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Asia / Equities

Asia stocks rise to 10-year high

July 28, 2017
Asia stocks rise to 10-year high

Investors cheered by strong earnings

Developed Markets / Equities

Most US equities fall as volatility rises

July 28, 2017
Most US equities fall as volatility rises

But the Dow Jones hits a fresh record, again

Global / Currencies

The dollar rebounds from 14-month low

July 28, 2017
The dollar rebounds from 14-month low

Profit-taking helped the greenback rebound ahead of key data releases

Global / Insights

DBS Chief Investment Office Collection

July 28, 2017
DBS Chief Investment Office Collection

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

Global / FX Currents

GBP is holding steady

July 27, 2017
GBP is holding steady

Despite a near-term consolidative tone, we maintain our tactical longs

Global / Insights

Monetary Accommodation and Upbeat Earnings Boost Equities

July 24, 2017
Monetary Accommodation and Upbeat Earnings Boost Equities

Global equities grinded higher amid ongoing monetary accommodation and upbeat corporate earnings

Global / Equities

Gilead Sciences meets target

July 28, 2017
Gilead Sciences meets target

Gilead's medium-term outlook is improving, so look for opportunities during dips. See also: China Communications Construction, Royal Dutch Shell

Global / Equities

Video: Desperately seeking value in 3Q17

July 27, 2017
Video: Desperately seeking value in 3Q17

DBS Chief Investment Officer Lim Say Boon discusses the frustrating outlook for global equities

Japan / Equities

East Japan Railway could retest the June high

July 27, 2017
East Japan Railway could retest the June high

The recent dip in East Japan Railway Company (JR East) provides a tactical long opportunity

Insights and Analysis

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China / Rates

Bond Connect sees solid demand

July 17, 2017
Bond Connect sees solid demand

The Bond Connect programme, which was launched on 3 July, has been seeing solid demand; the RMB16bn bond issue by Agricultural Development Bank of China was ten times oversubscribed

Taiwan / GDP

A temporary pause

July 11, 2017
A temporary pause

Taiwan’s economy will likely strengthen in the second half as new consumer electronics are introduced later in the year; we expect growth of 2.5% this year and 2.3% next year with upside risks to the...

Global / Currencies

Has the EUR peaked?

July 04, 2017
Has the EUR peaked?

The market may be too hasty in expecting the ECB to step up its exit from quantitative easing. We continue to see EUR/USD consolidating within its post-QE range of US$1.04-$1.16.

Singapore / Real Estate

Healthy appetite for land sales in Singapore

July 28, 2017
Healthy appetite for land sales in Singapore

The two tenders for land sites located in Serangoon Gardens closed recently, with the winning bids totalling S$1b.

Hong Kong / Industrials

HK aircraft leasing plays undervalued and under-appreciated

July 26, 2017
HK aircraft leasing plays undervalued and under-appreciated

We expect BOC Aviation and China Aircraft Leasing Group share prices to re-rate as they deliver on earnings growth.

Asia / Consumer Services

ASEAN Aviation: Buy LCCs and Thai aviation

July 26, 2017
ASEAN Aviation: Buy LCCs and Thai aviation

ASEAN air travel demand is on track for firm growth in 2017 and we believe low-cost carriers and Thai aviation-related plays will be the key beneficiaries.

Singapore / Equities

Downgrade Mapletree Commercial Trust to HOLD

July 28, 2017
Downgrade Mapletree Commercial Trust to HOLD

The stock has been downgraded to HOLD from BUY as it has hit our target price of S$1.62. For more top stories on Singapore’s market, see Singapore Wired Daily.

Singapore / Equities

Spotlight turns on rig builders

July 26, 2017
Spotlight turns on rig builders

We expect interest to rotate from banks, property, and technology to industrials and capital goods (e.g. rig builders) as Singapore’s economic recovery cycle shifts from early to mid-expansion.

Singapore / Equities

STI’s recent rally lacks follow-through

July 25, 2017
STI’s recent rally lacks follow-through

We hold that view as we believe investors will prefer to wait for the 2Q results season to unfold. As such, we are maintaining our portfolio picks in this update of the Singapore Model Portfolio.

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

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

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Indonesia / GDP

Indonesia’s budget deficit unlikely to hit 2.9% of GDP

July 28, 2017
Indonesia’s budget deficit unlikely to hit 2.9% of GDP

This year’s budget deficit is likely to come in around 2.6% of GDP despite the upward revision to 2.9% as it is highly unlikely we’ll see a full realisation of government expenditures.

Japan / Inflation

Weak inflation is here to stay

July 28, 2017
Weak inflation is here to stay

We think Japan’s CPI inflation will stay below the 1% mark for the rest of 2017 and 1H18, which will likely persuade the BOJ to keep monetary stimulus in place for an extended period.

Singapore / GDP

Expect an upward revision to 2Q GDP figures

July 27, 2017
Expect an upward revision to 2Q GDP figures

Singapore’s headline manufacturing output surged 13.1% year-on-year. The strong industrial production performance should prompt an upward revision to 2Q17 GDP figures to about 3%.

Europe / GDP

Looking for loan growth spillover

July 28, 2017
Looking for loan growth spillover

As Eurozone credit growth thaws, policymakers will be keen to see the extent to which the revival in investment growth improves pricing power and wage pressures.

US / GDP

Recovery is rounding out

July 28, 2017
Recovery is rounding out

Business investment has turned the corner to join the US economic recovery, which had, hitherto, been almost entirely driven by consumption and housing.

Global / Rates

Momentum-driven strategies in overnight tumble

July 28, 2017
Momentum-driven strategies in overnight tumble

The three key themes that markets have been running with over the past few months -- USD weakness, tech stock strength and very low implied volatility – all saw a reversal overnight.

Featured Publications

Thailand / Utilities

Thai Power: Excess Supply Lingers

July 17, 2017
Thai Power: Excess Supply Lingers

Given the current oversupply situation, including the capacity under development, we believe investment opportunities in Thailand’s power sector are limited.

China / Consumer Goods

China Pork: A meaty task to meet demand

July 04, 2017
China Pork: A meaty task to meet demand

Rising incomes and urbanisation would drive Chinese consumers towards a diet based more heavily on animal protein. We take a look at the pork industry, which would be enjoying both steady growth and ...

Global / GDP

Q3: Forging ahead

June 08, 2017
Q3: Forging ahead

Everything in the economy is back to normal. Best plan on one hike per quarter through mid-2019, with the risk that the Federal Reserve has to up the pace before then.