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RHB economists expect growth in Asean economies to rebound in 2021

Felicia Tan
Felicia Tan1/8/2021 5:19 PM GMT+08  • 3 min read
RHB economists expect growth in Asean economies to rebound in 2021
On their stock picks for the region, the team has given Singapore's CapitaLand, DBS and ST Engineering "buy" calls.
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Amidst an uneven recovery, RHB Group Research economists Andrey Wijaya, Michael Setjoadi, Alexander Chia, Shekhar Jaiswal and Kasamapon Hamnilrat see opportunities abound among Asean economies in 2021.

Domestic consumption plays, which are a common theme across the region, should lead the recovery, says the team in a Jan 8 market strategy report.

“Continuing government support, a normalisation of business activities, improving consumer and business confidence and an enduring low interest rate environment should support an improvement in private consumption across Asean in 1H2021,” they write.

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