Economics and Macro Strategy
Ample liquidity, low rates, tech cycle trough, relaxed fiscal, and a trade war détente are helping the outlook. Potential spoilers: civil unrest, cyber-attacks, climate, pandemics, geopolitics.
Run rate of the FY20 math suggests the 4QFY20 turnaround might be insufficient to contain slippage.
Decent upside expected from China’s property sector on the back of widely anticipated easing policy and good annual results from developers in 2019.
What would it take to bring a domestic smart home appliance manufacturer to the global stage? Our analysts studied the evolving preferences of Chinese consumers and have some answers.
Fallout from ongoing civil unrest in Hong Kong weighs on local property sector, as growing vacancies drags office rentals in Central.
Regional equities should carve out a better year ahead as US-China trade tensions ease, monetary policies stay accommodative and focus turns to fiscal support.
Partial trade deal between US and China, coupled with buzzling activity on the HK Stock Exchange, rekindles risk appetite for investors.
Phase 1 trade deal a respite for Hong Kong market, which has underperformed most of its peers due to the impact of trade war and civil unrest.
Real GDP growth stabilized at 6.0% in 4Q19 and brought full-year growth to 6.1% in 2019.
Phase 1 trade deal allows US President Trump to assert gains from a zero-sum approach to negotiations.
The US and China formally signed the phase 1 trade deal on January 16. The impact of this deal on Taiwan is expected to be neutral.
European currencies are weak versus the USD. Pressure for further BOJ easing has reduced.
FX returns were mixed after the Phase 1 deal. USD liquidity is flush. Watch for Fed taper.
Optimism on China-US trade deal already reflected in market. BOK is expected to keep rates on hold.
Phase one trade deal leads investors to assume that a negative threat to global growth is removed
There have been no massive outflows of capital, says Deputy Chief of the HKMA
Positive economic data, low interest rates, and easing trade tensions propel investor optimism
The investment portfolio that tracks the DBS CIO Barbell Strategy has appreciated 7.1% since its launch on 28 August 2019.
As central banks return to monetary easing, we expect risk assets to be supported.
Stay pro-risk and stick to “quality” stocks; our “Quality Play” theme has registered strong outperformance since our initiation.
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.