In Singapore, Maybank Securities analyst Thilan Wickramasinghe believes that the banking sector, gaming stocks, industrials, tech counters and telecommunication companies (telcos) are winners from the formation of the SEZ.
The Johor-Singapore Special Economic Zone (JS-SEZ) is likely to benefit several sectors from both sides of the Causeway, say analysts. As touted by the governments, the JS-SEZ zone offers a “wide range of opportunities”, such as competitive costs of doing business, strong government support and pro-business policies and incentives.
The joint agreement was officially signed by the prime ministers from both countries, Lawrence Wong and Anwar Ibrahim, on Jan 8.
