President Chen's latest policy initiative will only increase cross-Strait tensions. The tax season approaches and this will draw liquidity away as retail investors sell.
More Quotes from Spencer White:
There's been a heady combination of post crisis balance sheet repair, cash flow generation, fund flows from overseas and the growth that the region has generated as major economies such as China and India have 'emerged' whilst previously sunken ones like Japan have risen from the depths.Spencer White
Our sense is that expectations are now so depressed that we are likely to see more upgrades than downgrades from this level. It has not been such good value since 2003.
Spencer White
Less than 5 percent of the population is using banking services. The growth opportunities for mortgages, car loans, consumer loans, are huge.
Spencer White
Vietnam is one of the last frontier emerging economies in the region that will demand serious investor attention.
Spencer White
The conditions are in place to make this a compelling upgrade.
Spencer White
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