India Strategy Chartbook India Strategy Chartbook India Strategy Team Morgan Stanley India Company Private Limited+ Ridham Desai Ridham.Desai@morganstanley.com +91 22 2209 7790 Sheela Rathi Sheela.Rathi@morganstanley.com +91 22 2209 7730 G...

Contents Macro Fact Sheet.....................................................................4 Strategy..............................................................................6 Economics.................................................

TABLE OF CONTENTS A Glimmer of Reason...............................................................4 EARNINGS Factors.................................................................10 Composite Forward Earnings Momentum (1Mth + 3Mth) ......

Table of Contents Macro-economic views ............................................................3 Market strategy.......................................................................17 Autos ..............................................

Table of Contents Macro-economic views ............................................................3 Market strategy.......................................................................18 Autos ..............................................

Contents Strategy and Economics 4 Asia/GEMs Strategy Index Target Increased by 21% to 985 by June 2010 but Raising More Cash Jonathan Garner, Michael Wang, Vinicius Silva 6 Asia/EM Equity Strategy Downgrade Korea, Turkey and Hungary to UW;...

Contents Key Conclusions ............................................................ 2 Valuation Japan Looks Cheap at Last......................... 3 Why Should Japan Perform? ......................................... 4 Summary of our vie...

Saudi Arabia An Introductory Equity Guide An introduction to the Saudi Arabian equity market: This is not a regular research report. Rather, it attempts to provide a high-level introduction to the Saudi Arabian stock market and some of the...

With the new government, India is again abuzz with the word reforms. This time around, though, reforms should be in the form of multiple small changes rather than any big bang, game-changing overhaul, as was the case in the 1990s. This rep...

We believe that Indonesia will continue to outperform rising markets due its valuations and high beta (inexpensive cyclicals). Despite the rally year to date, Indonesia is still one of the least expensive markets. Our top stock picks are h...