瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc

瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc

ID:55257516

大小:304.50 KB

页数:36页

时间:2020-05-07

瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc_第1页
瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc_第2页
瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc_第3页
瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc_第4页
瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc_第5页
资源描述:

《瑞信-亚太地区-投资策略-近期新冠肺炎研究综述-2020323-33页.doc》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库

1、23MarCh2020EqurtyReSearChASiaPaCffiCBCREDITSUISSEThemeSMOnitOrCOVlD-19一AreviewOfOUrrecentresearch#2ThematiCReSearCh∣PrOdUCtMarketjngThenleFigUre1:China(down10%)IeaStimpactedYTD;Phil,IndoWeakeStinASiaIOjo□IMperf.(%)BYTDpert(%)ASiaEUrOPe(10.0)(20.0)(30.0)(40.0)ReSearChAnalyStSMan

2、iShNigarT)85221017067manish.nigani@Credit-StiSSe.∞mVaibhaVJain85221017061VaiIhaV.jain@credit-suisse.comPrOdUetMarketing.APAC85221017061apac.productmarketing@credit-suisse.comEfSeUOPU-UederPUefeqle3∙sqB一qB-snvEsx>ebde6ufsUeMFI¥SnAUeIUeeouelr5PriCedasOf20-Mar-2020.PerfOfnIanCeOfk

3、eyindices(IOCaICUrrenCyterms).Source:Refiritiv,CSReSearCh■TheSharPriseinCOVlD-19CaSeSinEUrOPeandUSinPaStWeekhasIedtoStriCterrestricti∞sacrossregions.OUrE∞∞micsteamshaveCUt2020GDPforecastsfortheUSlEUrOPeregi∞andChina(referECOnOmiCOUtkXJkreportsfromPage4).GOVemmentSaretryingtomit

4、igatetheimpactOfCOVID-19byUSingm∞etary,fiscal(referFig.2forfiscalStimUian∞uncedinAPAC)andadministratwe(IoCkdOWn)measures.BOththequantumOffiscalStimUIiandefficiencyOfimplementati∞WiIldeterminetheextentOfbeneficialimpact.■InthisreportSefieSlWeaimtoProVideaSUmmaryOfkeyresearchOnth

5、etopicfromCS'researchteamIaStWeek(PIeaSefindOUrearlierreportdated16March).■OUrGbbalStrategyteamhighlights"dividendaristocrats'-thoseCOmPaniesthathavegrowntheirdividendPerShareineachOftheIaSt10years.OUrAPACStrategyteamaddstoexistingOVelWeightSinKOrealSingaPOreandMalaySialdowngra

6、deslnd∞esiafromOVefWeighttoMarketWeight,andIndiafromMarketWeighttoUnde(weight.InSeetOrSlOUrbiggestOVerWeightSremainITandjntemet,butWedowngradeInSUranCefromOVefWeighttoUndefWeightOntheWeakratesOLrtI∞k.■OUrChinateamhighlightsthatCOnSUmpti∞l∞ksWeakereventhoughWOrkresumptionisnomor

7、eamajorconcern.TherearePoCketSOfStrengthinvid∞,OnIinegamingande-COmmerce;OtherSegmentSOfCOnSUmPtiOnareIikelytorecovergradually.OUrCQiteamShareSthatbusinesshasresumedinmanySeCtofSlandCaShStreSShasalsoeasedabit.HOWeVerlfullyearoutl∞kl∞ksSIUggiShlmoreSOforexport-orientedsectors.In

8、FigUreS7-18,Wehighlightthebest/WOrStPerfOrmingnames(YT

当前文档最多预览五页,下载文档查看全文

此文档下载收益归作者所有

当前文档最多预览五页,下载文档查看全文
温馨提示:
1. 部分包含数学公式或PPT动画的文件,查看预览时可能会显示错乱或异常,文件下载后无此问题,请放心下载。
2. 本文档由用户上传,版权归属用户,天天文库负责整理代发布。如果您对本文档版权有争议请及时联系客服。
3. 下载前请仔细阅读文档内容,确认文档内容符合您的需求后进行下载,若出现内容与标题不符可向本站投诉处理。
4. 下载文档时可能由于网络波动等原因无法下载或下载错误,付费完成后未能成功下载的用户请联系客服处理。