Goldman Sachs : Asia: Domestic demand to drive differentiation; China, India, Indonesia best positioned
Macro data are increasingly turning positive, but markets have moved strongly
to price that in throughout the region. We think now is a good time to focus
more on differentiation within the region rather than simple “risk-on” trades
across the whole region.
We continue to believe that the primary factor to focus on is domestic demand.
With that in mind, we have 1) built a new diffusion index to monitor the turn
in the macro data; 2) estimated the rolling combined fiscal and monetary
stimulus in a consistent way across the countries and across the different
types of policies; and 3) compared that combined stimulus to the underlying
shock faced by each country.
Conclusion: China, India and Indonesia remain the strongest countries when
comparing the combined stimulus with the underlying macro shock. The resulting
domestic demand resilience there should help support equity markets in these
countries. The delta relative to the recent past is greatest for India and
Indonesia. We remain positive on the outlook for the IDR, and also see the INR
as also well positioned on a relative basis.
Diposkan oleh BRIGHT INFO di 05:33 0 komentar 
Label: Goldman Sachs : Asia: Domestic demand to drive differentiation; China,
India, Indonesia best positioned
Sent from my BlackBerry®
powered by Sinyal Kuat INDOSAT
-----Original Message-----
From: Cougar Boy <boysngi...@gmail.com>
Date: Sun, 17 May 2009 07:29:37
To: <obrolan-bandar@yahoogroups.com>
Subject: [ob] Salah satu hasil road show EL
Temasek Sells Bank of America Stake, Looks to China (Update2)
<javascript:togShareLinks('shr_v');>
http://www.bloomberg.com/apps/news?pid=20601109&sid=amntz8g737uY&refer=home
May 15 (Bloomberg) -- Temasek Holdings
Pte<http://www.bloomberg.com/apps/quote?ticker=TMSK%3ASP> sold
its 3.8 percent stake in Bank of America
Corp.<http://www.bloomberg.com/apps/quote?ticker=BAC%3AUS> at
a loss that may total $4.6 billion, as the Singapore state-owned fund shifts
bets from Wall Street to emerging markets.
.............................
[?][?][?][?][?]
<<32B.gif>>
