TABLE OF CONTENTS Executive summary .............................................................................................................6 FPKs focus stocks..............................................................................
The other shoe dropping While 2008 ushered in a financial-sector meltdown, 2009 will witness the fallout in the real economy. That means loan losses at the banks, and only some Taiwanese banks have the capital to weather the storm. Valuati...
Table of contents Investment summary................................................................3 Size of the opportunity....................................................................3 Buy on dips ...................................
Table of Contents Investment Summary ...............................................................3 From Fear to Growth ................................................................7 Crisis Abating What Next? ............................
Contents Morgan Stanley Coverage for Non-financials ............................................................................................. 3 Top Picks ....................................................................................
The key debate at our conference was intense balance sheet, macro, funding deleveraging concerns set against more resilient Q1 profitability and the growing coherence of policy response. Notwithstanding fragility of system, this creates a...
Global Financial Services STRATEGY Risk Assets: Caveat Emptor ■ Cross-Sector Recommendations: We favor the following: U.S. life insurance over U.S. regional banks, European insurance over European banks, U.S. multinational banks and broke...
We visited banks, regulators and real estate companies last week in Beijing and Shanghai, and focused on risks such as soaring loan growth leading to asset quality issues in future, the end-use of all that lending, a sharp slowdown in lend...
目 录 第一部分 区域金融运行情况........................................1 一、各地区银行业.......................................................................1 二、各地区证券业................................................................
目录 一、金融运行情况...........................................................4 （一）银行业发展势头良好............................................................................................................4 （二）证券业平稳运行......
