“At the same time, structural and policy shifts are pointing the economy towards sustainability and new economy sectors through M&A and restructuring. This should fortify Singapore’s investment case regionally,” he adds.
With Singapore actively planning and moving towards an endemic, Maybank sees multiple catalysts for Singapore’s re-rating.
Lead analyst Thilan Wickramasinghe says, “We think Singapore is in a sweet spot in a Covid-endemic 2022 as its ‘old world’, value-oriented sectors benefit from rising rates and a clear path to economic re-opening.”
