Southeast Asia markets are poised for a comeback with valuations at 'bargain basement,' Maybank says
Publishing timestamp: 2024-01-22 01:04:14
Summary
Maybank predicts that Southeast Asia markets will see a turnaround in 2024 after a slowdown in 2023. The region is expected to benefit from growing chip and electric vehicle demand, as well as cheap valuations and potentially high economic growth. Maybank's head of research for Singapore believes that Southeast Asia markets are undervalued compared to global markets and that even a potential U.S. recession will not dampen optimism. The region's infrastructure is already in place to benefit from the growing demand for chips.
Sentiment: POSITIVE
Keywords: malaysia, microsoft corp, china, south asia, stock markets, india, asia news, business news, east asia, thailand, indonesia, apple inc, asia economy,