6 Asian equity picks for 2018: HSBC

SINGAPORE (Dec 8): HSBC is expecting the relatively robust cement demand recovery in Indonesia to continue into 2018, with the country’s utilisation set to rise even with sub-optimal property demand growth – while the dynamic random access memory (DRAM) industry could peak its return-on-equity (ROE) cycle in the year ahead.

This is according to the banks’ latest Asian Equities in 2018 – How to navigate the next calendar year report, which aims to look at Asian equities from a different angle and sees the past year’s trends, such as the steady performance of tech hardware and a conducive consumer sector outlook, flowing well into 2018.

Firstly, HSBC has identified South Korea’s SK Hynix, as a large-cap with the most upside in the next 12 months to come. As the world’s second-largest memory chipmaker after Samsung Electronics, the memory semiconductor supplier of DRAM chips is seen by HSBC to realise most of its upside before the market begins to worry about a decline in DRAM prices in 2H18.

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