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Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Article / 09 July 2014 at 10:01 GMT

Bad week for financials mirrored in Asia Pacific top equity picks

Head of Equity Strategy / Saxo Bank
Denmark
By Peter Garnry

It's been a bad week for financials globally and this spilled over to our top equity picks in Asia Pacific. The portfolio was down 2.2% the past week driven by losses at Dai-ichi Life Insurance (-6.2%), Nomura (-4.5%) and Mitsubishi UFJ (-2.9%).

Asia Pacific equities top picks performance










There have been no major changes to our top equity picks list in Asia Pacific. The list is still dominated by financials (see table). The top picks' average 12-month P/E ratio is 10.2x and yielding a 12-month forward dividend yield of 3.2%.

Asia Pacific equities top picks

Read the full publication on Asia Pacific equities in the attached PDF.

— Edited by Clare MacCarthy

Peter Garnry is head of equity strategy at Saxo Bank
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Asia Pacific

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