Energy stocks, which have returned 54 percent more on a risk-adjusted basis than any other industry in the Asia Pacific in the past decade, are trading at valuations 22 percent below their historic average, luring IG Investment Management Ltd. and Lion Global Investors Ltd.
Forget spreadsheets. Yankun Hou, an award-winning auto industry analyst at UBS AG, counts Toyotas and BMWs in the parking lots of car factories in China using satellite images from Google Maps to gauge inventory buildups.
Erwin Sanft, deputy head of Asian Equities Research at BNP Paribas SA in Hong Kong, comments on the European sovereign debt crisis and Asian equities in an interview on Bloomberg Television today in Hong Kong.
Erwin Sanft, chief strategist for pan-Asia equities at BNP Paribas SA, comments on Asian equities in an interview on Bloomberg Television in Hong Kong. He is overweight on China, India and South Korea, meaning investors should buy more shares than are represented in benchmark indexes. He is underweight on Indonesia, an equivalent of a sell rating.
China stocks rose, with the benchmark index extending a monthly rally, after manufacturing expanded at the fastest pace in six months and companies from China Shenhua Energy Co. to China Construction Bank Corp. posted higher profit.