Countries
Lower Your Risk in Malaysia
Malaysia’s economy is growing relatively quickly at 4.25% in the third quarter but has slowed down slightly from the 4.59% rate in the second quarter of 2016. Overall, Malaysia is moderately attractive in Asia.
Read MoreHeading into 2017, China Remains Unattractive
The market appears to have returned to double-digit EPS growth this year, after earnings fell in 2014 and 2015. Yet stocks remain the second most expensive in Asia at 16x PE expected in 2017.
Read MoreIndonesia Features Highest ROE
Overall, Indonesia is seeing positive growth, and all pillars are contributing to GDP growth. Like most economies, Indonesia’s economy is mainly driven by private consumption and investment. Analysts expect Indonesia to deliver the highest ROE in Asia in 2017 at 16.1%.
Read MoreThe World’s Fastest Indian (Economy)
Normally used to sitting in China’s shadow, India has recently surpassed its cousin to become the fastest growing economy in Asia. This is mainly the result of heavy private consumption, but government consumption growth has also helped.
Read MoreDiscounted Growth on Korea’s Horizon
Overall Korea is the most attractive stock market in Asia considering all our four elements: Fundamentals, Valuation, Momentum, and Risk. Like years past, the infamous “Korea discount” remains a fact of life.
Read MoreHong Kong Has Moderate Momentum and Weak Profitability
Overall the GDP growth in Hong Kong is slow and the market is least attractive in Asia. Hong Kong has the lowest ROE in Asia, hence weak profitability and earnings fell about inline with Asia and the momentum in the market is moderately attractive.
Read MoreSingapore is Cheap valuation, But For a Reason
The GDP in Singapore is driven by private consumption and investment. Singapore is one of the poorest performing markets in Asia. Earnings fell in 2015 and are expected to develop poorly. Singapore is cheap on PB in line with a relatively low ROE.
Read MoreChina Has Poor Momentum and Is Moderately Attractive in Asia
The GDP in China is driven by private consumption and investment. China has low dividend yield and trades above Asia ex Japan on 16CE 15.5x PE. Looking at our FVMR, China is currently being rated as poor.
Read MoreTaiwan Offers Attractive Valuation in Asia
The GDP in Taiwan is driven by private consumption with exports lagging resulting in negative GDP growth. Earnings are expected to return in 2017 and Taiwan has dividend yield among the highest in Asia.
Read MoreIndonesia Has Strongest Fundamentals in Asia
The GDP in Indonesia is driven by private consumption. Indonesia has delivered the highest ROE in Asia and consensus forecasts show it is expected to continue. This is reflected in PB being among the three most expensive in Asia.
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