"Maybank Forecasts Southeast Asia Market Rebound and 2024 Outlook"
Maybank predicts a potential turnaround for Southeast Asia markets in 2024 due to cheap valuations and expected high economic growth, despite a 3% decline in the MSCI Southeast Asia index in 2023. The region's strong domestic consumption and growing presence in the chips and electric vehicle industries are seen as key drivers for this optimism, with Maybank's head of research highlighting the potential for significant demand for chips in the region.