Investors expect further gains this year, with Thailand cited as a key beneficiary from a rebound in tourism and Indonesia a winner thanks to its huge natural resources sector.. Read more at straitstimes.com.
(Bloomberg) Southeast Asian stocks are on a tear this month, outperforming the rest of the region in a rally that’s being fueled by rising commodity prices and economic reopening from the coronavirus pandemic.
The recent strong showing of first-quarter results for some of the Malaysia-listed banks has brought investor attention back into the sector. Banking stocks have come off their recent dips in May as analysts largely positive towards the sector since late last year have pushed their target prices (TPs) for certain banks higher following the latest results for the first quarter of 2021 (1Q21) (see chart).
Small and Medium Enterprises Association national secretary Yeoh Seng Hooi.
WITH unending lockdowns amid surging Covid-19 infections, the pace of vaccinations needs to be speeded up and the spread of Covid-19 better controlled.
Dynamic measures are required to avoid further dampening growth and exacerbating the uneven recovery between advanced and emerging economies.
This is not just a problem in Malaysia but a big part of what ails emerging economies which used to stage stronger recovery.
Unlike the vaccination programmes in developed economies, the lack of access to vaccines has left emerging economies struggling with second or third wave of infections, including those from new variants of Covid-19.
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