Southeast Asia receives broad supportListen to this articlePhoto: 123RFSoutheast Asian equities ended December with a cautious "risk-on" tone, helped by a softer US dollar and year-end rebalancing, though thin Christmas liquidity exaggerated intra-day swings. Singapore's STI also capped a strong year -- up more than 21% year-to-date as of mid-December -- with banks and yield support underpinning the rally. We maintain an overweight position in the US, China and Vietnam stock markets, which continue to show strong profit growth, offer attractive upside potential, and have reasonable valuations. Strategically, we expect fund flows to rotate into domestically driven sectors and election beneficiaries, including banks, finance, telecom, tourism and property. Trading at 12.4 times P/E ratio for 2026 with a high 9% dividend yield, the stock offers better value than its peers.

Source: Bangkok Post December 27, 2025 00:12 UTC