Pickup Trucks Push Bull Case for Indonesia Stocks at UBS Wealth
- More demand for trucks is a signal consumption is returning
- Sees equity benchmark rising as much as 19 percent in 2018
A truck carries packages of garment at the Tanah Abang textile market in Jakarta.
Photographer: Adek Berry/AFP via Getty Images
This article is for subscribers only.
The head of asset allocation for Asia at UBS Wealth Management has been watching trucks -- truck sales to be exact.
Adrian Zuercher sees the increasing demand for transport vehicles in Indonesia as a leading indicator that consumption has returned to the world’s fourth-largest nation. And that makes its stock market a buy.