Economics and Macro Strategy
Chinese credit spreads have widened amidst growth risks and worsening profitability. A coming wall of maturities is likely to pose rollover concerns and mark High Noon for distressed Chinese credit.
After two decades of investment exodus and industrial hollowing out, “Made-in-Taiwan” (MIT) is coming back to the fore, driven by a combination of external push and domestic pull factors.
Our analysts took a deep dive exploring technological advancements in the Nickel market and how it may help with the mass adoption of Electric Vehicles in the near future.
Accelerated sales growth in residential GFA propelled China residential property sales growth to 14.6%. Investors recommended to accumulate RMB resilient plays.
Our analysts took a deep dive exploring implications on the banking and insurance sectors as SuperApps continue to gain prominence and establish themselves as a hallmark to modern convenience.
Vietnam has found itself in a sweet spot as the prime beneficiary of the US-China Trade War, so much so that its economy is set to be bigger than that of Singapore’s within a decade.
Volatile market conditions prompt for cautious guidance from company management as civil unrest continues to plague Hong Kong society.
Civil unrest in Hong Kong continue to weight on its economy with expectations for GDP growth to fall to 0% for the year.
Human-generated smog, literal and metaphorical, is characterising the global economic and markets outlook.
FOMC’s 25bps policy rate cut with little concern about the outlook left the market dissatisfied.
Finance Minister Sitharaman unveiled the fourth set of support measures over the weekend.
GBP, AUD, JPY, and CNY are under focus. China's loan prime rate to be watched.
The Fed delivers a hawkish cut. Central banks’ policies still favour the USD.
The Fed needs a permanent tool to better manage liquidity. The BOJ is set to hold fire for now.
EU’s Juncker thinks a Brexit deal is possible by 31 October
Investors may grow even more hopeful for monetary easing after Friday
US stock indices end the day where they started
The combination of monetary accommodation and firm economic conditions is constructive for the S&P 500. Stay invested within the Barbell Strategy.
We reaffirm our constructive stance on China’s large state banks for their c.6% dividend yield and compelling valuations.
The Fed is expected to maintain an accommodative policy stance in such an environment, and this will benefit “income equities” such as Asia REITs.
Our analysts took a deep dive exploring possible implications from a revival of the Kuala Lumpur-Singapore High Speed Rail project. What could that mean for the economies of the two countries?
Our analysts took a deep dive into the ride sharing business model, and identified scale and dominance as key profitability drivers. But what does that mean for smaller operators?
Our analysts took a deep drive to examine opportunities and challenges to come as the Greater Bay Area (GBA) embarks on its journey to become China’s newest innovation and technology hub.