ASEAN stocks still promising

ASEAN stocks still promising

HONG KONG (AFP): International investors risk missing out on
potential profits by continuing their "hands off" policy on
stocks from Thailand, Indonesia, Malaysia and the Philippines, a
bank report said on Friday.

The report by global investment bank ING Barings, said key
growth stocks could still be found in the four markets but warned
investors to monitor carefully political developments.

Economic growth expectations are lower this year in all four
markets except Indonesia, the report said, adding that any
slowdown in electronics exports would also hurt those economies.

However, it added there were positive factors in these
markets.

Substantial current account surpluses were offsetting capital
outflows, regional external liquidity was robust and many of the
region's banks, with the exception of Indonesia, had sufficient
liquidity to lend, the bank said.