Asian stock markets seen almost 30% undervalued

Credit Suisse has raised its 12-month target for the MSCI Asia ex-Japan index by a full 100 points to factor in expected earnings growth next year. In particular it favours stock markets in South Korea and Indonesia.

  • 03 Dec 2009

Credit Suisse has raised its 12-month target for the MSCI Asia ex-Japan index by a full 100 points on the understanding that regional equity markets are still undervalued.

The Swiss bank upgraded its target for the index to 600 points, from 500 points previously, it revealed at a media ...

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 JPMorgan 20,331.89 64 9.88%
2 HSBC 20,253.12 105 9.84%
3 Citi 19,913.70 83 9.67%
4 Bank of America Merrill Lynch 15,791.00 54 7.67%
5 Deutsche Bank 10,729.55 33 5.21%

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1 JPMorgan 9,137.82 13 8.21%
2 Bank of America Merrill Lynch 6,241.59 12 5.61%
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4 Citi 5,861.17 11 5.27%
5 HSBC 5,627.99 11 5.06%

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1 Citi 7,307.53 29 8.12%
2 JPMorgan 5,664.61 22 6.29%
3 Barclays 3,179.37 14 3.53%
4 HSBC 2,923.63 24 3.25%
5 Bank of America Merrill Lynch 2,829.46 9 3.14%

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1 SG Corporate & Investment Banking 1,884.61 9 11.94%
2 UniCredit 1,861.19 11 11.80%
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5 Mitsubishi UFJ Financial Group 971.54 4 6.16%

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3 ICICI Bank 812.36 20 8.05%
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5 HDFC Bank 671.11 26 6.65%