Maybank says Southeast Asian markets are poised for a comeback with valuations at the “bargain bottom.”

A woman (right) adjusts the Philippine flag before the 51st Ministerial Meeting of the Association of Southeast Asian Nations (ASEAN) and the Republic of Korea in Singapore on August 3, 2018.

Muhammad Rasfan | AFP | Getty Images

Southeast Asian markets could see a turnaround in 2024 on the back of cheap valuations and potentially higher economic growth, after losing some momentum last year, according to Maybank.

Improving growth, rising exports, a rebound in manufacturing and a better-than-expected outlook from Taiwan Semiconductor Manufacturing Company last week all mean Southeast Asian markets are poised for a better year, said Thilan Wickramasinghe, head of Singapore research at Maybank. Investment Banking Group.

Leave a Reply

Your email address will not be published. Required fields are marked *