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<Research>M Stanley Reiterates Equalweight on Asia-Pacific IT, Urges Overweight on Consumer Staples
Recommend 23 Positive 27 Negative 17 |
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Morgan Stanley has released a market strategy report for the Asia-Pacific region, noting that their clients' awareness of the issues raised by the broker is steadily swelling. In July, Morgan Stanley recommended switching from the IT sector to the Consumer Staples sector (with an Overweight rating). Believing that it is still too soon to make constructive suggestions for the IT sector, the broker reiterated an Equalweight rating on the sector despite recent underperformance leading to lower valuations. The broker listed two Hong Kong stocks in its focus list for the Asia-Pacific region (excluding Japan), namely TENCENT (00700.HK) and ZIJIN MINING (02899.HK). AAStocks Financial News |
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