Search results for

Although Turkish equities are more volatile than those in most emerging markets, many banks are extremely bullish on Turkey, despite the lack of a local institutional bid and a falling pool of assets to privatise, reports Philip Moore.

According to a World Bank study, Morocco and Egypt have carried out the most privatisations in the Middle East and North Africa over the last decade. Morocco ’s privatisation programme overtook Egypt ’s privatisation in 2000 following the privatisation of its telecommunications sector. The World Bank report said that in the past 15 years, around 310 privatisations were finalised in the region, worth about $20 billion.

JPMorgan has hired Citigroup's Matt Cherwin to head its asset-backed securities trading group, which will include synthetics and secondary CDOs. Cherwin is on gardening leave and could not be reached. Brian Marchiony, JPMorgan spokesman, said he will report to Bill King and Christine Cole, co-heads of JPMorgan's securitized products business, who were unavailable for comment. Joseph Christinat, Citi spokesman, did not return a phone call.

Sustained growth has caused China's consumer sector to attract the attention of foreign and domestic players since 2004, with the focus this year being on small and medium-sized companies, reports mergermarket.

Emerging markets are where this Indian heavyweight is building its business, with an order book that stretches into the future.

John Grayken, founder and managing partner of US distressed asset investment company Lone Star, shares his opinions with Asiamoney about disgraced former Korea head Steven Lee, anti-foreign investor sentiment and Lone Star's future in the country.

Not yet three years old, India's Yes Bank has already listed on the stock exchange and seen its shares hold up well in the recent market decline. What's more, it's built a strong loan book and branch numbers are set to climb, while Indian growth prospects augur well for the future.

Private equity players have arrived in India en masse. And it's not just the well-trodden areas of IT and outsourcing that are attracting attention. Chris Wright reports.

Walt Disney denies talks with Malaysian government, and McDonalds and Tesco expand. And while Malaysia Airlines aims to cut workforce, KPJ Healthcare seeks to boost size of shari'ah-compliant Reit.

Were these short term corrections, or do you believe this is a trend that will continue for the rest of the year? Which markets will experience the most stress?

After a spectacular rise in 2005 – and respectable returns so far this year despite the recent corrections – it seems fair to ask just how much further the bull market in Australian equities has to go. The proposed merger between SFE Corporation Limited (SFE) and Australian Stock Exchange Limited (ASX), who recognize that they face potential challenges from "global exchange consolidation", raises other questions. Asiamoney asked four of the leading institutional investors in Australia, and of one of the major stockbrokers, for their views.

Powertech isn't a household name in the technology investment community. Its market cap is 38 times smaller than TSMC's and it doesn't show up in the coverage of many of the best regional technology analysts in Asia. But it ranks in the top 10 in Asia by return on equity, and just outside it by earnings-per-share growth. First-quarter revenues were up 39% year on year with gross margins of 33%. What's its story? Powertech is in assembly and testing, often known as the back-end part of the semiconductor industry or, inevitably, by an acronym: OSAT (outsourced semiconductor assembly and testing). This is big business: a recent report by Seepa Kurup, a research analyst at Frost & Sullivan Asia-Pacific, concluded the OSAT market is "growing at a rapid pace and is expected to outgrow the semiconductor industry".