Credit Suisse maintains overweight on Malaysian stocks


  • Markets
  • Wednesday, 11 Sep 2019

Credit Suisse is maintaining its overweight on stocks in Taiwan, Singapore and Malaysia in its Asia stocks allocation.

KUALA LUMPUR: Credit Suisse is maintaining its overweight on stocks in Taiwan, Singapore and Malaysia in its Asia stocks allocation.

According to a Bloomberg report, South Korea stocks will gain from an improving outlook for the technology sector and reduced sensitivity to global currency movements, while macro disappointment will weigh on India equities.

It had upgraded South Korea stocks to overweight from neutral and cut India equities to market weight; no previous rating for Indian stocks given in note.

“Remain underweight on Thailand, Hong Kong/China, the Philippines.

“Recent trading patterns indicate that Asian equities are factoring in consensus bearish views, which could be mitigating impact of US-China trade war and yuan, ” it said.


   

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