Long 1930 - 1950
Stop losss 1911
Target 2020
Fundamental
-FWD PE 5Y trade at -1SD
-FWD 12M growth 29%
-Laggard play , expect rotation from large cap to mid/small cap
Risk factor
-No rotation with macro risk overwhelming
-Regional bank continue sell off and spark investor fear
1180 buy on breakout
Stoploss below 1150
Fundamental support
-Cheap valuation below 5Y fwd PE at -1SD
-High next 12M EPS growth over MSCI EM
Risk factor
-2Q24 corporate debt roll over period will deteriorate retail investor sentiment
