Corporate cap-ex seen as financial sector’s next driver
From the seizure of capital markets to the re-emergence of liquidity, Asia’s banking sector has been on a round-trip. J.P. Morgan’s Sunil Garg, voted best bank analyst for the fourth year running in Asiamoney’s Brokers Poll, believes corporate cap-ex will be the next big trend.
Asia’s banking sector has been on a stomach-churning round-trip over the past year or so.
Sunil Garg, J.P. Morgan’s head of Asian financial equity research, recalls that the world looked to be coming to an end in the last quarter of 2008 and the first quarter of 2009.
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