Equity Strategy: Attractive Valuation Emerging, Prefer Quality Stocks and USD Hedge...
At a forward P/E of 11.9x, JCI valuation is attractive (160bps spread vs. 10-yr yield); amid macro risks, we favor quality stocks and USD hedge.
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BRIDS Weekly Update Economic & Fixed Income Research Monday, Sept 30 , 2024
The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.
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Macro Strategy: The Fulcrum of China’s Stimulus
The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.
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BRIDS Weekly Update Economic & Fixed Income Research Monday, Sept 23 , 2024
The outsized initial FFR cut of 50 bps would set the stage for global central banks’ trajectory as the Fed tries not to fall behind the curve.
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Equity Strategy: Riding the Wave of Earnings Growth, Strong IDR and Liquidity Catalysts
We raise our FY24-end JCI target to 8,238; our preferred picks are the high beta stocks, namely BBCA, BBNI, ARTO, CTRA, SMRA, ASII, GOTO.
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