Indonesia May Become Brazil of Southeast Asia, Macquarie Says

Businessweek

Bloomberg, by Berni Moestafa, March 19, 2010, 4:22 AM EDT

March 19 (Bloomberg) -- Indonesia could become the Brazil of Southeast Asian stock markets as it is the “best of India and China combined,” said Mark Matthews, a strategist at Maquarie Capital Securities in Hong Kong in an interview with Bloomberg Television.

Matthews likes Indonesian property stocks such as PT Alam Sutera Realty and PT Bumi Serpong Damai. He also likes Thai stocks, saying investors have become more immune to political protests.

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net