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VP Bank: Single country Asia outlook spells resilient growth

VP Bank, the Liechtensteinian private bank, has shared its single country Asia outlooks, revealing an optimistic view towards equity markets with just Indonesia and the Philippines receiving ratings downgrades. Indonesia: Downgrade from neutral to underweight rating Downgrade to underweight rating due to high fundamental valuations and slowing earnings growth. High PE valuations could face headwinds due to slowing expectations momentum despite…

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