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Global / Economics & Strategy

Research Library

November 15, 2019
Research Library

Economics and Macro Strategy

China / Growth

China 2020 – A Better Year Ahead

November 11, 2019
China 2020 – A Better Year Ahead

China’s GDP growth will moderate to 5.8% next year, slower than the 6.1% forecast for 2019. Intensified policy support is a necessity to buttress the economy.

India / Growth, Rates

India: Growth to slow before turning the corner

November 06, 2019
India: Growth to slow before turning the corner

India is in midst of a growth slowdown, with recovery likely to set in the coming quarters.

China / Consumer

China Auto Sector: Signs of bottoming out

November 14, 2019
China Auto Sector: Signs of bottoming out

The vehicle market is showing signs of bottoming out as recent passenger vehicle retail sales was down, but we expect vehicle sales to gradually improve in November and December.

China / Real Estate

China Property Sector: Recent correction creates entry poin...

November 14, 2019
China Property Sector: Recent correction creates entry points

Recent residential property sales y-o-y growth has accelerated, led mainly by a combination of largely steady growth in residential GFA sold and a pickup in residential ASP growth.

China / Financials

China Banking Sector: Look for good buys

November 07, 2019
China Banking Sector: Look for good buys

PBOC has cut RRR for selected rural and commercial banks in view of ongoing deleveraging and asset quality deterioration.

Hong Kong / Equities

Monthly Market Pulse: Back on track

November 06, 2019
Monthly Market Pulse: Back on track

US-China trade war détente bodes well for equity markets as HSI rebounded 6.5% from recent lows, reflecting investors’ returning risk appetite.

China / Equities

Monthly Market Pulse: IPO activities resume despite ongoing...

October 04, 2019
Monthly Market Pulse: IPO activities resume despite ongoing challenges

Civil unrest in HK adds to challenging relationship stemming from US-China trade war. Investors advised to focus on defensive names and those that offer secular growth opportunities.

Vietnam / Equities

Understanding Vietnam: A Rising Star

September 19, 2019
Understanding Vietnam: A Rising Star

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.

Economics Daily

  • Economics
  • Macro Strategy
  • Economics
  • Macro Strategy
Asia / Equity, Property

Weekly: Asia’s softened property and equity markets

November 15, 2019
Weekly: Asia’s softened property and equity markets

Economic slowdown and geopolitical uncertainties have taken a large amount of froth out of Asia’s property and equity markets in recent years.

China / Growth

China: Sub-6% growth ahead

November 14, 2019
China: Sub-6% growth ahead

GDP growth will slow further to 5.8% in 4Q19 and result in a full-year of 6.1% this year.

India / Inflation, Rates

India: Dovish policy to stay the course

November 14, 2019
India: Dovish policy to stay the course

October CPI inflation quickened to 4.6% YoY close to our 4.5% forecast and firmer than consensus. IIP declined to a series low.

Global / FX, Rates

Hawkish drift in rates and FX

November 15, 2019
Hawkish drift in rates and FX

10Y US yields to cross 2% over medium term. Awaiting US Treasury FX report.

Global / FX, Rates

EUR resumes slide against SGD; Better risk-reward in Asia M...

November 14, 2019
EUR resumes slide against SGD; Better risk-reward in Asia Mid and High yielders

Expect the Euro to keep underperforming the Singapore Dollar. Asia Mid and High yielders to be resilient against rising Core yields.

Global / FX, Rates

China govvies have room to rally; India rates and fiscal sl...

November 13, 2019
China govvies have room to rally; India rates and fiscal slide

We are cautiously optimistic on China govvies. Long-end India govvies take a hit from fiscal worries.

Market Movers

  • Daily Digest
  • Strategy
  • Daily Digest
  • Strategy
Asia / Equities

Multinationals are still pouring cash into China

November 15, 2019
Multinationals are still pouring cash into China

The rising spending power of 1.4b people proves too hard to resist

Global / Currencies

Thailand’s economy expected to post muted recovery

November 15, 2019
Thailand’s economy expected to post muted recovery

The government has said it will implement more stimulus if needed

Developed Markets / Equities

Risk rally stalls below all-time highs

November 15, 2019
Risk rally stalls below all-time highs

Rising producer prices and more initial jobless claims gave traders few reasons to change bets

Global / Perspectives

Post FOMC: Stay engaged in risk assets

November 01, 2019
Post FOMC: Stay engaged in risk assets

Our analysis of the US global cyclicals over non-cyclicals ratio vs the UST 10-year yield suggests that the bond market has overpriced US recession risk.

Global / Perspectives

Is the US slipping into an earnings recession?

October 22, 2019
Is the US slipping into an earnings recession?

Ongoing corporate shares buyback will continue to underpin US earnings momentum; Stay invested in US equities via a thematic approach.

Global / Perspectives

A broadening equity rally

September 20, 2019
A broadening equity rally

The combination of monetary accommodation and firm economic conditions is constructive for the S&P 500. Stay invested within the Barbell Strategy.

Featured Publications

Singapore / Consumer

Singapore Downstream F&B: Mass-market F&B set to sizzle

October 22, 2019
Singapore Downstream F&B: Mass-market F&B set to sizzle

Our analysts took a deep dive exploring the F&B business environment in Singapore, and examined how businesses can thrive in this lucrative, yet ever changing landscape.

China / Real Estate

China Property Management: Catch the rising stars

October 09, 2019
China Property Management: Catch the rising stars

Our analysts took a deep dive exploring China’s property management sector as interest in property investment continues to grow along with the country’s burgeoning economy.

Vietnam / Equities

Understanding Vietnam: A Rising Star

September 19, 2019
Understanding Vietnam: A Rising Star

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.