Asian stock prices fair to slightly undervalued, says Batterymarch
Asia ex-Japan stocks are currently valued at 13x forward earnings, with an expected growth rate of close to 20%, says Ray Prasad at Batterymarch.
Ray Prasad is senior portfolio manager at Batterymarch with primary responsibility for Asian markets, having joined the firm in 1997 as a quantitative analyst. He became a portfolio manager in 2000 and was promoted to senior portfolio manager in 2005.
Headquartered in Boston, Batterymarch Financial Management is a quantitative equity asset manager and an affiliate of Legg Mason. As of 30 September, it managed $20.4 billion for institutional and sub-advisory clients worldwide.
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