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 / 02 July 2014 at 7:28 GMT

Sands China drops from top equity picks on 9% jump

Head of Equity Strategy / Saxo Bank
By Peter Garnry

The first week was good for our conviction buy list on Asia Pacific equities with the portfolio up 2.3 percent the last week. Performance was driven by strong performance in Sands China (+8.8 percent), Li & Fung (+5.4 percent) and China Construction Bank (+3.8 percent).

Top equity picks Asia Pacific performance

Nissan Motor is added to top picks

The new conviction buy list is dominated by cyclical stocks and among the newly added stocks is Nissan Motor. Our quant model has a 12-month return forecast of 16 percent with an uncertainty indicator of +5 signalling that our model is significantly more bullish than the consensus. Nissan Motor's performance is tied to its ambitious plan for volume growth in emerging markets and especially its targets in China aiming for a 13 percent y/y sales growth.

Top equity picks Asia Pacific

Peter Garnry is head of equity strategy at Saxo Bank. Click here for more of his articles.

-- Edited by Clare MacCarthy
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Quant Corner - Asia Pacific equities

Viewpoint Investor Viewpoint Investor
nice pick :-)


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