摩根史坦利2011年3月份发表的对亚洲通胀分析报告
Table of Contents
Economics: Inflation Risks Remain Skewed Towards the Upside........................................................................................... 4
Strategy: Slow Growth, Rising Inflation, More Policy Risk....................................................................................................... 14
Economics Overviews by Country
China............................................................................................................................................................................... 35
India ................................................................................................................................................................................ 36
Indonesia ........................................................................................................................................................................ 37
Korea .............................................................................................................................................................................. 38
Taiwan ............................................................................................................................................................................ 39
Strategy Overviews by Country
Australia .......................................................................................................................................................................... 41
China............................................................................................................................................................................... 42
India ................................................................................................................................................................................ 43
Indonesia ........................................................................................................................................................................ 44
Korea .............................................................................................................................................................................. 45
Taiwan ............................................................................................................................................................................ 46
Industries
Autos/Auto Parts ............................................................................................................................................................. 48
Capital Goods and Industrials ......................................................................................................................................... 50
Consumer Discretionary.................................................................................................................................................. 51
Consumer Staples........................................................................................................................................................... 52
Asian Banks .................................................................................................................................................................... 53
Healthcare....................................................................................................................................................................... 54
Insurance ........................................................................................................................................................................ 55
Internet/Media ................................................................................................................................................................. 56
Oil & Gas......................................................................................................................................................................... 57
Property .......................................................................................................................................................................... 58
Technology/IT ................................................................................................................................................................. 59
Telecommunications ....................................................................................................................................................... 60
Transportation/Airlines .................................................................................................................................................... 61
Transportation/Shipping .................................................................................................................................................. 62
Utilities ............................................................................................................................................................................ 63
Appendix I: Stocks Positively Geared for Long Exposure in a Rising Inflation Environment ................................................... 65
Appendix II: Stocks Negatively Geared for Long Exposure in a Rising Inflation Environment................................................. 66