Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Credit Suisse Favors Chinese Financial Stocks Over India

Don't Miss Out —
Follow us on:

Aug. 20 (Bloomberg) -- Credit Suisse Group AG said they favor Chinese banks the most among Asian financial stocks while Indian banks look “expensive.”

Investors should increase the weighting of Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., according to Credit Suisse analysts Sanjay Jain and Anand Swaminathan. They recommend trimming State Bank of India and HDFC Bank Ltd.

The analysts also increased Australian financials to “market weight,” saying bank valuations have become “more supportive.”

Link to Company News:{939 HK <Equity> CN <GO>} Link to Company News:{HDFCB IN <Equity> CN <GO>} Link to Company News:{SBIN IN <Equity> CN <GO>} Link to Company News:{601398 CH <Equity> CN <GO>}

To contact the reporter on this story: Shiyin Chen in Singapore at schen37@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.