Region's gradual recovery to fuel sustained stock rebound in H2
MOST Asian economies are likely to hit bottom in the second quarter of this year and then begin a slow recovery, analysts from Credit Suisse's private banking division said yesterday.
Ms Fan: Investors should stay cautious and position themselves in companies that are cash-rich
Fan Cheuk Wan, head of Asia-Pacific research for Credit Suisse Private Bank, said the expected recovery will fuel a sustained rebound in Asian equity markets in second-half 2009.
The bank is telling clients to pick stocks most likely to benefit from China's plan to spend four trillion yuan (S$883 billion) in 2009-10 on infrastructure projects and social programmes to help the poor...
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