Asia / Singapore

Singapore

Group Research / October 01, 2019

Photo Credit - AFP

Singapore
 20172018e2019f2020f
GDP growth, % YoY3.93.20.61.4
CPI inflation, % YoY0.60.40.51.1
 2Q193Q194Q191Q202Q20
Exchange rates, end of period1.351.381.421.411.41
Policy interest rates, end of period1.951.951.801.601.60

Singapore Industry Insights

Singapore / Financials
Singapore Banks: NIM pressures likely to kick in

Singapore Banks: NIM pressures likely to kick in

October 23, 2019

Neutral outlook on Singapore banks despite downside risks on NIMs given lower interest rates.

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Singapore / Consumer
Singapore Downstream F&B: Mass-market F&B set to sizzle

Singapore Downstream F&B: Mass-market F&B set to sizzle

October 22, 2019

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...

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Singapore / Telecom
Singapore Telecom Sector: Joint bid for 5G is the key for stocks

Singapore Telecom Sector: Joint bid for 5G is the key for stocks

October 18, 2019

Singapore government surprises market participants with announcement of two localised 5G licenses targeted at enterprises with more immediate needs.

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Singapore Economics Insights

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 / GDP
Singapore’s GDP: Expect a better 2H19

Singapore’s GDP: Expect a better 2H19

April 16, 2019

While 1Q19 GDP has disappointed, growth is expected to pick up in 2H19.

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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
NIM pressures weigh on local banks

NIM pressures weigh on local banks

October 23, 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

October 22, 2019

The Straits Times Index (STI) has declined 2.9% since our 16 September update on trade war uncertainties and weaker-than-expected US ISM manufacturin...

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Singapore / Stock Pulse
Equity Picks: STE adds S$1.8b worth of contracts to its orderbook

Equity Picks: STE adds S$1.8b worth of contracts to its orderbook

October 22, 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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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.