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    HomeNewsBusinessMarketsAsia Pacific ex-Japan 2016 target 500, buy ICICI Bank: JP Morgan

    Asia Pacific ex-Japan 2016 target 500, buy ICICI Bank: JP Morgan

    In case of India, earnings per share revisions have turned from negative to flat, Mowat says, adding earnings surprises continue to be driven by margin dynamics.

    September 07, 2016 / 09:33 IST
       
       
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      This bull market is driven by improving earnings, lower real rates, falling risk premium and capital flows that support currencies, Adrian Mowat of JP Morgan says, adding 2016-end Asia Pacific ex-Japan target is 500 (+12 percent).

      Markets typically turn six months before net revisions.

      In case of India, earnings per share revisions have turned from negative to flat, Mowat says, adding earnings surprises continue to be driven by margin dynamics.

      In model portfolio, JP Morgan buys ICICI Bank in India, he says.

      first published: Sep 7, 2016 08:33 am

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