Shuli Ren, Columnist

Bullish Dilemma for Equity Analysts

Hold on to the balloon of ascending stock prices or let go? That's a tough call.

January 29, 2018 at 11:00 PM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Colorful bunch of balloons floating in the sky — Photograph: Luxx Images/Getty Images

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Sell-side analysts in emerging Asia have a big problem, and it's not MiFID II.

Even after a 45 percent gain in the MSCI Asia ex-Japan Index since the start of last year, brokerages remain staunchly positive on the region's blue chips. Of the 7,000 ratings on the benchmark's 272 stocks with a market capitalization of $10 billion or more, there are only 649 sell recommendations.