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Renminbi revaluation will boost south-east Asia stocks

June 22, 2010  

From Pamela Tang

Commodities firms, some real estate companies and banks in south-east Asia should benefit from the rise in the renminbi’s value, says Citi.

Natural resources companies and financial institutions in south-east Asia are likely to be key beneficiaries of China’s shift in exchange rate policy, says Citi.

On June 17, the People’s Bank of China said that it would allow the renminbi...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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