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Global / GDP

Weekly: Nowcast Update; FX forecast revision

June 22, 2018
Weekly: Nowcast Update; FX forecast revision

Our Nowcast estimates show solid Q2 growth in China, India, and Singapore. With the Fed likely to hike twice more in 2018, further USD rally looks inevitable, entailing a revision of our FX forecasts

Global / Economics & Strategy

Research Library

June 22, 2018
Research Library

Research Library

Global / GDP

Weekly: World Cup, Economies, and Markets

June 14, 2018
Weekly: World Cup, Economies, and Markets

Our top-two picks for the World Cup are Germany and Brazil. Top ranking in football is the playground of middle- and upper-income economies. When ranking falls below 50, income and performance link f...

China / Real Estate

Personal tax adjustments to reduce burden on home ownership

June 21, 2018
Personal tax adjustments to reduce burden on home ownerships

We believe concerns over the credit environment for developers will continue to weigh on market sentiment for the sector. Our Picks: Shimao (813), CIFI (884)

Asia / Commodities

CPO exports to rebound, support prices

June 20, 2018
CPO exports to rebound, support prices

Astra Agro (AALI), Lonsum ( LSIP), Bumitama (BAL), First Resources (FR), Wilmar (WIL) and TSH Resources (TSH) remain our top BUY

Thailand / Real Estate

Thai Property: Who were doing well in recent launches?

June 20, 2018
Thai Property: Who were doing well in recent launches?

We maintain our Overweight rating on the counter, given its attractive valuation with average 2018 PE of 8.8x and its generous 2018 dividend yield of 5.5%. Our top picks are ANAN and ORI

Singapore / Equities

SembCorp Marine vulnerable to OPEC decision to up productio

June 22, 2018
SembCorp Marine vulnerable to OPEC decision to up production

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

China / Equities

Trade Tension: Episode II

June 20, 2018
Trade Tension: Episode II

Stocks to watch: CRRC Corp, China Jinmao Holdings, Xinjiang Goldwind-H, CNOOC, Tongda Group, China New Higher Education, China Taiping, China Southern Airlines, China Shenhua Energy

China / Equities

Exploration: Kin Yat Holdings and Shenzhen Neptunus Interlo...

June 19, 2018
Exploration: Kin Yat Holdings and Shenzhen Neptunus Interlong Bio-tech

Our Picks: Kin Yat Holdings (638 HK) and Shenzhen Neptunus Interlong Bio-tech (8329 HK)

Economics Daily

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Hong Kong / Rates

The Hibor overshoot

June 18, 2018
The Hibor overshoot

Tighter HKD liquidity is expected as G3 central banks pull back on stimuli.

Singapore / Rates

SGS: RV vs IRS

May 31, 2018
SGS: RV vs IRS

SGS are cheap compared to swaps.

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

Singapore / FX

Macro Strategy

June 22, 2018
Macro Strategy

Stronger USD, higher Sibors/SORs; watch Turkey elections

Global / GDP

This Week: Prospect of 2nd BSP hike

June 18, 2018
This Week: Prospect of 2nd BSP hike

The central banks of Taiwan and Thailand are expected to keep rates on hold while Philippines’ Bangko Sentral ng Philipinas could hike 25bps in decisions this week.

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...

Market Movers

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Global / Wealth Dailies

Investors in risk-off mode amid deepening trade tensions

June 22, 2018
Investors in risk-off mode amid deepening trade tensions

Wealth Dailies rounds up overnight markets with Market Snapshot, Macro Strategy, Singapore Stock Pulse, and Regional Morning Pack

Asia / Equities

China’s big tech stock plan gets Xiaomi snub

June 22, 2018
China’s big tech stock plan gets Xiaomi snub

Australia stocks hit new 10-year high

Global / Equities

US, Europe stocks fall as risk-off mood takes over

June 22, 2018
US, Europe stocks fall as risk-off mood takes over

Concerns over the outlook for global trade and growth linger

Global / Insights

DBS Chief Investment Office Collection 2018

June 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 / Outlook

3Q18: Steer Through Rough Seas

June 20, 2018
3Q18: Steer Through Rough Seas

DBS Chief Investment Officer Hou Wey Fook shares how to navigate markets in 3Q18

Global / FX Tactical

USD/CAD is trading a picture of two halves

June 18, 2018
USD/CAD is trading a picture of two halves

In the near-term, USD/CAD is moving toward an overbought posture; but the longer-term still shows CAD weakness

Global / FX Tactical

EUR hurt by ECB dovishness, German political fragmentation

June 18, 2018
EUR hurt by ECB dovishness, German political fragmentation

The euro suffers a nasty knock lower

Featured Publications

Singapore / Real Estate

Singapore Property: Room to Upgrade

June 08, 2018
Singapore Property: Room to Upgrade

Demand for new private homes projected to remain above historical average

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...

Singapore / Technology

Singapore Digital Transformation

May 15, 2018
Singapore Digital Transformation

We believe that there is a level playing field across the financial, logistics and aviation sectors now whereas the playing field is tilted in favour of digital challengers in the retail and land tra...