モルガン、韓国株を売り推奨
投稿者： asianrobo 投稿日時： 2008/10/18 14:31 投稿番号： [121485 / 230347]
モルガンスタンレーが、韓国とメキシコ株について売り推奨との評価を下しました。
Morgan Stanley Advises Selling Mexican, South Korean Stocks
By Fabio Alves
Oct. 17 (Bloomberg) -- Morgan Stanley advised investors to sell South Korean and Mexican stocks as a slowing global economy may hurt profit growth in those countries more than their emerging-market rivals.
South Korea's economy ``does not appear to have the strength to offset the export downturn,'' while weakness in Mexico is ``broad-based,'' Morgan Stanley strategist Jonathan Garner wrote in a note to clients today.
The MSCI Emerging-Markets Index has plunged 54 percent this year as losses and writedowns from mortgage-related securities at financial firms worldwide topped $640 billion. The financial crisis prompted Morgan Stanley economists to cut their growth forecasts for the Mexican economy to zero from 3 percent expansion in 2009. They cut their South Korean growth estimate to 3.8 percent from 5 percent.
``The banking sector in Korea is proving more vulnerable than key North Asian peers to the credit crunch due to its reliance on interbank funding,'' Garner wrote. Standard & Poor's on Oct. 15 warned that South Korean lenders will struggle to refinance debt and said Kookmin Bank and six other banks in the country may have their credit ratings cut.
The London-based strategist cut his ratings on South Korean and Mexican stocks to ``underweight,'' meaning investors should own a lower percentage of those shares than in benchmark indexes. They had previously been rated ``equalweight.''
South Korea's Kospi Index has lost 36 percent this year, compared with a 31 percent decline for Mexico's Bolsa.
In Mexico, ``the weak economic background and additional earnings revisions should continue to put pressure on earnings growth expectations into 2009, for a market that is heavily skewed towards the consumer sectors,'' Garner wrote.
He raised Czech stocks to ``overweight'' from ``equalweight'' and upgraded Chilean and Egyptian stocks to ``equalweight'' from ``underweight.''
To contact the reporter on this story: Fabio Alves in New York at Falves3@bloomberg.net
Last Updated: October 17, 2008 09:45 EDT
http://www.bloomberg.com/apps/news?pid=20601086&sid=amNWKmFe03GI&refer=latin_america
要するに、｢貿易赤字を解消する可能性は低く、他のアジアの国々の銀行に比べても、信用収縮の悪影響を韓国の銀行はより強く受けているから、韓国マジヤバイ。韓国株持ってるんなら、今のうちに売っちゃいな｣ってアドバイスです。
さ〜て、週明けのKOSPIどうなるんだろ。
Morgan Stanley Advises Selling Mexican, South Korean Stocks
By Fabio Alves
Oct. 17 (Bloomberg) -- Morgan Stanley advised investors to sell South Korean and Mexican stocks as a slowing global economy may hurt profit growth in those countries more than their emerging-market rivals.
South Korea's economy ``does not appear to have the strength to offset the export downturn,'' while weakness in Mexico is ``broad-based,'' Morgan Stanley strategist Jonathan Garner wrote in a note to clients today.
The MSCI Emerging-Markets Index has plunged 54 percent this year as losses and writedowns from mortgage-related securities at financial firms worldwide topped $640 billion. The financial crisis prompted Morgan Stanley economists to cut their growth forecasts for the Mexican economy to zero from 3 percent expansion in 2009. They cut their South Korean growth estimate to 3.8 percent from 5 percent.
``The banking sector in Korea is proving more vulnerable than key North Asian peers to the credit crunch due to its reliance on interbank funding,'' Garner wrote. Standard & Poor's on Oct. 15 warned that South Korean lenders will struggle to refinance debt and said Kookmin Bank and six other banks in the country may have their credit ratings cut.
The London-based strategist cut his ratings on South Korean and Mexican stocks to ``underweight,'' meaning investors should own a lower percentage of those shares than in benchmark indexes. They had previously been rated ``equalweight.''
South Korea's Kospi Index has lost 36 percent this year, compared with a 31 percent decline for Mexico's Bolsa.
In Mexico, ``the weak economic background and additional earnings revisions should continue to put pressure on earnings growth expectations into 2009, for a market that is heavily skewed towards the consumer sectors,'' Garner wrote.
He raised Czech stocks to ``overweight'' from ``equalweight'' and upgraded Chilean and Egyptian stocks to ``equalweight'' from ``underweight.''
To contact the reporter on this story: Fabio Alves in New York at Falves3@bloomberg.net
Last Updated: October 17, 2008 09:45 EDT
http://www.bloomberg.com/apps/news?pid=20601086&sid=amNWKmFe03GI&refer=latin_america
要するに、｢貿易赤字を解消する可能性は低く、他のアジアの国々の銀行に比べても、信用収縮の悪影響を韓国の銀行はより強く受けているから、韓国マジヤバイ。韓国株持ってるんなら、今のうちに売っちゃいな｣ってアドバイスです。
さ〜て、週明けのKOSPIどうなるんだろ。
固定リンク：https://yarchive.emmanuelc.dix.asia/1143582/ffckdca4h4z9qa4n5doc0a4n9adbel_1/121485.html