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Post by Fletchsmile on Apr 10, 2015 13:08:02 GMT 7
Perhaps news of the Polish pikey is spreading... Extracts and link below ---------------------------------------------------------------------------------- Foreign investors shun SET 10 Apr 2015 at 06:00 NEWSPAPER SECTION: BUSINESS | WRITER: NUNTAWUN POLKUAMDEE The Thai stock market bucked the regional trend after foreign investors cashed out US$257 million in the first quarter. Indonesia, the Philippines, Vietnam, Taiwan, India and South Korea attracted offshore funds with net inflows of $436 million, copy.07 billion, copy2 million, $4.23 billion, $5.82 billion and $2.62 billion, respectively, according to a Stock Exchange of Thailand (SET) statement. ... The top designations for FIF investment in the first quarter were China with inflows of 7.3 billion baht, followed by Japan at 2.7 billion and stocks in Asia Pacific ex-Japan at 2.02 billion. The sweetest spot for FIFs last year was Europe. Morningstar noted that European equity funds led the way with 11.2% returns on average, followed by Japanese equity funds at 9.06%, while oil funds performed the worse with a minus 13.9% return. www.bangkokpost.com/business/news/524175/foreign-investors-shun-set. Please credit and share this article with others using this link. View our policies at goo.gl/9HgTd and goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.
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Post by Fletchsmile on Apr 14, 2015 11:08:40 GMT 7
While Thailand's SET is struggling a bit this year, looks like others are stepping up to compete for investment. I've been a big fan of the Thai market since the late 1990's. I have to say though, in recent years I think Vietnam, Indonesia, Philippines are definitely worth considering. They remind me of Thailand a decade or so back, with some great opportunities. Cheers Fletch ----------------------------------------------- Foreign stock investors like Indonesia...but love Philippines
By Neil Jerome Morales MANILA, April 13 (Reuters) - Net foreign purchases of Philippine shares jumped to $1.1 billion in January-to-March, the highest for any quarter in almost three years and more than twice the net volume of funds flowing into Southeast Asia's biggest economy Indonesia. Government stimulus programmes in Japan and Europe have unleashed a global flood of liquidity. Investors have flocked to the Philippines, drawn by strong corporate earnings, analysts say. The broad market index in Manila has clocked 27 record finishes so far this year. The benchmark has also been boosted by the increased weighting of the country in the MSCI Emerging Markets and MSCI Asia ex-Japan indexes in February. "We see lots of funds coming into Asia, and particularly, in the Philippines. That's why index shares are being pushed up," Rafael Algarra, executive vice president of Security Bank Corp's treasury division, told Reuters. In contrast, Indonesia and Vietnam posted $416 million and $18 million in net foreign stock buying, respectively. Thailand recorded $260.02 million in net selling, Reuters data shows. Foreign funds are enticed by the outlook for the consumption-driven Philippine economy versus those of its neighbours, said Michaelangelo Oyson, president of the securities arm of Bank of the Philippine Islands. The big winners in the first quarter included snacks and beverage maker Universal Robina Corp, and conglomerates LT Group Inc and GT Capital Holdings Inc, both of which own consumer goods businesses, Oyson said. The biggest risk is a U.S. interest rate hike, which could lead to capital outflows from emerging markets. In mid-2013, the Philippine benchmark index slumped 20 percent in just a month after then-Fed Chairman Ben Bernanke hinted at a possible tapering of U.S. policy easing. The event was one of a series of "taper tantrums". Analysts say some investors will still be drawn to the country's strong domestic spending and fundamentals. "While a taper tantrum-like event may again happen globally once rates start to rise, hopefully these factors mitigate some of that risk, or allow the Philippines to re-adjust more quickly," Philippine Stock Exchange President Hans Sicat told Reuters. (Additional reporting by Vidya Ranganathan in SINGAPORE and Viparat Jantraprapaweth in BANGKOK; Editing by Ryan Woo) www.reuters.com/article/2015/04/13/philippines-stocks-records-idUSL4N0X72AP20150413
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Post by paddyjenkins on Apr 14, 2015 11:21:06 GMT 7
How do these different countries compare valuation wise?
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