Asean faces tricky recovery amid vaccine endgame; Singapore's STI to 'move higher' with further re-opening

Amala Balakrishner
Amala Balakrishner7/29/2021 02:56 PM GMT+08  • 4 min read
Asean faces tricky recovery amid vaccine endgame; Singapore's STI to 'move higher' with further re-opening
RHB's analysts have raised their end-2021 STI target to 3,410 points from their previous 3,280-point forecast
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The delta has hit an alpha in Asean, analysts at RHB Research Securities say in reference to the new wave of the delta variant.

Delays in the access to Covid-19 vaccines may see Asean economies “approaching the endgame with inoculation rates rising sharply in recent months,” chime economists from CGS-CIMB.

“The path towards recovery clearly lies in a quick and efficient immunisation programme, coupled with an effective public relations outreach to convince large pockets of the population to voluntarily register for vaccines, and strike a cautious balance between lockdown and re-opening,” stress RHB analysts Alexander Chia, Andrey Wijaya, Kasamapon Hamnilrat and Shekhar Jaiswal.

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