Kok berita BAGUS seperti ini beredar dimana-mana belakangan ini, apakah REAL 
BIG FUND yang akan masuk ke sebuah market harus gembar gembor dulu seperti 
kampanye, atau memang mereka begitu "murah hati" laksana dermawan agar harga di 
pasar naik baru mau beli?

Ini bisnis atau kegiatan sosial?


  ----- Original Message ----- 
  From: Yanuar Mustofa 
  To: obrolan-bandar@yahoogroups.com 
  Sent: Monday, May 18, 2009 11:55 AM
  Subject: [ob] JPMorgan Upgrades Russia, Indonesia






  bentar lagi ada yg mo belanja gede2an nehh n biasanya diturunin dulu ...jadi 
siapin ember.

  JPMorgan Upgrades Russia, Indonesia; Downgrades China (Update1) 

  Share | Email | Print | A A A 


  By Chen Shiyin

  May 18 (Bloomberg) -- Russian and Indonesian stocks were upgraded at JPMorgan 
Chase & Co. as a recovery in the global economy and investors’ risk appetites 
drives further gains in emerging market equities. The brokerage downgraded 
China. 

  Russia was raised to “neutral” while Indonesia was upgraded to “overweight” 
within JPMorgan’s global emerging- market portfolio, analysts led by Adrian 
Mowat said. They cut China to “neutral” after its gains this year and lowered 
South Africa and Malaysia to “underweight.” 

  The MSCI Emerging Markets Index slipped 0.8 percent to 702.24 today, after a 
24 percent rally this year. Developing countries make up all 10 of the 
best-performing markets this year, with Peru, Russia and China leading gains. 

  “These asset allocation changes are in the context of a MSCI Emerging Market 
900 index target,” the strategists said. “We expect all emerging markets to 
generate positive returns.” 

  Mowat, JPMorgan’s Hong Kong-based chief Asia and emerging- market strategist, 
and his team said last month the MSCI index for developing countries will rise 
to 900. That would be the highest level since Sept. 8, a week before New 
York-based Lehman Brothers Holdings Inc.’s bankruptcy froze global credit 
markets and sparked an exodus from emerging-market assets. 

  Russia, Indonesia 

  Russian stocks, previously rated “underweight” at JPMorgan, are benefiting 
from the government’s growth policies, a contracting risk premium and the 
increasing likelihood of earnings upgrades by analysts, the brokerage said in 
the note. 

  The RTS Index has jumped 48 percent this year, the second- best performer 
among the 92 global stock indexes tracked by Bloomberg. The ruble-denominated 
Micex Index has surged 62 percent in 2009. 

  Indonesia’s Jakarta Composite Index has climbed 29 percent during the same 
period. The market was upgraded from “neutral” because of the improving 
commodities and currency outlook, JPMorgan wrote. 

  Gross domestic product expanded 4.4 percent in the three months to March 31 
from a year earlier as local spending accelerated, the statistics bureau said 
on May 15. That’s the fastest pace in Southeast Asia. 

  Still, JPMorgan has turned less optimistic about on China, lowering its 
rating on the market from “overweight.” The MSCI China Index has gained 21 
percent and this month touched the highest level since September, just before 
Lehman’s bankruptcy. The Shanghai Composite Index, which tracks mainland-listed 
shares, has gained 45 percent, the world’s third-largest advance. 

  Reallocating Capital 

  “As China discounts its economic recovery, we are reallocating capital to 
other North Asian economies that are later in the recovery phase,” the JPMorgan 
analysts wrote. 

  The brokerage is also downgrading stocks in South Africa and Malaysia from a 
previous recommendation of “neutral,” citing the “low beta” in the two markets. 

  JPMorgan is joined by Templeton Asset Management Ltd.’s Mark Mobius and HSBC 
Private Bank in predicting a rebound in emerging market shares. 

  “I would buy all emerging markets going forward,” Arjuna Mahendran, 
Singapore-based chief investment strategist for Asia at HSBC Private Bank, 
which oversees $494 billion in assets, said in a Bloomberg Television interview 
today. “The world has turned on its head and the emerging markets are looking 
decidedly more sound than the developed markets.” 

  To contact the reporter on this story: Chen Shiyin in Singapore at 
sche...@bloomberg.net 

  Last Updated: May 17, 2009 22:15 EDT 


------------------------------------------------------------------------------
  New Email names for you! 
  Get the Email name you've always wanted on the new @ymail and @rocketmail.
  Hurry before someone else does!

  

Kirim email ke