Chart of the Day
Asia ex Japan Contributes 60% of Global Merchandise Exports
Chart of the Day: Global merchandise exports at US$250bn, Asia ex Japan contributes 61% of world value. Merchandise exports are retail goods exported to foreign markets.
Read MoreRisk in Asia: India Has the Highest Gearing
Chart of the Day: India has the highest gearing measured as net debt-to-equity, followed by the Philippines. Taiwan’s low gearing is explained by its large Info Tech sector.
Read MorePhilippine and Chinese Banks Have Seen Double-Digit Loan Growth
Chart of the Day: In the past 12 months, the Philippines and China have seen double-digit net loan growth. Only Malaysian banks have seen a decrease in net loans.
Read MoreEmerging Asia Offers Cheap Valuation and Strong Earnings Growth
Chart of the Day: Emerging Asia offers the highest EPS growth and a relatively cheap valuation. Developed Pacific, which includes Hong Kong and Singapore, offers the second highest growth and attractive valuation as well.
Read MoreUS, China, Japan, and UK Are the Four Largest Markets in the World
Chart of the Day: In 2016, the four largest stock markets accounted for 63% of the world market capitalization. 2017YTD the market cap in these four stock markets have seen double-digit growth.
Read MoreUS 100+ Month Bull Stampede to End Soon
Chart of the Day: Of the last three stock market rallies, this is the longest at 103 months. US CAPE moved from 13x to darn expensive at 30x. Rally was partially fuelled by near-zero interest rates.
Read MoreKorea Still Appears Most Attractive in Asia
Chart of the Day: Korea tops the list driven by cheap valuation and good price and earnings momentum, followed by China. Thailand has moved to attractive due to low volatility and moderately attractive fundamentals and valuation.
Read MoreFalling US Dollar Means Everything Else Rises
Chart of the Day: Negative correlation, if the US Dollar Index falls, most asset classes should rise. Emerging Markets stocks have the most negative correlation; should perform the strongest if US Dollar continues to fall.
Read MoreUS Dollar Fall—Unattractive for Foreign Investors
Chart of the Day: The US dollar has weakened year-to-date against all currencies as well as against all Asian currencies. Investing in US assets could hit twice as hard with loss in value of asset and loss in value of US dollar.
Read MoreEarnings in Thai Non-Financials Have Started to Turn
Chart of the Day: In 2012, earnings rebounded following the flood in 2011. Year-to-date, Thai non-financials grew earnings faster than the global average and Asia has been flat.
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