Maybank expects e-commerce/on-demand services growth for Singapore...

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2024-12-16 06:11:41

Maybank expects e-commerce/on-demand services growth for Singapore internet firms to be sustained over the medium term

Maybank Investment Bank said Monday that it expects core e-commerce/on-demand services growth of internet companies in Singapore to be sustained over the medium term owing to under-penetration. The research house said in a note that it thinks fintech growth could lead, piggybacking on core services as well as from the low base effect. “As an ecosystem play, fintech cash burn could be...

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