- 01:00 PM Buy Dena Bank; target of Rs 88: India Infoline
- 12:54 PM Buy Sintex Ind; target of Rs 265: India Infoline
- 12:51 PM Bajaj Hind to set up 5 power plants, stock up
- 12:40 PM Expect further upside in FMCG space: G Shah
- 12:30 PM Motilal Oswal report on Indian Ports
- 12:25 PM Welspun Gujarat raises $ 250mn via FCCBs, QIP
- 12:15 PM Stock picks for the day: Nirmal Bang
- 12:15 PM Sensex trades higher; oil & gas, metals, auto, ban...
- 12:14 PM Videocon to place 25% stake in power arm with PE, ...
- 12:07 PM Mah Satyam looks at out-of-court settlement with c...


Hugh Young, Managing Director of Aberdeen Asset Management Asia, said he expected another 10–15% correction in markets and added that 2010 outlook 'was murky'.
According to
The monsoons were not a concern for long-term investors in India, Young said.
Also read: Mkts upswing may resume from Oct '09: AMP Capital
Here is a verbatim transcript of the exclusive interview with Hugh Young on CNBC-TV18. Also watch the accompanying video.
Q: What’s your sense––is the mild 10–12% global correction over or do you think there is more to come?
A: We think, on balance, as probably more to come. The outlook for the next year or so is still quite murky. Yes, we seem to have survived a financial meltdown but as far as earnings are concerned for the bulk of the corporate, we look at across the world not just
Prices have jumped sharply from the lows on the back of the liquidity that was pumped into the markets globally. However, we think it will be healthy if markets stabilize or indeed pullback a further 10–15%.
Q: Do you feel it will be 10-15% for emerging markets as well because this has generally been the pocket that has outperformed in these past few months?
A: Yes for emerging markets as well. Emerging markets, importantly, is not facing massive problem that the developed world faces––the government is in good shape financially, the corporate are strong, the financial systems are strong and the consumers in emerging markets typically are not overleveraged which is a very good news. However, that has been to an extent reflected in the bounce we have seen in emerging markets where they have led the way. And frankly for companies we are seeing across emerging and developed markets, the outlook for earnings is similar. It’s very tough on the P&L line for the next year or so. Importantly, the emerging markets have the strong balance sheet and that’s what will see them through. So question of us favouring balance sheets unquestionably for the longer-term investor emerging markets are where you should be.
Continued on page 2...
|
|
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Expert sector picks to power your portfolio ahead

- Sudarshan Sukhani's top five picks for today's trade

- Ganeshaspeaks: Market prediction for Nov 25
- Mitesh Thacker's top 5 picks for trade today

- Will ITC dream run continue beyond FY10?

- Ex-bonus, RIL will see correction: SP Tulsian
- CBI catches top CLB official accepting Rs 6 lakh as bribe

- Mkts to remain strong; bet on midcaps: Ramesh Damani
- Mahindra may increase car prices due to rising input costs
Source: Business Line
- Renault to continue with M&M for Logan, says Ghosn
Source: Business Line
- Market volatility poses valuation problems: IRDA
Source: Business Line
- Punjab, Haryana buck all-India rice decline trend
Source: Business Line














