SINGAPORE (Feb 4): CLSA, for the 25th year running, has published its widely anticipated Lunar New Year predictions for the markets, which marry the art of fengshui with a keen observation of events and trends. For a brokerage founded by a group of business journalists, its predictions might not be entirely accurate, but it is nonetheless entertaining.
Given how events are shaping up, however, some of CLSA’s calls might just materialise. For example, with the ongoing momentum, the Vietnam market does look like it will take off this year. Already, it was among the hottest IPO markets in the region, raising US$3 billion ($4.03 billion) last year, or 80% of the total raised in Southeast Asia.
Similarly, the brokerage’s call on robotic processes being poised for “major gains” does look obvious.