Corporate activity in ASEAN is rising as investors anticipate potential Fed rate cuts. China’s economic slowdown poses a risk, with falling domestic consumption and declining home prices, potentially impacting the region’s growth. In Singapore, Dyna-Mac received a cash offer indicating a positive offshore & marine cycle. Go-Jek’s exit from Vietnam may signal future exits, which could benefit both Grab and Go-Jek. CSE settled a USD8m dispute, leading to a reduction in FY24-25E PATMI estimates but maintains a positive outlook. In Indonesia, healthcare has a positive forecast due to under-penetration and reforms. Investors are invited to Starhub’s investor night on 25 Sep. – Maybank
ASEAN Market Activity Rises Amid Fed Rate Cut Speculations; Singapore Stocks Show Mixed Outlook
