SRI/ESG/CSR Research

Asian Banks

Still Bullish on Asian Banks

This article was originally published in the Market Insight Section of Street Insight on April 20. Originally posted on the Street Insight section of thestreet.com 4/21/2006 7:06 AM EST

Boatloads of imports mean lots of banking deposits, especially on the West Coast.

Asian banks are prime beneficiaries.

This basket of stocks is up 5% since March 1, and I remain bullish.

On February 28, I profiled five stocks in The Long/Short Investor as a long idea. Here is how the portfolio has done:

AsianBankUpdate Still Bullish After Recent Rally I'm still bullish and think that these banks are a wonderful way to play the trade deficit. The portfolio is up 5% from March 1 through April 19. Below is a chart with the performance of each stock. As you can see, the biggest move lately was by East West Bancorp (EWBC). The stock jumped 8% recently after the company reported strong earnings, which Jordan Kahn noted on April 18.

William Michael Cunningham

Eduction

  • B.A. (Economics) , MBA (Finance), A.M. (Industrial Organization)

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