Singapore's markets have "done really badly" so far in 2020 and are currently "undervalued," according to UBS Global Wealth Management's Kelvin Tay.
Goldman Sachs' Timothy Moe, however, argues that too much of a focus on banking stocks may prove to be a detriment for markets as the emphasis shifts toward "technology and so-called digital economy stocks."BNBB Studio | Moment | Getty Images "We do think where the is concerned, there is a lot of value in some of the stocks," Tay, who is regional chief investment officer at the firm, told CNBC's "Squawk Box Asia" on Wednesday.
Goldman Sachs' Timothy Moe, however, warns that the focus on banking stocks may be a detriment instead.
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