James Cheo of HSBC Private Banking & Wealth Management says economic data and earnings out of Singapore is starting to appear 'extremely strong.'
Vaccination rates in Singapore have also far surpassed those of its regional peers.
As of July 12, 40.47% of Singapore's population was fully vaccinated against Covid-19, according to Our World in Data. In comparison, Malaysia had fully inoculated 11.38% of its population while the figure was even lower in Indonesia and Thailand at 5.5% and 4.74%, respectively. Beyond Singapore's improving pandemic management situation, Cheo added that economic data and earnings out of the country appear "extremely strong."
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