Banks, property plays top ’05 Asia stocks

Banks, property plays top ’05 Asia stocks
Published: 03 January 2005


Banks, property firms and building material companies are JP Morgan’s top Asia stock picks for 2005, as the investment house expects those sectors to benefit from regional reflation.  Thailand’s Siam Cement, Hong Kong’s Swire Pacific and Sino Land Co and Ayala Land of the Philippines are the top choices in the property and construction sectors.  "We maintain our positive outlook for Asian equity markets," Mowat said. "Our preference for Asian financial assets is equities, cash and then finally bonds."