JPMorgan says you should be putting your money in these Southeast Asian stocks

An investor watching share prices at the securities trading floor of Asia Commercial Bank in Hanoi, Vietnam.SINGAPORE — Stocks in Southeast Asia have underperformed the broader regional markets this year, but JPMorgan says the worst may be over — and some sectors and companies are looking attractive.

Foreign investors retreated from Southeast Asian stock markets in the last few months as heightened uncertainties caused by the coronavirus pushed them to seek safer investments elsewhere. "We believe that the worst is probably over for ASEAN but the path and speed of recovery still remain a concern," JPMorgan strategists said in a note last month, referring to the Association of Southeast Asian Nations.

The U.S. bank said investors should be looking more into sector allocation rather than just country allocation. Across sectors in the region, JPMorgan is underweight on financials and industrials.

Pro Did they go long on thos positions just before publishing?

Pro Bitcoin

Pro $SE

Pro We will be literally buying it from JP Morgan waiting to unload their holdings. Thanks but no ✌🏼

Pro Run from whatever JP Morgan recommends.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Johnson & Johnson, Blackrock, JPMorgan ChaseThese are the stocks posting the largest moves before the bell. ZekeEmanuel is a Communist trying to turn the US into a socialist society. PS he's also a billionaire. 🤔 DontTellChina He was the Chief of the ACA. DemocratsAreCommunist
Source: CNBC - 🏆 12. / 72 Read more »

China gains hoist Asian stocks to two-year peakChinese stocks led Asian markets higher on Monday as investors bet on a steady recovery for the world's no. 2 economy, though caution about the fate of U.S. stimulus kept the dollar firm and a central bank policy tweak unwound some of the yuan's gains.
Source: Reuters - 🏆 2. / 97 Read more »