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Daiwa Securities eyes Asian domestic growth stocks

November 25, 2009  

From Aaron Pan

The global recession has passed and Asian economies will drive growth as they become less dependent on trade from the West, the brokerage says. It recommends investing in energy, commodity, infrastructure, property and consumer assets in the region to tap this trend.

The global recession is over and Asia will continue to lead global growth over the next five years, according to Daiwa Securities.

The Japanese brokerage tips Asian economies to become less dependent on trade with western countries and to increase...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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