Countries
Taiwan Yields Put Rest of Asia to Shame
Taiwan’s GDP has been growing at a slow pace of late, 2.4% in the most recent quarter. Private consumption and investment have been the main contributors to GDP growth, but exports have put a slight drag on overall growth. Dividend yield remains the highest in Asia.
Read MoreProfits Beckon in the Emerald of the Equator
Indonesia’s GDP has been growing at a rapid pace, 5% over the past year. Private consumption and investment have been the main contributors to GDP growth, while government consumption has been slightly reduced, despite the government’s big plans for infrastructure and energy investments over the next five years.
Read MoreKorea Continues to Be the Most Attractive Market in Asia
Overall, Korea is the most attractive in Asia, driven by massive earnings growth and good price momentum. The “Korea discount” also remains, the market is still cheapest in Asia.
Read MoreHong Kong Has Strong Momentum but Overall Unattractive
Overall, Hong Kong is the second least attractive in Asia. EPS saw a slight recovery in 2016, but for 2017-2018CE* EPS growth is below the Asian average.
Read MoreThailand Appears Third Most Attractive in Asia
GDP growth in Thailand is moderate, driven by investments and private consumption. Analysts’ expect 2017-2019 EPS growth to be below the Asia ex Japan benchmark, however, dividend yield is expected to stay above Asia ex Japan.
Read MoreIndian GDP Growth Beat the Philippines by a Whisker
GDP in India still grow the fastest in Asia, beat the Philippines by a whisker. Consensus estimates have India as most expensive in Asia on price-to-book, but India also had the second highest return on equity in the past 12 months.
Read MoreChina: Momentum Still Going Strong
Overall, China appears attractive in Asia considering Fundamentals, Valuation, Momentum, and Risk. Main attractiveness is its strong price and earnings momentum.
Read MoreIndonesia, Getting Hotter by the Day
Return-on-equity is still the highest among its Asian neighbors, and the nation’s GDP is growing at a healthy 5% clip thanks to private consumption and investment.
Read MoreHong Kong: The Ugliest Girl at the Dance
Overall the GDP growth in Hong Kong is slow. Hong Kong is least attractive in Asia. Consensus estimates for 2017-2018 earnings growth sit below the Asian average.
Read MoreKorea Still the Most Attractive in Asia
The consensus EPS growth estimate in Korea for 2017 is a massive 40%, an attractive data point to be sure. Some investors may, however, take a wait-and-see approach to the new political establishment.
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