Asian markets have had a tumultuous year. The MSCI Asia ex Japan Index plunged from its January high, losing around 12% since then. Chinese stocks are especially volatile. Hong Kong’s Hang Seng index is down around 12% in the year to date, while the Shenzhen Component has fallen over 9%. Those keen on investing in Asia in the face of such uncertainty can consider Morgan Stanley’s selection of Asian stocks it calls “alpha” opportunities for November. Alpha stocks are those with the ability to beat the market. One key stock idea the investment bank highlighted is South Korean giant Samsung Electronics , which it’s overweight on. “Management’s confident tone and guidance for recovery in 4Q and 2024 will be catalysts for outperformance. Rising prices and falling inventories along with supply cuts and improving demand are positive for margin recovery,” the bank said. The bank is also overweight on India’s natural gas company Gail. The company had beaten expectations with significant outperformance in gas marketing and lower-than-expected losses in petrochemicals. These are 10 stocks from the full list of Morgan Stanley’s top overweight-rated stocks for November. Each has a market cap of more than $5 billion. — CNBC’s Michael Bloom contributed to this report.
