Chief equity strategist for Asia and Emerging Markets at Morgan Stanley says global markets will continue rise and India’s outperformance will continue.
The firm is bullish on India's prospects in the long-term, as it sees the market deepening, providing opportunities in shifts towards a multipolar world
“We cut our view on emerging markets in May from overweight to neutral," Jonathan Garner of Morgan Stanley said.
India has a very clear reform agenda to address long-standing issues, particularly around infrastructure spending, he said.
Morgan Stanley expects further gains for markets like China and Japan as earnings continue to surprise on the upside, Garner says.
In the last 3 months purchases by domestic mutual funds have more than offset foreign institutional investor outflows. It is tempting to assume that persistent domestic inflows into the equity market are likely to keep the market strong, Neelkanth Mishra of Credit Suisse says.
Jonathan Garner of Morgan Stanley sees India as a fast growing market and expects the growth to accelerate further in the coming days. He says it is among the bright spots in the post-Brexit world. He is bullish on consumption, industrial and cyclical plays
India is more resilient to global factors like Fed rate hike now, says Jonathan Garner, Chief Asia & EM Equity Strategist at Morgan Stanley.
The revised target price is due to marginal positive impact on earnings in 2016 with less-aggressive USD strength in the near term compared to our previous forecasts, says Jonathan Garner of Morgan Stanley.
India should continue to benefit from the ongoing reform agenda. It still has very attractive characteristics and unlike many of the other Asian countries the levels of household leverage is quite low. The problem is that valuations are expensive. Upside is minimal, if at all, at current levels.
Garner has an 'equal-weight' rating on India for now, but says it is capable of outperforming other emerging markets in the long run.
CNBC-TV18‘s Nimesh Shah gets expert opinions from strategists like Timothy Moe of Goldman Sachs, Jonathan Garner of Morgan Stanley and Sakthi Siva, of Credit Suisse who believe that the rebound is more like a recovery from excessive pessimism and not the start of an uptrend.
Parker thinks it is unlikely they will want to elevate financial market stresses as prominently as it did in September. Instead, he believes it will alter its view on the balance of risks and note that it will monitor economic and financial conditions.
Jonathan Garner, Morgan Stanley feels inflation is below the central bank target and bond yields are falling with several more interest rate cuts likely over the next six months.
EPS have dropped 25 percent from their August 2011 peak, Garner said, pointing to MSCI data.
Jonathan Garner, managing director, Morgan Stanley sees significant growth pickup in India. He is bullish on consumer cyclicals and private financials sectors.
Garner is also bullish on IT and pharma shares, and sees the rupee trading in a range between 62 and 64 to the dollar
Jonathan Garner, managing director at Morgan Stanley believes that the market is discounting 12-20 percent earnings growth over the next 12-24 months.
Morgan Stanley on Monday upgraded its 12-month price target for the Hang Seng Index to 30,000 from 26,800. The new target would mark 8 percent upside from current levels.
According to Rakesh Arora, Macquarie, along with the reporting season, resumption of the parliament session on April 20 and particularly the Land Bill, will dictate the market's direction.
Jonathan Garner, MD of Morgan Stanley is of the view that one may prefer private sector financials stocks.
Jonathan Garner, managing director, Morgan Stanley is bullish on industrial cyclicals, private sector financials and consumer discretionary. He is lukewarm on software names.
Jonathan Garner, MD, Morgan Stanley Research has a near-term Sensex target of 29000. He believes it could overshoot 29,000 in the medium-term.
Jonathan Garner, managing director, Morgan Stanley sees the rupee trading in the range of 63-64/USD and recommends betting on export-oriented companies in India.
Morgan Stanley's Jonathan Garner tells Pravin Palande and Shravan Bhat that emerging markets have been a huge success story in terms of development and long-run performance