BFW 04/14 03:42 *MSCI EM INDEX YR-END TARGET RAISED 15% TO 1,200 AT JPMORGAN
MSCI Emerging Markets Index Offers 15% Upside by Yr-End: JPM
2015-04-14 04:15:41.715 GMT
By Jan Dahinten
(Bloomberg) -- Raises end-2015 index target to 1,200 vs
1,100 as price momentum combined with bearish positioning
provides powerful technical support, JPMorgan strategists led by
Adrian Mowat write in note.
* EM top 10 stocks: Samsung Electronics, Fubon Financial,
Steinhoff, Ping An Insurance, ICICI Bank, Grasim, Ayala
Land, Indocement, TSMC, Naspers
* Cites continued reform in India, Indonesia
* More dovish Fed provides relief to weaker emerging markets
FX, notably real, ruble, Turkish lira
* Overweight India, Indonesia, Philippines, Korea, Taiwan,
Turkey, South Africa
* Underweight: Brazil, Chile, Russia, CE3, Malaysia, UAE,
Qatar
* Risks incl. weak demand in EM, notably China
* NOTE: MXEF Index +9% YTD vs 4% gain in MSCI World Index, 10%
rise in MSCI Asia ex-Japan Index
For Related News and Information:
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To contact the reporter on this story:
Jan Dahinten in Singapore at +65-6212-1164 or
jdahinten@bloomberg.net
To contact the editors responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net
2015-04-14 04:15:41.715 GMT
By Jan Dahinten
(Bloomberg) -- Raises end-2015 index target to 1,200 vs
1,100 as price momentum combined with bearish positioning
provides powerful technical support, JPMorgan strategists led by
Adrian Mowat write in note.
* EM top 10 stocks: Samsung Electronics, Fubon Financial,
Steinhoff, Ping An Insurance, ICICI Bank, Grasim, Ayala
Land, Indocement, TSMC, Naspers
* Cites continued reform in India, Indonesia
* More dovish Fed provides relief to weaker emerging markets
FX, notably real, ruble, Turkish lira
* Overweight India, Indonesia, Philippines, Korea, Taiwan,
Turkey, South Africa
* Underweight: Brazil, Chile, Russia, CE3, Malaysia, UAE,
Qatar
* Risks incl. weak demand in EM, notably China
* NOTE: MXEF Index +9% YTD vs 4% gain in MSCI World Index, 10%
rise in MSCI Asia ex-Japan Index
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jan Dahinten in Singapore at +65-6212-1164 or
jdahinten@bloomberg.net
To contact the editors responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net