Malaysia’s ESG Scorecard and Readiness | Are ASEAN Wafer Fab Equipment Manufacturers Past their Peak Cycle?

Today we focus on ESG investing and find out what the scorecard looks like for Malaysian corporates and says about its ESG readiness. We also get a preview of MAS’s inflation stance and what our FX strategist is forecasting for the Sing dollar. In technology, Applied Materials just held its investor day and the group remains positive over the wafer fab equipment industry. With Intel and TSMC recently making announcements to invest in capacity, what are the key risk parameters to watch and is it too early to take profit on wafer fab equipment manufacturers in ASEAN? Philippines’ Financial Institutions Strategic Transfer (FIST) Act was recently signed into law, enabling financial institutions to free up assets for lending by allowing the transfer of NPL/NPAs to asset management firms. Who are the beneficiaries?