In today’s briefing:
- Asian Equities: A Few Genuine Defensives in This Bloodbath
Asian Equities: A Few Genuine Defensives in This Bloodbath
- Tariff turmoil crashed S&P500 by 18% and MSCI Asia ex Japan by 13% over the past couple of weeks. But even amid this carnage, a handful of stocks have appreciated.
- These “genuine defensives” are predominantly from utilities, telecommunications and consumer staples. HK/China and Korea dominate with one entry from Singapore. They have cheap valuations, stable earnings estimates and revenue visibility.
- In addition to eleven defensives we highlight, there are other stocks that have appreciated – notably few HK pharmaceutical stocks HK and 18 Indian stocks. They are not cheap, however.
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