Furthermore, the managementmodesofPolarisandYuantaCore PacificSecurities' on-line trading are more similar to the successfulon-line trading elementmodelsset up in thisresearch.
"Investors are pricing in a scenario under which there will be an outbreak which will severely hurt the airlines' earnings, " said Castor Pang, head of research at Core Pacific-Yamaichi.
This year, Southeast Asia has accounted for 17% of revenue in the Asia-Pacific region outside Japan in core investment banking, up from 15% for all of last year.