The global investment bank Morgan Stanley has recently released a list of top “alpha” stocks in the Asia-Pacific region, which includes a South Korean bank with a potential 28% upside.
What Happened: Morgan Stanley’s list of alpha stocks, released on Apr. 9, includes companies from the Asia-Pacific region, excluding Japan. These stocks, with a market capitalization exceeding $5 billion, were evaluated based on factors such as quality, value, and sentiment, reported CNBC.
One of the top-ranked stock ideas on the list is Hana Financial Group, a South Korean commercial bank. The bank has received an overweight rating from Morgan Stanley, which has also raised its 12-month price target to 71,000 Korean won ($51.2), indicating a potential upside of 28% from its current level.
“Our Korea Financial analyst, Joon Seok … believes large-cap banks are key beneficiaries of the corporate reform theme,” the bank said.
See Also: Mark Cuban’s $288M Wire Transfer To IRS: A Veiled Jab At Trump?
Another stock that Morgan Stanley is bullish on is Novatek Microelectronics, a Taiwanese chipmaker. The bank’s analysts anticipate the stock …
Full story available on Benzinga.com
The global investment bank Morgan Stanley has recently released a list of top “alpha” stocks in the Asia-Pacific region, which includes a South Korean bank with a potential 28% upside.
What Happened: Morgan Stanley’s list of alpha stocks, released on Apr. 9, includes companies from the Asia-Pacific region, excluding Japan. These stocks, with a market capitalization exceeding $5 billion, were evaluated based on factors such as quality, value, and sentiment, reported CNBC.
One of the top-ranked stock ideas on the list is Hana Financial Group, a South Korean commercial bank. The bank has received an overweight rating from Morgan Stanley, which has also raised its 12-month price target to 71,000 Korean won ($51.2), indicating a potential upside of 28% from its current level.
“Our Korea Financial analyst, Joon Seok … believes large-cap banks are key beneficiaries of the corporate reform theme,” the bank said.
See Also: Mark Cuban’s $288M Wire Transfer To IRS: A Veiled Jab At Trump?
Another stock that Morgan Stanley is bullish on is Novatek Microelectronics, a Taiwanese chipmaker. The bank’s analysts anticipate the stock …
Full story available on Benzinga.com
The global investment bank Morgan Stanley has recently released a list of top “alpha” stocks in the Asia-Pacific region, which includes a South Korean bank with a potential 28% upside.
What Happened: Morgan Stanley’s list of alpha stocks, released on Apr. 9, includes companies from the Asia-Pacific region, excluding Japan. These stocks, with a market capitalization exceeding $5 billion, were evaluated based on factors such as quality, value, and sentiment, reported CNBC.
One of the top-ranked stock ideas on the list is Hana Financial Group, a South Korean commercial bank. The bank has received an overweight rating from Morgan Stanley, which has also raised its 12-month price target to 71,000 Korean won ($51.2), indicating a potential upside of 28% from its current level.
“Our Korea Financial analyst, Joon Seok … believes large-cap banks are key beneficiaries of the corporate reform theme,” the bank said.
See Also: Mark Cuban’s $288M Wire Transfer To IRS: A Veiled Jab At Trump?
Another stock that Morgan Stanley is bullish on is Novatek Microelectronics, a Taiwanese chipmaker. The bank’s analysts anticipate the stock …Full story available on Benzinga.com Read MoreAsia, BABA, Equities, Kaustubh Bagalkote, Morgan Stanley, MS, News, Markets, MS, US6174464486, BABA, News, Equities, Asia, Markets, Benzinga Markets
