The Best Emerging Market Banks in Asia 2009

In an earlier article, I wrote about the The Best Emerging Market Banks in Latin America 2009. In this post, the best emerging market banks in Asia are listed.


Shinhan Financial Group (SHG) of South Korea and HDFC Bank  (HDB) of India trade in the New York Stock Exchange. Shinhan does not pay a regular dividend. As per a recent Marketwatch article, though many Korean banks have rallied in the past few weeks , bad loans and lower profit margins may drag them lower. India’s HDFC bank (HDB) is expensive with a P/E ratio of 31.29. HDB has a dividend yield of just 0.54%. The latest earnings report showed a rise in profits but provisions for non-performing assets are also increasing. HDB is not a good buy at these levels.

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