CREDIT SUISSE’S VIEW:E.Sun Financial Holding Co is seen as the top long play for next year with a growth momentum two to three times that of its local peers
The Taipei Times
Date: Dec 21, 2015
By: Ted Chen / Staff reporter
Taiwanese banks are expected to outperform insurers next year, as their earnings are less susceptible to the impacts of recent monetary policy changes, analysts said.
The central bank on Thursday lowered policy interest rates by 12.5 basis points for the second time in three months, just a day after the US Federal Reserve announced that it was hiking rates by 25 basis points.
Credit Suisse AG listed E.Sun Financial Holding Co (玉山金控) as its top long play for next year, and life insurance-heavy Fubon Financial Holding Co (富邦金控) as its top short play. [FULL STORY]