Page 14 - Morgan Stanley
GDP levels in Asia to exceed pre-Covid path from 1Q22: Morgan Stanley
Covid-19 remains an overhang on the near-term growth outlook of Asia and lockdown measures are constraining consumption growth, Morgan Stanley said on Friday.Strength in exports and capex has lifted Asia's overall GDP closer to its pre-Covid path, but consumption remains below its pre-Covid path, it said in a research report titled 'The Viewpoint: The Next Phase in Asia's Recovery' authored by Chetan Ahya, Derrick Y Kam and Jonathan Cheung.However, the report forecast vaccination rates for adult population reaching 80 per cent or higher in 10 out of 12 economies (accounting for 95 per cent of the region's GDP) in the region by 4Q21."These high rates of vaccinations will allow policymakers to shift their Covid management strategy and allow restrictions to be relaxed, which we expect in turn lead to a full-fledged recovery in growth from early next year."Powered by all its engines, said the report, Asia's growth momentum should improve in the coming quarters. GDP levels will exceed ...
 "GDP levels in Asia to exceed pre-Covid path from 1Q22: Morgan Stanley")
Global banks' $170-billion haul marks most profitable year ever
As the dust settles over earnings season, a total profit of more than $170 billion from a dozen of the biggest firms in the past four quarters shows how far the industry has come from the frazzled ear
 "Global banks' $170-billion haul marks most profitable year ever")
Global growth boom may disappoint, says Morgan Stanley's Ruchir Sharma
Sharma, who is the author of bestsellers including "Breakout Nations" in 2012 and "The Rise and Fall of Nations" in 2016, isn't predicting a global bust
 "Global growth boom may disappoint, says Morgan Stanley's Ruchir Sharma")
Morgan Stanley beats profit estimates on capital market, deal-making boom
Morgan Stanley reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity
 "Morgan Stanley beats profit estimates on capital market, deal-making boom")
Wall Street is raising payouts to investors on stress-test success
Shares of Morgan Stanley climbed 3.71 per cent during early New York trading
 "Wall Street is raising payouts to investors on stress-test success")
Wall Street banks hike shareholder payouts after Fed gives the green light
Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said they were hiking their capital payouts after the US Federal Reserve gave them a clean bill of health
 "Wall Street banks hike shareholder payouts after Fed gives the green light")
Morgan Stanley plans to bar unvaccinated staff from New York offices
Gorman estimated that more than 90 per cent of employees back in the offices were already vaccinated
India Inc earns 72% of revenue from the domestic market: Morgan Stanley
On an aggregate basis, 72 per cent of EM companies' revenues come from their home country
 "India Inc earns 72% of revenue from the domestic market: Morgan Stanley")
Wall Street CEOs get heat from Congress over social justice, fees & wokeism
the Wall Street bosses frequently found themselves under fire from both sides of the aisle, Democrats and Republicans
 "Wall Street CEOs get heat from Congress over social justice, fees & wokeism")
India is first pick among Asia emerging markets for Morgan Stanley
The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley
 "India is first pick among Asia emerging markets for Morgan Stanley")
Morgan Stanley's bull case scenario sees Sensex at 61,000 by December 2021
In a bull-case scenario (30 per cent probability), Morgan Stanley sees the Sensex at 61,000 levels - an upside of around 22 per cent from the current levels
 "Morgan Stanley's bull case scenario sees Sensex at 61,000 by December 2021")
Morgan Stanley burned by $911 million hit on Archegos Capital blowup
Loss dents record results driven by surge in dealmaking
Morgan Stanley profit blows past estimates, flags $900-mn loss on Archegos
Net revenue jumped 61% to $15.72 billion.
Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus
iBus serves 4 mn customers in 10 cities. It currently deploys its infra at 233 commercial, residential and retail sites across the country
Mapletree enters logistics biz on buying KSH Infra from Morgan Stanley arm
KSH Infra owns warehousing properties in Pune spread over a million sft
 "Mapletree enters logistics biz on buying KSH Infra from Morgan Stanley arm")
Saudi Aramco hints talks are on with RIL for O2C business: Morgan Stanley
Recently, Reliance Industries announced carving out of the O2C business as a separate subsidiary to support strategic partnerships
 "Saudi Aramco hints talks are on with RIL for O2C business: Morgan Stanley")
Morgan Stanley becomes first major US bank to offer access to bitcoin funds
In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of Bitcoin
 "Morgan Stanley becomes first major US bank to offer access to bitcoin funds")
Analysts bullish on cement stocks on sustained demand, price hikes
Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.
 "Analysts bullish on cement stocks on sustained demand, price hikes")
Citigroup needs a new strategy for its lagging Asian consumer banks
Citi has pan-Asian heft, garnering about 30% of its revenue in the region from ASEAN nations
 "Citigroup needs a new strategy for its lagging Asian consumer banks")
State-run banks likely to see bad loan additions moderate: Morgan Stanley
Structural issues, however, could cap returns on their stocks, Morgan Stanley said
 "State-run banks likely to see bad loan additions moderate: Morgan Stanley")
