Guide to Asean Securities
Sponsored by CIMB-Principal Asset Management Berhad
Since the Asian economic crisis of 1997, the ASEAN nations have been quietly recovering, restructuring and strengthening their economies. They aim to be resilient and well positioned to develop further as Asia becomes the next big growth engine.
The ASEAN markets started 2006 with a bang. On a year-to-date basis, Malaysia’s Kuala Lumpur Composite Index (KLCI) gained 3.2% and Singapore’s Straits Times Index (STI) is up 4.3%. The performances of Thailand’s Stock Exchange of Thailand Index (SET) and Indonesia’s Jakarta Stock Exchange Composite Index (JCI) have been even better, gaining 5.7% and 11.7% respectively. Are the tigers back with a roar? We expect the overall economic picture to remain positive for ASEAN, although equity market performance could differ because of country-specific issues.
Global economic...
