Under the same report excerpt from Morgan Stanley on late May 27, 2011 which downgraded Indonesian equities to UW (Underweight) as we shared this morning, Morgan Stanley also updated its "Focus List" for GEMs (Global Emerging Markets) and APxJ (Asia-Pacific ex-Japan). Focus List is a sort of shortlisted or selected stock from a certain basket of investment list. Focus List of GEMs/APxJ consisits of 20 selected stock each which are screened from MSCI Emerging Market Index (21 countries) and MSCI AC (All Country) Asia ex Japan Index (10 developed and emerging market country indices: China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand).
Indonesia stock is represented only by 1 (one) selected stock so far since the establishment of Morgan Stanley Equity Strategy Focus List GEMs and APxJ. Prior to May 27, 2011, PGAS was added into the Focus List to replace TLKM. And, since May 27, 2011 or the latest addition announcement, Indo Tambangraya (ITMG) has been selected to replace PGAS. Attached is the reference part of Morgan Stanley report we shared early this morning which included ITMG on the list. Enjoy the study and scientific and research deep-rooted stock picking like every big boy just do it. Free for you. No need free luncheon. Global push is enough for everybody inside. :d [image: MS Focus List Addition (ITMG) (27may2011).png] [image: MS ITMG Price Target (May 2011).png] '+'
<<MS Focus List Addition (ITMG) (27may2011).png>>
<<MS ITMG Price Target (May 2011).png>>
