singapore earnings growth in asia will bounce back this year and could jump by more than 20 as the regional economy recovers according to top wealth managers ubs global and goldman sachs we are looking for a strong earnings recovery across all major regions of the world said tan min lan asia pacific head of chief investment office at ubs global wealth management in asia itself earnings actually were remarkably resilient in 2020 actually it fell by 1 versus the global earnings which declined between 25 to about 30 in some of the key regions in 2021 we think earnings in asia will rise about 23 there will be a broadening of recovery outside of north asia she told cnbcs squawk box asia on wednesday timothy moe chief asiapacific regional equity strategist at goldman sachs was also bullish on earnings growth in the region we think were … on the cusp of a very significant earnings recovery in asia and so were looking at about 24 25 earnings growth this year and then a further importantly 16 next year he told cnbcs squawk box asia markets have obviously paid forward for that with their very strong performance last year moe added but even with valuations at this extended level as long as interest rates stay low we think that markets can roughly hold on to their current valuation and ride the underlying earnings recovery up which we think is going to result in some further attractive gains for markets this year albeit … not quite as strong as we had last year moe said the hunt for yield will continue amid a low interest rate environment tan from ubs said adding that investors can look for investment returns in a couple of ways they can take on more credit risk for instance by investing in emerging market bonds and sovereign usdollar asian highyield bonds she said secondly is to look for dividend yielding stocks because as the economy recovers the  economically sensitive stocks i think their dividend payment capacity is going to be restored she said there are good quality companies in the financial space in the energy space that still provide reasonable dividends however it plays out tan said that any impact on the chinese stocks wont be too significant the situation will remain fluid and we dont really know what joe biden  will do 15 days later from here she said referring to the presidentelect who will be inaugurated on jan 20 but suffice to say that if we look at all the stocks impacted by the executive order it amounts to about 5 of the msci china index delisting per se is not going to have that much of an impact on these stocks she added on tuesday trump signed another executive order banning transactions with eight chinese software applications it included digital payment platforms wechat pay by tencent holdings and ant groups alipay the order is only set to go into effect after trump leaves office