[ad_1]
Strong corporate earnings growth, combined with external factors, such as rate stabilization in the United States, will stimulate regional markets next year.
Chile's optimism about growth prospects is not just a local phenomenon, the voices of international analysts calling to bet on our country is multiplying.
This time it was Morgan Stanley, that in a report to his clients, he called on investors to overweight Chilean stocks in their portfolios, with 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.
The bank is generally confident in the outlook for Latin America, where the business profit growth and "some help" from the Federal Reserve The US dollar would help consolidate the stock markets in the region.
"We expect global and local factors to increase valuation multiples throughout 2019," writes strategists Guilherme Paiva, César Medina, Nikolaj Lippmann and Valentina Rodríguez. Morgan Stanley expects the region's profits to increase 17% in 2019 and 5% in 2020. The MSCI Latin America Index forecasts a 12% dollar return at the end of the year. 39 next year.
The US bank joins the favorable forecasts of its competitor JPMorgan Chase, who last week highlighted Chile as one of his main bets for 2019. According to the entity, the weak performance recorded by the local stock market this year constitutes a good basis for the coming months, given in particular a solid growth of the economy, which would be reinforced by the implementation of the reforms.
It has projected that the IPSA could reach 7,200 points by the end of 2019, which represents an increase of about 40% compared to your current position.
Thus, it boosts the confidence of international experts for the Chilean stock market in 2019.
Source link
