Vasuki Shastry on “Has Asia Lost It?”
Economics and Macro Strategy
The GBA will take a more visible role in 2021-25 leveraging on the comparative advantage of each city to deepen connection holistically with rest of the world.
China’s residential property sector turned in a solid performance in 1Q21 and we believe it has potential to ink another year of record-high sales.
We believe the recovery in China’s airlines sector remains intact, but investors need to watch out for speed bumps ahead. Find out what is slowing down the recovery.
The COVID-19 pandemic impacted many financially but as the economy recovers, have fates changed?
As we are currently at the early stage of the interest rate cycle in Hong Kong, we prefer cyclical recovery plays over defensives. Find out what other themes we are looking at.
Recent spikes in US long-term yields have triggered profit-taking in the Hong Kong market but we think this is a buying opportunity.
We expect southbound fund flows into the Hong Kong market to slow going forward, but it should remain at a higher level than previous years, which bodes well for the HSI.
The world’s two largest economies are undergoing robust rebounds. China and the US are on course to print sufficient GDP growth this year to make up for the lost output of 2020.
The outturn is consistent with PBOC’s monetary policy normalisation strategy but fears over tightening maybe overdone.
The Singapore economy is expected to post its first positive year-on-year growth since the pandemic.
Cautious ahead of next week’s FOMC meeting.
Next fortnight to be less optimistic.
Building pay positions for US 10Y bond yield below 1.60%.
Stocks fell as expectations that the central bank would loosen its purse strings were dashed
Head of the BOJ’s payment systems says the dollar may strengthen further with digitalisation
The S&P 500 sees another all-time high
We believe there is still upside potential for gold to trade towards our price target of USD2,000/oz by year-end
Position for US infrastructure plan through exposure to US semiconductors and hardware companies
Investors should continue to switch from cash to short duration credit, given a track record of outperformance by the latter in the long run
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.
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 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.