Countries
Thailand Appears Unattractive in Asia
Overall, Thailand appears unattractive in Asia considering all our four elements: Fundamentals, Valuation, Momentum, and Risk (FVMR). As of 3Q19 Thailand has moderate GDP growth; slowdown from as of 2Q19, 1Q19, and 4Q18.
Read MoreThailand Appears Moderately Attractive in Asia
Overall, Thailand appears moderately attractive in Asia considering all our four elements: Fundamentals, Valuation, Momentum, and Risk (FVMR). GDP growth in Thailand is moderate, driven by investments and private consumption.
Read MorePhilippines Appears Expensive and Relatively Unattractive
Overall, the Philippines appears relatively unattractive in Asia. But the Consumer Discretionary sector went up by 312% and Info Tech went up by 118% in the past 90 days. What happened?
Read MoreModerate Attractiveness Driven by Low Risk in Malaysia
Malaysia has relatively fast GDP growth, driven mainly by private consumption and private investments. Malaysia is not cheap on PE or PB. Fundamentals aren’t impressive, slightly below Asia ex Japan, but decent dividend yield.
Read MoreSingapore Is Relatively Cheap, but Only Moderately Attractive
Singapore has moderate GDP growth, driven by the private sector. Singapore’s 2018CE* 13.9x PE is in line with Asia ex Japan and below ASEAN. EPS growth is in line with Asia ex Japan for 2018CE* but above ASEAN.
Read MoreIndonesia Has the Highest Profitability in Asia
Indonesia has good GDP growth, driven mainly by private consumption and secondly investments. Indonesia has the highest ROE in Asia. This is also reflected in the valuation, Indonesia’s 2018CE* 2.9x PB is the highest in Asia ex Japan.
Read MoreThailand Appears Most Attractive in Asia
GDP growth in Thailand is moderate, driven by investments. The Thai market trades slightly above Asia ex Japan and in line with ASEAN markets at 2018CE* 15.6x PE. Overall, Thailand appears most attractive in Asia.
Read MoreMalaysian Stocks: Valuation above Average, Growth below Average
Malaysia’s GDP has been growing at a steady clip just above 5% over the last four quarters. Overall, Malaysia is relatively unattractive, considering FVMR. Earnings are expected to see a slight fall in 2017.
Read MoreThe Philippines Offers a Fast Growing Economy with Expensive Stocks to Boot
At 6.6%, The Philippines has the second fastest GDP growth in Asia (only India’s is faster). Overall, it’s a moderately attractive market in Asia. The Philippines totes the highest valuation in Asia on a price-to-earnings basis at 21x in 2017CE*.
Read MoreAs Cheap as It Is, Singapore Fails to Draw Interest
Singapore’s GDP has been growing at a slow pace of late, 2.4% over the last four quarters. The market remains relatively cheap, considering its price-to-earnings ratio relative to Asia. Its PE is expected to sit below 15x for the year.
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