Home Markets Southeast Asia markets are poised for a comeback with valuations at ‘bargain basement,’ Maybank says

Southeast Asia markets are poised for a comeback with valuations at ‘bargain basement,’ Maybank says

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

Mohd Rasfan | Afp | Getty Images

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

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

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