Insights and Analysis

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Global / Economics & Strategy

Research Library

September 20, 2019
Research Library

Economics and Macro Strategy

China / Rates

High Noon for distressed Chinese credit

September 17, 2019
High Noon for distressed Chinese credit

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.

Taiwan / Growth

Taiwan: Made-in-Taiwan (MIT) back to the fore

September 12, 2019
Taiwan: Made-in-Taiwan (MIT) back to the fore

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.

Indonesia / Commodities

Nickel and the Battery Revolution: A New Dawn for Nickel in...

September 18, 2019
Nickel and the Battery Revolution: A New Dawn for Nickel in Batteries

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.

China / Real Estate

China Property Sector: GFA sales return to positive territo...

September 16, 2019
China Property Sector: GFA sales return to positive territory

Accelerated sales growth in residential GFA propelled China residential property sales growth to 14.6%. Investors recommended to accumulate RMB resilient plays.

Asia / Technology

Super Apps in Financial Services: Business Models and Oppor...

September 12, 2019
Super Apps in Financial Services: Business Models and Opportunities

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 / 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.

China / Equities

Monthly Market Pulse: Cautiousness prevails amidst trade wa...

September 03, 2019
Monthly Market Pulse: Cautiousness prevails amidst trade war escalation

Volatile market conditions prompt for cautious guidance from company management as civil unrest continues to plague Hong Kong society.

China / Equities

Market Strategy: What if HK unrest ends?

August 15, 2019
Market Strategy: What if HK unrest ends?

Civil unrest in Hong Kong continue to weight on its economy with expectations for GDP growth to fall to 0% for the year.

Economics Daily

  • Economics
  • Macro Strategy
  • Economics
  • Macro Strategy
Global / Growth, Rates

Weekly: Literal and metaphorical smog

September 20, 2019
Weekly: Literal and metaphorical smog

Human-generated smog, literal and metaphorical, is characterising the global economic and markets outlook.

US / Monetary, Rates, FX

Fed cuts with 3 dissents and funding challenges

September 19, 2019
Fed cuts with 3 dissents and funding challenges

FOMC’s 25bps policy rate cut with little concern about the outlook left the market dissatisfied.

India / Growth, Rates

India: Round four of growth support measures

September 16, 2019
India: Round four of growth support measures

Finance Minister Sitharaman unveiled the fourth set of support measures over the weekend.

Global / FX

GBP, AUD, JPY, and CNY under focus

September 20, 2019
GBP, AUD, JPY, and CNY under focus

GBP, AUD, JPY, and CNY are under focus. China's loan prime rate to be watched.

Global / FX, Rates

Fed’s non-committal forward guidance; We still favour the U...

September 19, 2019
Fed’s non-committal forward guidance; We still favour the USD

The Fed delivers a hawkish cut. Central banks’ policies still favour the USD.

Global / FX, Rates

Liquidity management and the Fed; BOJ decision preview

September 18, 2019
Liquidity management and the Fed; BOJ decision preview

The Fed needs a permanent tool to better manage liquidity. The BOJ is set to hold fire for now.

Market Movers

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  • Daily Digest
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Global / Currencies

Pound jumps to highest in two months

September 20, 2019
Pound jumps to highest in two months

EU’s Juncker thinks a Brexit deal is possible by 31 October

Asia / Equities

China traders shift focus to loan prime rate

September 20, 2019
China traders shift focus to loan prime rate

Investors may grow even more hopeful for monetary easing after Friday

Developed Markets / Equities

Investors fail to find catalyst

September 20, 2019
Investors fail to find catalyst

US stock indices end the day where they started

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.

Global / Perspectives

China’s RRR cut to stimulate loan demand

September 09, 2019
China’s RRR cut to stimulate loan demand

We reaffirm our constructive stance on China’s large state banks for their c.6% dividend yield and compelling valuations.

Global / Perspectives

Dip in ISM manufacturing insignificant to S&P 500

September 04, 2019
Dip in ISM manufacturing insignificant to S&P 500

The Fed is expected to maintain an accommodative policy stance in such an environment, and this will benefit “income equities” such as Asia REITs.

Featured Publications

Malaysia / Infrastructure

KL-SG High Speed Rail: Riding the HSR Revival

July 19, 2019
KL-SG High Speed Rail: Riding the HSR Revival

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?

Asia / Consumer

Ride Sharing: Profitable or not?

May 27, 2019
Ride Sharing: Profitable or not?

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?

China / Equities

Greater Bay Area: In-depth Study

May 15, 2019
Greater Bay Area: In-depth Study

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.