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

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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.

 

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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.

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