“China’s shift away from zero-Covid, easing inflation and interest rate woes, the anticipated recovery for Hong Kong and China, mostly resilient Asean economies, and positive US stock market performance are all potential drivers,” adds the team. “While economic slowdown, inflation, and geopolitics remain risk factors, 2023 may well turn out to be the year where investors look beyond these to focus on the themes of resilience and recovery.”
DBS Group Research is choosing to focus on resilience and recovery in their 2023 regional equity strategy outlook.
The team comprising analysts Yeo Kee Yan, Moxy Ying, Maynard Priajaya Arif, Janice Chua and Chanpen Sirithanarattanakul, as well as DBS’ regional research team, say that they will be looking beyond “known uncertainties” next year. “The good thing about 2023 is that the markets are forward looking, having priced in the bulk of interest rates hikes and recessionary fears in 2022,” says DBS.
