1H 2011, we remember to be rangebound. Even my portfolio is currently flat since the good gains registered in 1Q. What about the coming 2H? AmFraser says we can look forward to the 2H due to the following reasons:
1. Global monetary policy remains easy
2. Recovery in Japan likely in 2H
3. More positive on China as inflation expected to peak in 2H
4. More optimistic GDP full year forecats raised to 5-7% from 4-6% earlier
5. Expected growth in corporate earnings of about 10% here with valuation
reasonable at 13.6x
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