HONG KONG (AFX-ASIA) – Morgan Stanley recommends investors switch from cyclical stocks to utilities, as the recent share price performance of cylicals is already fully reflecting economic recovery sentiment. The investment house recommends investors sell down property stocks, particularly Cheung Kong (1.HK) whose share price has already fully factored in possible gains in earnings from…
CHINA: Morgan Stanley recommends investors switch from HK cyclicals to utilities
Posted on October 3, 2003 by EnergyAsia