“Prospects for lower rates and weaker US dollar bode well for regional equities,” they note. The analysts spell out their views in the report by country.
Asean is “primed to do better” following the US Federal Reserve (US Fed)’s monetary policy pivot which will be more supportive of the employment agenda and a soft landing scenario, says RHB Bank Singapore analysts in an Oct 21 report.
Singapore and Indonesia are particularly notable among regional equities for undemanding valuations, as the former offers defensive qualities in a volatile environment while the latter goes through a leadership change, analysts Alexander Chia, Andrey Wijaya, Kasamapon Hamnilrat and Shekhar Jaiswal note.
