Erwin Sanft News
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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.
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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.
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Asian stocks fell as UBS AG cut its profit outlook for BHP Billiton Ltd. and the Bank for International Settlements said central banks are facing the limit of their ability to boost economic growth.
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China’s stocks will extend the steepest rally in 15 months after companies reported improved cashflow in the third quarter, according to BNP Paribas.
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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.
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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.
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Rubber dropped for a second day as the sovereign debt crisis in Europe raised concern that demand for the commodity used for tires may weaken.
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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.
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China’s stocks rose for the first time in four days as faster-than-estimated manufacturing growth signaled tightening policies haven’t curbed economic growth.
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Asian stocks fell, with the benchmark index set for its lowest close in a year, amid speculation Greece may be nearing a default on its sovereign debt, bolstering concern that the crisis will spread.
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