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Strong corporate earnings growth, combined with external factors, such as rate stabilization in the United States, will boost regional markets next year.
Chile's optimism about growth prospects is not just a local phenomenon, while the voice of international badysts who call to bet on our country is widening.
This time, Morgan Stanley, who, in a report to his clients, calls investors to overweight Chilean shares in their portfolios, as well as those of Brazil and Peru.
The recommendation for Argentina is rather to maintain, while in the case of Mexico and Colombia, the call is to reduce exposure. 19659003] The bank is generally confident in the prospects for the future in Latin America, where the growth of corporate profits and "some help" from the US Federal Reserve would help strengthen stock markets in the region.
"We believe global and local factors will increase valuation multiples throughout 2019," writes strategists Guilherme Paiva, Cesar Medina, Nikolaj Lippmann and Valentina Rodriguez. On Monday. Morgan Stanley expects regional earnings growth of 17% in 2019 and 5% in 2020. As for the MSCI Latin America Index, it expects a return of 12% in US dollars. here the end of next year.
In this way, the US bank joins the favorable predictions of its rival JPMorgan Chase, who last week highlighted Chile as one of its main bets for 2019. According to the 39; entity, the poor performance recorded by the local stock market this year constitutes a good basis for the coming months, especially given a solid growth of the economy, which would be enhanced by the implementation reforms.
Thus projected that the IPSA could reach 7,200 points by the end of 2019, which represents an increase of about 40% from its current position.
Thus, the confidence of international experts for the market increases. Chilean stock market in 2019.
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