in Singapore on February 1, 2024.
Roslan Rahman|Afp|Getty Images
Millions of Chinese worldwide are commemorating the Lunar New Year, ringing in the Year of the Dragon which is frequently viewed as advantageous and thriving in the Chinese Zodiac.
A brand-new year likewise brings various fortunes, some Chinese think, with lots of turning to speak with “fengshui” masters to identify what is to come.
Fengshui, which is actually equated as “wind-water” in Mandarin, is an ancient Chinese practice which looks for to keep a balance in between people and their environment. The 5 crucial elements â $” Â wood, fire, earth, metal, and water â $” are thought to be basic in producing consistency and some are turning to the ancient art to anticipate the future of financial activity.
In Maybank Investment’s fengshui report for 2024, its head of research study Thilan Wickramasinghe, together with fengshui master Ken Koh, have a look at which sectors will outshine and which will deal with headwinds in the Year of the Dragon.
‘Wood dragon’
2024 is the year of the wood dragon and will be “unique,” according to the report. It will be identified by all “yang” energies, which are symbolic of manly, rash, and significant choices.
The brand-new year likewise represents the start of a brand-new 20- year fengshui cycle, in which the fire component will be dominant. This will prefer markets that fall under the fire component, such as innovation, expert system, energy, and medication.
Fire, according to Koh, is a sign of financial activity, self-confidence and optimism.
While the international economy is most likely to be moderate in the very first half of the year, organizations in fire component sectors such as innovation, medication, home entertainment and travel will likely succeed from the start of the year. Maybank does likewise mention the insurance coverage sector will be a “star performer” this year.
“However, from June 2024, interest will put the shine back into business sentiments. As a result, the stock market and equities will see a wave of hope and confidence, leading to mergers, acquisitions and initial public offers.”
However, they alert that for markets under the fire component, the very first year into a brand-new duration of energies “always means changes and painful transitions.” As such, brand-new gamers are anticipated to go into, while others will fall out of the fire component organizations throughout the year.
Earth, metal and fire
Sectors under the earth component will likewise take advantage of the dominant fire component, Maybank stated, recognizing sector winners as waste management, property, information warehousing and city farming.
“Despite rising interest rates and inflationary costs, the dominant Earth industries have shown resilience and continue to break new grounds,” the Maybank report stated.
According to Maybank, with the pledge of alleviating rate of interest, lower inflation and excellent financial management in 2024, the assistance for earth markets, specifically residential or commercial property, will continue to increase.
The increase of fire energies in the next 20 years will likewise supply assistance for earth markets to progress into sustainable organizations, the report stated, and these organizations will add to society through using innovation and expert system.
Most especially, in markets under the metal component â $” such as banking, engineering, mining and automobile â $” Â the wood component will be popular and will bring success to the metal markets.
“Those who are well informed and courageous will be favored by fortune. The wealth potential will be revealed in July and will peak in November 2024,” the report mentioned.
Maybank stated this year provides a terrific financial investment chance for those who are prepared to get reasonable worths in the metal markets, including that the very first half of the year offers the very best chances. However, financial investments can use up to 5 years to be completely understood.
Water and wood sectors battle
While sectors in the earth, metal and fire components grow, some markets under the water and wood components might deal with difficulties in the Year of the Dragon.
2024 might bring difficulties for organizations under the water component, however they might still stay successful as they have the capability to adjust to various conditions, the Maybank report stated.
Notably, the report explained that the shipping sector will deal with some problems due to bothersome shipping lanes.
Other organizations under the water component â $” such as airline companies, cruise operators, lodging suppliers, and amusement park â $” will likewise deal with difficulties due to altering customer needs, however are still anticipated to flourish throughout the year.
Separately, organizations such as marine fisheries and aquaculture farming will see a boost in efficiency and production to satisfy around the world need, which will contribute to their bottom line.
Finally, wood component markets are anticipated to have a hard time in 2024, due to the strong impact of the fire, earth and metal components. But some intense areas still exist â $” and a few of the sector winners consist of education, fund management, and household workplaces.
In contrast with the favorable projection for the other markets, “wood industries will face difficulties in the second half of the year, and those who are looking for prospects must have the necessary resources to reach their goals,” according to the report.
“This will result in a lot of work, competition, and resource drain,” the report included. As such, organizations in the wood market must concentrate on things like sharing experiences, understanding openness, and providing fast outcomes.
