Don't Miss Out, Markets Set to Climb Another 10-15%
Asian stocks have logged their best performance in 2009 on the back of positive economic news from China, as well as a slew of better-than-expected U.S. corporate earnings.
But with some Asian markets losing some steam this week, can this rally last? Sani Hamid, director of Wealth Management at Financial Alliance, believes so.
"We've seen the STI (Straits Times Index) hit new highs, we've seen the S&P 500 move up to new highs. So all these now indicate that we've got a breakout and I think it's going to be another 10-15%, and potentially even 25% upside," Hamid said on CNBC Asia Pacific's Protect Your Wealth.
"Get in now!" he advised investors who missed out on the March lows. "What I think investors should not do is wait for such confirmation (of an economic recovery) because when it comes, we'll probably be at the tail-end of this particular rally."
Hamid added that this could be the last rally before we reach a plateau, whereby markets would then move sideways for an extended period of time.
"We are bullish on Singapore, we like China overall in the long run," he revealed, but warned of a potential pullback in China due to its strong run-up since November.
Comments? Questions? Send them in here.
Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."