Insights and Analysis

In-depth and broad analysis of major developments in Asia's economic activity, policy, equity, property and currency markets and what they mean for our clients.

Economics

Singapore / Growth, Fiscal

Singapore Budget 2021: Supporting the recovery...

January 19, 2021

Budget 2021, due on 16th February, will be crucial in supporting the recovery process.

Key summary points
  • Budget 2021 will remain expansionary in stance but characterized by targeted policy measures
  • There will be continued focus on supporting wages, creating new jobs, and upskilling
  • There will be help to enable companies to leverage on the opportunities in the recovery
  • An overall deficit of about SGD 10-12bn (2.1-2.5% of nominal GDP) is expected

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There were no dcr path found

Macro Insights

India’s Economies and Markets Around Elections

March 05, 2019

Industry

China / Communication

China Telecom Sector: Time to bottom fish

January 18, 2021
China

The panic sell-off on Chinese telecom operators due to a US executive order offers an attractive buying opportunity as we expect the sector’s earnings outlook to improve in 2021.

China / Real Estate

China property sector: En route to valuation recovery

January 18, 2021
China

We believe China’s property sector is on its way to a valuation recovery, thanks to multiple positive catalysts. Find out who are our top picks.

Equity Strategies

Hong Kong / Equities

Hong Kong 2021 Strategy: Getting back on track...

January 05, 2021

As vaccine developments ease fears, the rise in global risk appetite bodes well for the underperforming Hong Kong market.

Key summary points
  • Post-COVID-19 earnings recovery could spring a positive surprise in 2021
  • Rise in global risk appetite bodes well for the underperforming Hong Kong market
  • Undervalued cyclical recovery plays are more attractive now
  • But regulatory concerns could continue to drag new economy names
  • Our 12-month HSI target is 29,300 and represents 11.2x FY22F earnings

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There were no dcr path found

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