Markus Rosgen

Asia dividend funds turn to China, India counters Fed hike

Asian dividend-paying equity funds are reducing investments in traditional safe bets in favour of companies with rising dividend payouts to guard against investors selling out from the funds when US interest rates rise.

Prefer China over India, upside capped in near-term: Citi

Citi's Markus Rosgen says India is one of the most expensive markets in Asia and is well-positioned from a rate cycle perspective.

Neutral on global emerging markets, says Citi

Markus Rosgen, Citi said as emerging markets (EM) recovered 3 percent since October, sentiment indicators for overall global emerging markets (GEM) and Asia climbed out of despair territory and back into neutral territory ending their short-lived buy signals.

Inflows into India to be slow, not bullish on gold: Citi

According to Citi data, funds investing in emerging markets have seen net outflows for 10 weeks. Worst hit has been the Global Emerging Markets (GEM) category of funds.

Neutral on India; Fed to taper in Q1 CY14: Citi

Markus Rosgen of Citi is doubtful of India getting incremental flows from here on and feels that markets like China, Taiwan offer more value than India.

EM equities won't be hit hard by $10-15bn Fed taper: Citi

Equities may not get affected too much even if the US Federal Reserve decides to announce USD 10 billion first cut in asset purchases because the markets here have factored in a much bigger taper than USD 10-15 billion

Nomura likes IT, replaces ICICI with HCL Tech in portfolio

Michael Kurtz of Nomura likes the IT sector for his exposure to US demand growth, tailwinds from a weaker rupee and low exposure to India's sluggish domestic economy.

Bullish on emerging market equities: Citigroup

Markus Rosgen of Citigroup says he is bullish on the outlook for emerging market (EM) equities with a 12-month target of 1150, that's a 22 percent upside.

Valuations of EMs attractive; underweight on India: Citi

Citi's Markus Rosgen finds valuations of emerging market equities quite attractive now, despite remaining underweight on India.

Citigroup underweight on China, India

Markus Rosgen of Citigroup is underweight on China & India and views ASEAN as expensive and lacking cyclical growth drivers.

Remain positive on Asian equities: Nomura

Michael Kurtz of Nomura said they remained positive on Asian equities as early signs of dollar weakening, a growth-supportive shift in European monetary and fiscal policy and resilient US private demand should help risk appetite and stock performance in EMs.

Upgrade Sensex target to 22,200, says Macquarie

Rakesh Arora of Macquarie said they have upgraded their Sensex target to 22,200 and Nifty target to 6900.

Midcap ideas - Ashok Leyland, Dish TV, Eicher: Macquarie

Among midcaps, Rakesh Arora of Macquarie recommended Ashok Leyland, Dish TV, Eicher Motors, Glenmark, Cummins, Prestige Estates, Thermax and Yes Bank.

Growth appears to be troughing: JPMorgan

Bharat Iyer of JPMorgan feels that growth appears to be troughing and inflation is expected to roll over into Q1 CY13

Expect volatility ahead of US election, Greek vote: CLSA

Laurence Balanco of CLSA expects volatility this week ahead of the US Elections, a Greek parliamentary vote and the change in Chinese leadership.

Initial earnings data suggests 17% growth in profit

Ridham Desai of Morgan Stanley says initial earnings data suggests revenue growth at 18% is behind expectations, while net profit growth of 17% is in line with expectations.

Nifty could aim at eventual target of 6349: CLSA

While some hesitation is expected at 5,700, once through, the Nifty could aim at an eventual target of 6,349, says Laurence Balanco of CLSA.

Expect market to drift lower: BofA ML

Jyotivardhan Jaipuria of BofA ML expects the market to drift lower as higher inflation would limit rate cuts and more subsidies are expected.

Don't expect further rupee appreciation: Credit Suisse

Neelkanth Mishra of Credit Suisse said they did not expect further rupee appreciation and continued to like export-based companies

Korea, India continue to be key losers: Citigroup

Within the region, Korea and India continue to be the key losers in terms of AUM percentage, says Markus Rosgen of Citigroup.

Citigroup's view on market

Following the 15% move across Asian markets, the nervousness among investors is increasing, says Markus Rosgen, Citigroup.

Central banks to cut rates in Asia-ex Japan: Citigroup

As inflation subsides, central banks will continue to ease in Asia-ex Japan. This is good for equities especially interest-rate sensitives, such as banks, industrials, commodities and real estate, says Markus Rosgen of Citigroup.

Earnings outlook looks worst in India, Singapore: Citigroup

Earnings revisions have been down for 25 months, but the cuts have all been small. The 8% global EPS growth forecast for 2011 is likely to fall further, as will the 2012 forecast of 11%.