Asean banks have a “long road to recovery”, say Maybank analysts, including Thilan Wickramasinghe and Kareen Chan, downgrading the sector to “negative” in a September 11 note. Analysts warn of Singapore experiencing “one of the strongest contractions in the region” due to its open and trade-driven economy, with DBS the preferred pick among banks in Singapore.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply