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Global / Wealth Dailies

Equities skirmish over economic, trade, geopolitical issues

May 24, 2018
Equities skirmish over economic, trade, geopolitical issues

Wealth Dailies rounds up overnight markets with Market Snapshot, Singapore Wired Daily, and Regional Morning Pack

Global / Equities

Tiffany sparkles at all-time high

May 24, 2018
Tiffany sparkles at all-time high

US stocks rebound as Fed says no reason to rush rates

Global / Currencies

Lira heads for crisis mode

May 24, 2018
Lira heads for crisis mode

The currency suffers its biggest loss in almost a decade

Global / Insights

DBS Chief Investment Office Collection 2018

May 22, 2018
DBS Chief Investment Office Collection 2018

The DBS Chief Investment Office brings you insights and analysis on what's driving global financial markets to help you make informed investment decisions

Asia / Commodities

Petro-CNY: Timing, reach, geopolitics, and implications

April 23, 2018
Petro-CNY: Timing, reach, geopolitics, and implications

As the world’s biggest buyer of oil, China may view the settlement of oil in Chinese yuan as a natural course of development.

Asia / Equities

Asia outperformance to persist

April 18, 2018
Asia outperformance to persist

We continue to believe that Asian equities are poised for further outperformance; we prefer exposure to Hong Kong/China and emerging ASEAN.

Global / FX Tactical

Gold is still appealing

May 23, 2018
Gold is still appealing

Price action shows that gold is near a pivot

Global / FX Tactical

Nascent demand for silver returns

May 22, 2018
Nascent demand for silver returns

We should see an advance for prices to complete a triangle pattern

Global / FX Tactical

Making a guarded bid for GBP/USD

May 21, 2018
Making a guarded bid for GBP/USD

The unfolding price action is possibly bullish

Insights and Analysis

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Global / Insights

Economics, Currencies & Rates Research

May 23, 2018
Economics, Currencies & Rates Research

DBS tracks developments in the economies, foreign exchange and fixed income markets of the Asia-11 (China, Hong Kong, Taiwan, Korea, Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam...

US / Rates

USD Rates: Compressed term premium

May 23, 2018
USD Rates: Compressed term premium

Compressed term premium largely reflects decreased uncertainties over the USD rate outlook over the coming quarters

Taiwan / GDP

Will the Sino-US trade negotiations hurt South Korea and Ta...

May 22, 2018
Will the Sino-US trade negotiations hurt South Korea and Taiwan?

If China “significantly increases” its purchases of American goods and services, would that crowd out South Korea and Taiwan? The risk is low, in our view, as China imports trade-critical...

China / Real Estate

China REITs: Property landlords to shine

May 23, 2018
China REITs: Property landlords to shine

We believe removing legislative obstacles is the first step that the government needs to establish a modern REIT regime. Also, we believe that relaxation of policy and taxation is more conducive to g...

China / Consumer

Another round of re-rating is imminent

May 23, 2018
Another round of re-rating is imminent

China’s education sector has surged by almost 40% YTD, with most of the stocks gaining more than 30%. We continue to prefer K12 players to universities due to K12’s better growth prospects.

China / Consumer

Auto tariffs cut as promised

May 23, 2018
Auto tariffs cut as promised

The import tariffs on cars will be cut to 15%. Import tariffs on automotive parts will also be cut to 6%. Luxury automobile dealerships are expected to benefit. Our picks: China ZhengTong, China Yong...

Singapore / Equities

Singapore’s 1Q18 GDP rose 4.4% from a year ago

May 24, 2018
Singapore’s 1Q18 GDP rose 4.4% from a year ago

Singapore's 1Q18 GDP 1.7% quarter-on-quarter, slightly above the Bloomberg consensus of 1.6%, and 4.4% year-on-year. For more, check out today's Singapore Wired Daily.

Global / Equities

Weekly Global ETF Commentary

May 21, 2018
Weekly Global ETF Commentary

Despite strong earnings reports, investors remained cautious on the back of the rise in Treasury yields, U.S.-China trade talks and geopolitical risks. However, U.S.-listed ETFs continue to attract s...

Singapore / Equities

Singapore Model Portfolio

May 17, 2018
Singapore Model Portfolio

The average return of our active portfolio stocks improved to 7.1% from 3% in the previous month and outperformed the STI by 3.5% compared to 2.5% in the previous month.

What's New

Our latest views

Here's a list of reports we released recently.

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Buy Hold Sell

Asia-wide Coverage

In-depth and latest analyses on individual company stocks across multiple Asian markets and key industry sectors.

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Stocks to Watch

Model Portfolio

Here are our lists of recommended stocks, built for risk profiles ranging from Conservative to Balanced.

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Economics Daily

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Singapore / Rates

SGS : How rich is the 5Y?

May 15, 2018
SGS : How rich is the 5Y?

The 5Y tenor of the SGS curve has been rich since the 2008/09 crisis

South Korea / Rates

Korea Treasury Bonds: Outperformance largely done

April 30, 2018
Korea Treasury Bonds: Outperformance largely done

While we think that the outperformance of Korea Treasury Bonds may be largely done, they are still extremely attractive from a USD-hedged perspective.

Hong Kong / Rates

HKD under pressure; Hibor to jump

April 26, 2018
HKD under pressure; Hibor to jump

Amid strong rate-hike expectations, HIBOR-LIBOR spreads have widened to the highest level, last seen in 2008. We think the prime lending rate will jump soon and likely reach 5.75% by end-2018.

Global / FX

Macro strategy: Turkish Lira the poster boy of EMFX stress

May 24, 2018
Macro strategy: Turkish Lira the poster boy of EMFX stress

Even after the 300bps hike, it is too early to conclude that the worst is over for the Turkish Lira. 10Y UST yields are back below 3%. Singapore's GDP grew by 4.4% in 1Q18

Global / GDP

This week: Upsides to GDP and inflation

May 21, 2018
This week: Upsides to GDP and inflation

First quarter GDP releases for Singapore and Taiwan would see slightly stronger growth while inflation in Hong Kong, Malaysia and Singapore will show a pick-up in price pressure; meanwhile Bank of Ko...

Global / Rates

India's bond blues; USD gathers momentum

May 04, 2018
India's bond blues; USD gathers momentum

With rate hike risks back on the table, 7% is likely to mark a floor for the 2Y yields.Meanwhile, the greenback will be looking for a lift from Friday’s US nonfarm payrolls. For more on currenc...

Featured Publications

Asia / Telecommunications

Asian Telecom: Clear-cut view via the ‘Digital Prism’

February 02, 2018
Asian Telecom: Clear-cut view via the ‘Digital Prism’

With about 40% of their service revenue at risk in Asia, telecom operators have had to transform themselves into digital players. But some are going down the wrong route.

China / Technology

China Internet: Where does online ad spend go?

January 24, 2018
China Internet: Where does online ad spend go?

We explore the changing face of online advertising in China, where both advertisers and platforms are becoming more sophisticated in the way they spend and make money. Tencent, Baidu, and Alibaba wil...

Hong Kong / Consumer Services

Hong Kong Hotels: Time to check in

December 05, 2017
Hong Kong Hotels: Time to check in

With the recovery of visitor arrivals to Hong Kong, hotels in the city should see a revival in fortunes; room rates and occupancy should rise, ringing in more attractive returns for operators and man...