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Despite further sales growth most businesses continue to operate on very tight margins due to fierce competition, while equity strength is below average.
An economic slowdown in China triggered by the Sino-US trade dispute would surely lead to lower demand for ICT exports to China and to other parts of Asia.
ICT continues to be characterised by stiff competition and cheap imports causing pricing pressures, especially for smaller IT resellers and distributors.
Payment experience over the past two years has been good and the level of protracted payments and insolvencies remains low compared to other industries.