Tag: ubs group

Chinese equities are set to outperform Indian peers next year as their battered valuations suggest significant upside potential once sentiment turns, according to UBS Group AG. Stocks in China have currently priced in “lots of negatives,” making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS’ global emerging market strategist.Meanwhile, earnings-based valuations for Indian shares are already at “fairly extreme levels.”Additional stimulus measures from Beijing and improving geopolitical relations can provide “positive sustained market reaction” for China, he said in an interview last week....