New York, New York (PressExposure) October 13, 2009 -- "Source One International" is rumored to be planning to increase investment in Asian financial companies.
The Asian-based boutique brokerage is thought to base its optimism on impressive fundamentals demonstrated by emerging economies such as China, Vietnam, Indonesia and Thailand.
"Source One International" believes that the effects of the massive $586 billion stimulus package unveiled by China last year are trickling down to other so-called Tiger economies. It also suggests that many other Asian economies have unveiled their own versions of stimulus packages in order to boost domestic consumption and this is fueling sustainable consumption. As a result, sources close to "Source One International" said the firm is considering increasing exposure to commercial banks.
Although the firm is bullish on the prospects for the Asian economies, it believes that currently, equity markets are overbought and may be due for a pullback. "Source One International" is also considering the acquisition of stocks in water filtration, agriculture and mining companies.
Analysts at "Source One International" suggest that the relatively low indebtedness of Asian consumers in countries that have relied heavily on their export sectors makes them promising and potentially reliable borrowers.