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India / GDP

Quick fixes threaten macro-stability

September 20, 2017
Quick fixes threaten macro-stability

As India’s growth slows, the market is likely to crank up calls for stimulus. But we think that the costs of targeting faster growth via fiscal or monetary policy are likely to outweigh the benefits.

Taiwan / GDP

Taiwan and ASEAN: A step closer

September 19, 2017
Taiwan and ASEAN: A step closer

There is plenty of room for Taiwan to diversify from China to Southeast Asia; we assess the opportunities and risks in the ASEAN market – looking at growth prospects, labour resources, and macroecono...

Global / GDP

Q4 Outlook: Enduring myths

September 07, 2017
Q4 Outlook: Enduring myths

The myth that Asia is still dependent on the US for growth needs to be popped; it won’t be long, we believe.

China / Real Estate

Encouraging rise in traffic to sales offices

September 20, 2017
Encouraging rise in traffic to sales offices

Guangzhou, Foshan, and Zhongshan are reporting more interest from potential home-buyers; we have developers CIFI, Yuzhou, KWG, Yanlord, and Yuexiu on our radar.

China / Real Estate

Insurance funds banned from investing in property

September 20, 2017
Insurance funds banned from investing in property

A weekly snapshot of the Chinese property market – from sales volume to inventory levels – in the Tier-I to -III cities; as well as an overview of the share performance of sector players.

China / Consumer

Education sector to re-rate

September 18, 2017
Education sector to re-rate

We have revised our target price to 25-28x FY18 price-to-earnings to reflect the new market views on the sector; Yuhua remains our top pick.

Hong Kong / Equities

Time to take some chips off the table?

September 19, 2017
Time to take some chips off the table?

We are seeing some signs that the Hong Kong market is losing steam, and some risks are growing. Investors should take profit in automakers and Chinese consumer stocks.

Global / Equities

Not all ETFs are thriving

September 18, 2017
Not all ETFs are thriving

Exchange-traded funds (ETFs) are gathering assets at a record pace but not all are thriving, with a record 42 ETFs scheduled to close in September. For more, see our Weekly Global ETF Commentary.

Global / Equities

Inflows running at more than double last year’s pace

September 11, 2017
Inflows running at more than double last year’s pace

The US market’s rally might have paused in August, but net inflows into ETFs showed no signs of slowdown. Inflows this year are running at more than double last year’s pace. For more details, see our...

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India / GDP

Is India putting the brakes on fiscal consolidation?

September 22, 2017
Is India putting the brakes on fiscal consolidation?

Indian press is reporting that a fiscal stimulus package is under consideration. With revenues lagging behind, this would mean the government is choosing to prioritise growth over fiscal discipline.

Japan / GDP

Keeping rates steady amid political worries

September 22, 2017
Keeping rates steady amid political worries

The Bank of Japan – and the market – are now focusing the Federal Reserve’s monetary tightening and North Korean tensions, as well as the possibility of a snap election in Japan.

Indonesia / Rates

Will the outcome of the FOMC meeting change Bank Indonesia’...

September 22, 2017
Will the outcome of the FOMC meeting change Bank Indonesia’s tone?

We reckon that a cut of 25 basis points is likely on Friday, given the BI’s dovish tendency of late. But it will be interesting to see if BI may alter its tone following the meeting of the Federal Op...

Europe / Currencies

EUR bulls wary of German election outcome

September 22, 2017
EUR bulls wary of German election outcome

The EUR/USD picked up ahead of this weekend’s federal elections in Germany, but the upside is limited, with all parties likely to fall short of a majority and likely gains by the far-right opposition

US / Currencies

Trump tax cut would bolster USD recovery

September 21, 2017
Trump tax cut would bolster USD recovery

The US Federal Reserve’s decision to start unwinding its balance sheet from October was a boost for the USD, which is now looking for a corporate tax cut to be announced next week.

Europe / GDP

Wage growth shows signs of life

September 21, 2017
Wage growth shows signs of life

There’s narrowing labour slack in the Eurozone as seasonally adjusted wage growth rose 1.8% year-on-year in 2Q17, the strongest pace in two years.

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Global / Currencies

The dollar surges

September 21, 2017
The dollar surges

The Fed's hawkishness spurs the greenback to one-week high

Asia / Equities

Asian markets mixed

September 21, 2017
Asian markets mixed

Investors turn attention away from geopolitical tensions

Developed Markets / Equities

US equities little changed

September 21, 2017
US equities little changed

Stocks held at all-time highs despite Fed's announcement

Global / Insights

US debt ceiling, tax reform take centre stage

August 28, 2017
US debt ceiling, tax reform take centre stage

Investors are increasingly buying protection for downside risks

Global / Insights

EM outperforms DM on mounting US political turmoil

August 21, 2017
EM outperforms DM on mounting US political turmoil

Global investors are seeking cheaper exposures to equities

Global / Insights

Risk assets: shaken, but not stirred

August 14, 2017
Risk assets: shaken, but not stirred

Despite the volatility, the magnitude of the recent correction suggests that markets have been pricing in an eventual resolution to the crisis

Global / Outlook

3Q17: Desperately seeking value

June 27, 2017
3Q17: Desperately seeking value

Neither feast nor famine - that is the frustrating outlook for global equities

Global / Equities

The markets needed a correction; they will get it

May 19, 2017
The markets needed a correction; they will get it

After all, this is a market priced for perfection – not a loose cannon President, say DBS Chief Investment Officer Lim Say Boon and Strategist Jason Low

Global / Equities

Have global equities hit stall speed?

May 12, 2017
Have global equities hit stall speed?

DBS Chief Investment Officer Lim Say Boon thinks global equitiesmay be about to fall out of their trading ranges.

Featured Publications

China / Real Estate

China Retail Property: Don’t underestimate rental upside

September 07, 2017
China Retail Property: Don’t underestimate rental upside

While retail space in China is set to increase over the next couple of years, we think that the risk of oversupply is overstated; we analyse the trends and dynamics which we believe would prop up ret...

Global / GDP

Q4 Outlook: Enduring myths

September 07, 2017
Q4 Outlook: Enduring myths

The myth that Asia is still dependent on the US for growth needs to be popped; it won’t be long, we believe.

Global / Oil and Gas

Oil price: Rebalancing underway

August 25, 2017
Oil price: Rebalancing underway

We have lowered our 2017 Brent crude oil price forecast by US$5 per barrel due to higher-than-expected US shale production. But we remain positive on rebalancing in 2H17 and into 2018.