Asian economic growth is on the rebound and the main beneficiaries will be Thailand and Singapore, SocGen-Crosby's regional economist Neil Saker says.
Mr Saker said the recovery in the region's economic cycle was being helped by an increase in world trade and a recovery in the global electronics industry.
Asian stocks have performed poorly compared with their United States and European counterparts over the past year due to concern about slowing export growth.
Mr Saker said there was now room for a rerating of many Asian markets as the pessimism over the effects of the slowing export growth had been overdone.
'There is still a lot of life left in Asian markets and the region can still outperform over the next decade,' he said.
The rebound would be especially pronounced in the more open economies with a high gearing to electronics like Thailand and Singapore.