UBS says retail frenzy to drive stocks gains in Southeast Asia


Source: bworldonline.com bworldonline.com

Key Topics in this News Article:

News Snapshot:

UBS’s preferred Southeast Asian markets are Singapore and Malaysia, which will benefit from government support and a faster pace of economic recovery. Image of UBS in Singapore, One Raffles Quay, via UBS. A boom in retail investing in Southeast Asia should help drive stock market gains at a time when institutional investors are reassessing the region, according to UBS Group AG’s investment-banking arm. “We find ourselves in a very attractive position in Southeast Asia” as retail investors deploy savings in capital markets and boost demand for equities, Asean Equity research head Ian Douglas Pennant said at a briefing, adding that...