One investment analyst said he was looking for opportunities outside the U.S. stock market. “There are still areas where there could be value, but generally outside the United States,” said Stephen Glass, managing director and investment analyst at Sydney-based Pella Funds Management. Regions such as Europe that have invested in He told CNBC's “Squawk Box Asia” on April 8. “Also, we are finding value in Asia, with China looking very cheap, and India still.” [has] HDFC Bank In India, investment analysts are betting on Indian bank HDFC. The bank's stock price has risen nearly 6% over the past week, but is down about 7.2% in 2019. HDFC Bank recently reported a 55.4% year-on-year increase in total advances for the quarter ended March 31. Of the 42 analysts covering his HDFC Bank on FactSet, 37 rate the stock as a Buy or Overweight, with an average price tag of 37. The target price is INR 1,898 ($22.81), with upside potential of almost 23%, and the bank's shares are backed by the Nifty India Financials ETF (15.6% weight) and iShares India 50 ETF (11.2% weight). It is traded at. Glass is an investor in AIA Group and says it is “looking for further ideas,” but the insurance giant's stock hit a seven-year low at the end of March and has continued to decline over the past 12 months. The company recently announced that its new deal value will increase 33% to $4 billion in fiscal 2023, thanks to strong sales growth in key markets such as China, Singapore and Vietnam. I reported that. AIA's new premiums for fiscal year 2023 increased by 45% on an annualized basis to a record $7.7 billion. All 30 analysts covering AIA Group on FactSet rate the stock as Buy or Overweight, with an average price target of HK$93.95 (about $12), giving the stock an almost 80% chance of upside. It becomes. The life insurance company's shares are traded in the iShares MSCI Hong Kong ETF (weighting 20.0%) and the Franklin FTSE Hong Kong ETF (19.2%).
