Asia / Singapore

Singapore

Group Research / October 01, 2019

Photo Credit - AFP

Singapore
 20182019f2020f2021f
GDP growth, % YoY3.10.61.41.8
CPI inflation, % YoY0.40.61.11.5
 1Q202Q203Q204Q201Q21
Exchange rates, end of period1.401.391.381.371.36
Policy interest rates, end of period1.601.601.601.601.60

Singapore Industry Insights

Singapore / Real Estate
Singapore Office: A store of value

Singapore Office: A store of value

December 04, 2019

Robinson Centre reportedly close to being sold for c. S$340 million to ARA private fund, further enforcing robust demand for office space in Singapor...

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Singapore / Real Estate
Singapore Property: “Santa” is watching you

Singapore Property: “Santa” is watching you

December 04, 2019

High pipeline supply prompts Singapore government to keep residential units steady in recent land sales programme.

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Singapore / Financials
Singapore Banks: Dividend yields a bright spot

Singapore Banks: Dividend yields a bright spot

December 02, 2019

NIM pressures, worsening US-China trade relations and uncertain macroeconomic outlook continue to weigh on Singapore banks.

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Singapore Economics Insights

Singapore / Growth
Singapore outlook 2020: Getting out of the woods

Singapore outlook 2020: Getting out of the woods

November 18, 2019

A trough in the growth cycle is in the making, with outlook expected to improve gradually. GDP growth is expected to register 1.4% in 2020 while infl...

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Singapore / Growth
Singapore Chartbook: No technical recession but support is still warranted

Singapore Chartbook: No technical recession but support is still warranted

September 23, 2019

While the Singapore economy will avert a technical recession in 3Q19 (0.4% YoY, 2.1% QoQ saar), a robust fiscal budget and monetary easing will still...

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Singapore / Growth
Singapore Chartbook: Down but not out

Singapore Chartbook: Down but not out

June 03, 2019

Growth outlook in the near term appears grim but expect marginal improvement in the coming quarters.

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Singapore Economics Daily

Singapore / Growth
Singapore averts a technical recession despite weak growth

Singapore averts a technical recession despite weak growth

October 14, 2019

The Singapore economy has averted a technical recession. While economic outlook remains challenging, some signs of stabilization are emerging.

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Singapore / FX
Singapore: A gentler SGD slope in a tougher environment

Singapore: A gentler SGD slope in a tougher environment

October 07, 2019

Expect a flatter slope for the SGD NEER policy band.

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Singapore / Rates
SGD rates: Policy easing and rate outlook

SGD rates: Policy easing and rate outlook

September 12, 2019

SGD rates outperformance versus USD rates can continue.

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Singapore Equities

Singapore / Stock Pulse
Centurion further expands UK student accommodation assets

Centurion further expands UK student accommodation assets

December 09, 2019

For this and other ideas, please check out the Singapore Stock Pulse. Your go-to morning essential that inspires you with investment and trading idea...

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Singapore / Stock Pulse
Landlease portfolio set to benefit from rejuvenation plans

Landlease portfolio set to benefit from rejuvenation plans

December 06, 2019

For this and other ideas, please check out the Singapore Stock Pulse. Your go-to morning essential that inspires you with investment and trading idea...

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Singapore / Equities
Singapore Equity Picks

Singapore Equity Picks

December 05, 2019

The benchmark Straits Times Index (STI) rose 3% since our 16 October update buoyed by optimism of an upcoming ‘Phase 1’ US-China trade de...

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Disclaimers and Important Notices

The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

DBS Bank Ltd., 12 Marina Blvd, Marina Bay Financial Center Tower 3, Singapore 018982. Tel: 65-6878-8888. Company Registration No. 196800306E.

PT Bank DBS Indonesia, DBS Bank Tower, 33rd floor, Ciputra World 1, Jalan Prof. Dr. Satrio Kav 3-5, Jakarta, 12940, Indonesia. Tel: 62-21-2988-4000. Company Registration No. 09.03.1.64.96422.