Mac Murray

Archive for the ‘EMERGING Markets’ Category

Mobius on Emerging Markets

In EMERGING Markets, INTELLIGENT Investor, Investment GIANTS on January 1, 2010 at 9:31 PM

Mark Mobius, of Franklin Templeton, keynote speaker at the 9th Asia-Pacific Investment C0nference, October 2009 in Manila.

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The Post American World

In DEEP Investing, EMERGING Markets, INTELLIGENT Investor on December 12, 2009 at 10:07 AM

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more about "The Post American World", posted with vodpod

“The Emerging Markets Century”

In EMERGING Markets on December 7, 2009 at 11:13 AM

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Chinese Blue Marble Half Slice

“This phenomenon will define our age more than anything…the biggest shift in the global economy and in global power since the industrial revolution.”

–Antoine van Agtmael,  coiner of  the term “emerging markets”

Chinese Blue Marble Half Slice

See the full video at FORA.tv:  “The Emerging Market Century”

Highest Year-to-Date Returns in 10 Years as of November 15 2009

In EMERGING Markets, INTELLIGENT Investor on November 17, 2009 at 9:58 AM

Presenting the highest year to date returns in 10 years.  If your funds are languishing in a savings account or time deposit, read ’em and weep.

. Read the rest of this entry »

ASEAN Trading Link Welcomes Hochiminh Stock Exchange

In EMERGING Markets, PSE CURRENT Affairs on September 21, 2009 at 12:06 PM
ASEAN Trading Link welcomes the Hochiminh Stock Exchange

ASEAN Trading Link welcomes the Hochiminh Stock Exchange

Five ASEAN exchanges – Bursa Malaysia, the Indonesia Stock Exchange, the Philippine Stock Exchange, Singapore Exchange Limited (SGX) and the Stock Exchange of Thailand entered into an Accession Agreement with the Hochiminh Stock Exchange today that will include the latter in a regional pact which will explore cross-border trading amongst the ASEAN capital markets via an electronic gateway. Read the rest of this entry »

Stock Market Diagnostics by Paris Murray: Sept 16 2009

In EMERGING Markets, PSE CURRENT Affairs on September 17, 2009 at 12:00 AM

Market Diagnostics

Chinese Blue Marble Half Slice

“The Market tells you where your market is, and you’d d••n well better listen.

–Jim Clark

Chinese Blue Marble Half Slice

Assessment and Outlook

Cautiously optimistic.  As of September 10, the NYSE Composite Index and the Nasdaq Index are at their highest levels of the year.  Emerging Markets are boasting the best year-to-date returns of the last 10 years, as are the ASEAN markets .  2009 is the Philippine Composite Index’s best performing year-to-date over the past 5 years.  All this suggests a strong 4th Quarter.

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MSCI Emerging Markets Index through September 5, 2009

In EMERGING Markets on September 5, 2009 at 5:14 PM
Morgan Stanley Capital International Emerging Markets Index through September 1, 2009.

Morgan Stanley Capital International Emerging Markets Index through September 1, 2009.

MSCI Emerging Markets Index through August 1 2009

In EMERGING Markets on August 1, 2009 at 7:45 PM
MSCI Emerging Markets Index to August 2009

MSCI Emerging Markets Index to August 2009

Source: Bloomberg

JP Morgan turns ‘very bullish’ on Philippines

In EMERGING Markets, PSE CURRENT Affairs on May 19, 2009 at 4:04 PM
J.P. Morgan Securities Philippines, Inc.

J.P. Morgan Securities Philippines, Inc.

MANILA, Philippines — Global financial services giant JP Morgan is telling investors to fatten their exposure in the Philippines, saying the country’s prospects are boosted by low interest rates, a strong peso, reforms in the power sector, an encouraging mining industry, and government mega-infrastructure spending.

JP Morgan is keeping its “overweight” call on the Philippines and advises investors to increase their holdings in the country, JP Morgan Securities (Asia Pacific) Ltd. chief Asian and emerging markets equity strategist Adrian Mowat said after an investor conference late Thursday.

It was JP Morgan’s first investor conference in the Philippines since the 1997-98 Asian economic crisis affected the country. The conference attracted around 80 fund managers, mostly from abroad.

“Now, investors are waking up to this market and people are increasingly going to a plane and coming back to Manila,” Mowat said.

“You live in a relative world when you look at emerging markets,” he said. “The Philippines started performing only in August last year. The reforms in the power sector are all relatively new, the movement in onshore bond yields is relatively new.”

JP Morgan Securities Philippines Inc. head of equity research Kelly Lim-Bate said there were four key drivers that would keep investors glued to the Philippine growth story this year.

She said these were a strong peso because of the country’s similarly robust balance-of-payments position; interest rates that would continue to be low and in turn spur loan growth; the government’s P1.7-trillion infrastructure spending program; and foreign direct investments coming back into the country, specifically in manufacturing, power and mining.

Source: Inquirer dated May 19, 2009

Ackerman, Summit and 2TradeAsia Weigh In on ASEAN Trading Link

In EMERGING Markets, PSE CURRENT Affairs on November 1, 2008 at 3:55 PM
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MANILA, Philippines – The proposed regional stock market will have to address regulatory differences, agree on a common currency and trading technology, and inform the current pool of investors about opportunities in the integrated bourse before it can take off, analysts said Monday.

Southeast Asian regulators must particularly lay the ground rules, starting with the currency to be used, Harry Liu of brokerage Summit Securities said in an interview.

Mr. Liu said the integration of the stock exchanges is a good idea, but regulators should carefully study how it will be implemented.

He noted that while it provides opportunities for some local firms, it can also disadvantage others since companies will start competing with more developed firms in more advanced economies like Singapore.

The board of the Philippine Stock Exchange (PSE) has approved the local exchange’s participation in a scheme allowing cross-border trading.

The tie-up is meant to allow exchanges in the region to deal with global pressures as a group. Regional bourses have been pummeled by the chaos on Wall Street following the collapse of major US investment banks.

The so-called ASEAN Board will link the PSE with the Bursa Malaysia, Ho Chi Minh Stock Exchange, Indonesia Stock Exchange, Singapore Stock Exchange and the Stock Exchange of Thailand.

In a separate interview, Grace C. Cerdenia of brokerage 2TradeAsia expects participating countries to maintain their respective corporate regulators, even as she cited the need for a uniform regulatory format especially for settlement rules.

“If a Filipino investor opens an account in a foreign country for example, will he be bound by the settlement rules there or by the rules here? Will the proposed bourses have common rules?” she asked.

Irving I. Ackerman of brokerage Ackerman & Co., Inc. said integrating regional bourses would be easier to implement this time with the ease in procuring dollars now compared with two decades ago, when he claimed to have first proposed the integration of regional exchanges. But it would be up to the exchanges which currency to use, he added.

The three brokers agreed that the proposed regional stock market would not take away local capital from domestic companies and will give Philippine firms access to foreign capital.

In a telephone interview, PSE President and Chief Executive Officer Francis Ed Lim said he and his counterparts have yet to schedule a meeting where they will discuss how to go about with the integration. Under a proposed memorandum of agreement, participating exchanges will commit to the trading of 30 companies each.

Mr. Ackerman said it would be better for the Philippines to start first with 10 stocks that will assure investors a good return.

Some analysts earlier noted that while the integrated bourse could allow market participants to share expertise, local brokerages might also lose out if investors choose to transact with an overseas firm to buy Philippine stocks.