The top stocks in Asia Emerging Markets rated by quant
China’s economic rebound could offer a positive surprise for the rest of the emerging markets in Asia (NASDAQ:EEMA).
Brian Tan, Barclays’ senior regional economist, based in Singapore, said in a note that a 1 percentage point increase in China’s GDP growth would boost Taiwan’s about 0.5 percentage points; South Korea’s about 0.4 percentage points; and Singapore about 0.3 percentage points.
“A pickup in Chinese growth should inevitably spill over positively to the rest of Emerging Asia (EEMA), with the export-heavy newly industrialized economies (such as Taiwan, Korea and Singapore) more linked with Chinese growth,” he said.
These are the top-rated Asian emerging markets (ex-China) stocks by Seeking Alpha quant metrics:
- Taiwan Semiconductor Manufacturing Company (TSM) – Quant rating: 4.97
- KB Financial Group Inc. (KB) – Quant rating: 4.93
- Trip.com Group Limited (TCOM) – Quant rating: 4.91
- DBS Group Holdings Ltd (OTCPK:DBSDY) – Quant rating: 4.88
- Infosys Limited (INFY) – Quant rating: 4.44
- Karooooo Ltd. (KARO) – Quant rating: 4.30
- Dr. Reddy’s Laboratories Limited (RDY) – Quant rating: 3.34
- Shinhan Financial Group Co. (SHG) – Quant rating: 3.27
- ICICI Bank Limited (IBN) – Quant rating: 3.17
- WNS Holdings Limited (WNS) – Quant rating: 3.12
- Wipro Limited (WIT) – Quant rating: 3.01
- PLDT Inc. (PHI) – Quant rating: 3.00
- HDFC Bank Limited (HDB) – Quant rating: 3.00
- United Overseas Bank Limited (OTCPK:UOVEY) – Quant rating: 2.88