Countries
Economy Gearing Up in Malaysia for 2017
Malaysia’s GDP made a run for it in the first quarter of 2017, clocking in at 5.6%—a rate not seen since the first quarter of 2015. Overall, Malaysia is relatively unattractive in Asia, considering all our four elements: Fundamentals, Valuation, Momentum, and Risk.
Read MoreSingapore: Still Cheap, but for a Reason
Overall, Singapore is experiencing slow GDP growth. The market trades cheap, but worst momentum in Asia due to poor earnings growth and price momentum.
Read MoreTaiwan: Attractive Valuation but Poor Momentum
Overall, Taiwan is experiencing slow GDP growth. Earnings growth has been poor, but on the positive side Taiwan has the highest dividend yield in Asia.
Read MoreThe Philippines: Solid Fundamentals but Still Expensive
Overall, The Philippines is moderately attractive in Asia considering all our four elements: Fundamentals, Valuation, Momentum, and Risk. It remains expensive on a PE basis, especially considering the relatively slow EPS growth
Read MoreChina: Attractive Due to Good Price Momentum, Low Beta
Overall, China is experiencing fast GDP growth with all pillars contributing to GDP growth, and private consumption contributing the most. China has good price momentum and high expected EPS growth.
Read MoreThailand: Moderately Attractive Due to Poor Momentum
Overall, Thailand has moderate GDP growth with an economy mainly driven by private consumption. Overall, Thailand is moderately attractive considering all our four elements: Fundamentals, Valuation, Momentum, and Risk.
Read MoreThailand Is Second Most Attractive in Asia
Overall, Thailand is the second most attractive market in Asia and GDP growth is mainly driven by exports. Investment is, however, a drag on GDP growth.
Read MoreTaiwan’s High-Risk, High-Yield Market
Overall, the Taiwanese economy has been growing fairly slowly. Exports and investment are dragging on growth in private consumption. Taiwan’s forward-looking dividend yield is the highest in Asia.
Read MoreSingapore, a Heavy Exporter at a Low Multiple
Unlike most of its peers in Asia, who are often led by private consumption, the Singapore economy is driven by net exports. Singapore has a cheap valuation as a whole due to relatively weak fundamentals.
Read MoreThe Philippines: Falling from Grace
High growth remains a feature of The Philippines’ economy, however, strong private consumption and investment have been greatly reduced by a severe trade deficit. The country has the highest valuation in Asia.
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