Asia Recovery?

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Thu Apr 15 02:14:35 PDT 1999


On Thu, 15 Apr 1999, Henry C.K. Liu crossposted:


> 14 Apr 1999 Singapore Business Times
> Japan looks set to be the classic turnaround story of 1999
> By Chua Soon Huat
> The author is chief strategist, Sanwa Bank
> ***************************************************
> 9 Apr 1999
> Investor confidence returning to Asia
> LOUIS BECKERLING looks at the survey's main findings
>
> The investment mood in Asia has taken a positive turn over the past quarter,
> but caution remains the watchword.
> This seems to be the central message captured in the "Asian Barometer", a
> survey of financial analysts in Singapore, Hongkong and Malaysia.
> The poll of investment professionals is sponsored by Societe Generale Asset
> Management (Singapore) Ltd, and conducted by research company Taylor Nelson
> Sofres Malaysia.

Pay attention to this, Lefties. Sanwa Bank is the financial core of the Sanwa keiretsu (500 billion euros in assets, 209 billion euros in annual revenues); Societe Generale is now part of the SG-Paribas conglomerate (which may or may not be absorbed into BNP at a later date), with 574 billion euros of assets. The new metropoles are taking charge at last. Sell those US stocks while you still can, and buy those Euro/Asia markets!

-- Dennis



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