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Foreword
Rethinking the macro landscape
Reframing globalisation
Redefining sustainability
Investment implications
Themes
Rationale
Asset class/Strategy
GEM equities India equities ASEAN equities
Capitalise on the supply chain shifts
Diversification will favour countries that have a geographical advantage, cheaper labour, larger domestic economies, and abundant natural resources.
Ride the Generative AI wave in Asia
Generative AI’s demand for improved memory chips will benefit Asia’s semiconductor players. It will also boost innovative Asian tech-related companies.
Tech and tech-related Asian equities
China A and H equities
Sentiment towards China is very bearish; valuations of China equities are below long-term average and attractive. China continues to rebalance its economy towards consumption and services.
Position for further upside to China’s policy stimulus
Contributors --------------- Samuel Bentley, Bryan Yeong, Dalphin Hou, Michelle Qi, Ngo The Trieu, Weng Jingjing, Paul Kim, Eric Yao, Kevin Liu, Tsai Yuan Yiu, Doreen Choo, Bodin Buddhain, Liew Kong Qian.
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