HSBA was neutral on Malaysia since it has not performed as poorly as some eighbours. It was neutral on Malaysia since it has not performed as poorly as some neighbours.
SINGAPORE: Beaten-down equities in Southeast Asia have become irresistibly cheap, according to analysts at HSBC who recommend investing in Indonesia and across the region in a contrarian note on Monday that forecasted the best returns from laggard Singapore.
On a day when social curbs returned to Jakarta, Europe's biggest bank said a combination of recovering growth, low interest rates and strong balance sheets made it the right time to buy stocks in some of the world's worst performing markets.
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