Whilst we have no crystal ball and cannot predict the future (if we could we would give up our day jobs as business editors), we have talked with some of the world’s largest investment banks to come up with a list of some of their best ideas for 2020. Sometimes the banks are in agreement, and sometimes not. But whichever way you choose to invest your money, we wish you good luck and all the cunning you can muster in the year of the rat.
Idea 1: Buy China stocks, sell Southeast Asian stocks
Credit Suisse says it prefers North Asian markets, particularly China, over South Asian ones to take exposure to potential cyclical recovery.
Within this market, China property is their preferred sector. They expect authorities to support real estate investment growth in 2020, with some local governments already loosening demand-curbing measures with the relaxation of its Hukou policy. Its analysts expect revenue and earnings to grow by 21% and 18% in 2020, respectively. “Valuations are at attractive levels. If policies are relaxed, valuations could mean-revert to their historical average, offering a 20% upside. Property stocks also pay a high dividend yield of 6.3%,” they noted.
Idea 2: If you must buy ASEAN stocks, buy Singapore
Amongst ASEAN markets, Singapore is Credit Suisse’s pick of the bunch. They expect Singapore equities to perform in line with regional markets in 2020 as the subdued growth environment continues to cap upside for the market despite their favourable valuation.
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