By trick ten Kate
BANGKOK | Fri Sep 23, 2011 11: 37 BST
With a view to the global economy and Thai banks, traders remain BANGKOK (Reuters) - Southeast Asian shares despite the problems, attractive and real estate companies are looking good bets, a Fund Manager at Aberdeen Asset Management said on Friday.
"Markets are in all areas as risk appetite has decreased due to increased concerns about Europe's debt problems." Foreign money flows and it is not sure when she will return, "Adithep Vanabriksha said, Managing Director of Thai shares at Aberdeen, the more than $2 billion."
At 0537 GMT, the MSCI Asia Pacific ex-Japan index. MIAPJ0000PUS went to 1.9 percent at their lowest level since mid-2010 in one place. It has lost 23 percent this year, while the MSCI emerging index.MSCIEF is decreased by 25.5 percent.
"However, for port for long-term investors playing the markets in Southeast Asia still attractive with banks, merchants and some properties safe, seen", Adithep said.
Investors fear a repeat of the credit crisis in 2008, particular banks exposure to the weaker economies of the eurozone.
But the banking sector in Thailand, including Kasikornbank PCL (KBAN.)(BK) and Siam commercial bank (SCB).(BK), offers a good value for money, said the Fund Manager.
"While people are likely to be concerned about the impact on the financial sector in Europe, the banking industry in this part of the world is very much growing." You are far from, compared to the finding of guilt, "he said."
Other of Aberdeen top-operated include wholesalers Siam macro PCL MAKR.BK, industrial conglomerate Siam Cement PCL (SCC).(BK) and hypermarket operator big C Supercenter PCL BIGC.BK.
"In addition we see home buyers benefit some property to SME companies from the first programme," Adithep said.
Thailand's Cabinet has approved a withdrawal in the taxable income of up to 500,000 baht for first-time home buyer, stimulate the economy and boost consumer spending.
Adithep of Aberdeen most powerful Small Cap Fund 14.58% end of August, compared to 3.6 percent for the Thai stock exchange had gained back.SETI, Morningstar data.
Adithep said economic Uncertanties in the United States and the euro zone Government bond crisis made his company sceptical, what energy and goods, which were the sectors too volatile and had a direct correlation to the global slowdown.
"We are in the longer term faithful of defensive assets with are looking for the best return," he said.
Aberdeen has some of their portfolio holdings, but nothing substantial, was trim Adithep said to be on the investments, he was referring to.
(Editing by Alan Raybould)
View the original article here
0 komentar:
Posting Komentar