the negative interest rate won't apply to the $2.5 trillion worth of excess reserves that Japanese banks already have, but only to new ones. So it didn't change anything today and will hardly change anything tomorrow.
Personally i think this negative interest is just a facade to trick markets, in hope that it will boost the inflation rates which they (japan) are seeking.
Thus i am expecting this week to have a temp rally. However, there are no changes to overall fundamentals.
CHINA
Sector
Financials
Prefer the securities and insurance sectors after the recent market sell-off.
INDONESIA
Strategy
Beneficiaries Of Stable Forex, Rate Cut And Value Stocks
Investment ideas in expectation of earnings recoveries. We recommend ASII, AALI, EXCL, INDF and ISAT
SINGAPORE
Update
Singapore Airlines (SIA SP/BUY/S$11.03/Target: S$14.00)
3QFY16 results preview: Rise in headline profits, even with fuel hedging losses.
Wilmar International (WIL SP/BUY/S$2.85/Target: S$3.60)
4Q15 results preview: Expecting net profit of US$300m-330m, lower yoy and qoq due to lower palm and sugar margins; still good volume growth from sugar and oilseeds.
THAILAND
Update
Delta Electronics (DELTA TB/SELL/Bt79.00/Target: Bt78.00)
4Q15 results preview: Lacks strong earnings growth momentum.
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