Money manager Lion Global is betting Singapore banks will benefit from a resurgent economy and rising interest rates but warns that Malaysia may not push through much-needed reforms, the manager of its Singapore/Malaysia fund said today.
Lion, an arm of Oversea-Chinese Banking Corp’s (OCBC.SI) insurance unit Great Eastern (GELA.SI), is also bearish on palm oil stocks and has cut its exposure in recent months, fund manager Kelvin Wong told Thomson Reuters in an interview.
