BBL Asset Management (BBLAM) is overweighting its investment in Chinese and Asean stocks this year as the prospects for economic recovery are higher in Asia than in the West.
China’s reopening is a major catalyst for Asia’s economy to grow. However, investors should wait for a market correction to buy good stocks at a lower price, said the brokerage.
“Over the past few years Asia has faced challenges,” Voravan Tarapoom, chairman of BBLAM’s executive board, told the BBL Investment Forum “Global Market Opportunities and the Rise of Asia” on Wednesday.
China is now a superpower and plays important roles both politically and economically, she…
