Bursa Alert
Global Market
NewsMalaysia stocks 'overweight' at Goldman
Page 1 of 1
Malaysia stocks 'overweight' at Goldman
by hlk Tue 07 Jun 2011, 12:48
Malaysian and Indonesia shares were raised to “overweight” at Goldman Sachs Group Inc, which cited the domestic demand and prospects for medium-term “economic improvements” in the two Association of Southeast Asian Nation, or Asean, markets.
The brokerage lowered its rating on Thailand, citing the uncertainty amid impending elections, its sensitivity to oil prices and a lack of “top-down direction,” according to a report by analysts led by Timothy Moe.
“As global growth momentum slows, we believe Asean will come back into focus because of domestic demand, reminiscent of mid-2010,” the analysts said. “However, performance within Asean differs more than investors think. Since earnings are largely mid-cycle and valuations are generally fair, we believe economic and earnings factors will drive performance within Asean.” -- Bloomberg
The brokerage lowered its rating on Thailand, citing the uncertainty amid impending elections, its sensitivity to oil prices and a lack of “top-down direction,” according to a report by analysts led by Timothy Moe.
“As global growth momentum slows, we believe Asean will come back into focus because of domestic demand, reminiscent of mid-2010,” the analysts said. “However, performance within Asean differs more than investors think. Since earnings are largely mid-cycle and valuations are generally fair, we believe economic and earnings factors will drive performance within Asean.” -- Bloomberg
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Goldman Sachs revises GDP forecast for Malaysia
» Oil&gas stocks up on Goldman upgrade
» Malaysia to outperform in tough first quarter 2012, says Goldman
» Goldman Sachs Still Bullish on China Stocks
» Update Deutsche Bank hires Goldman Sachs's Malaysia head
» Oil&gas stocks up on Goldman upgrade
» Malaysia to outperform in tough first quarter 2012, says Goldman
» Goldman Sachs Still Bullish on China Stocks
» Update Deutsche Bank hires Goldman Sachs's Malaysia head
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|