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Global / GDP

Weekly Wrap: Thanksgiving

November 24, 2017
Weekly Wrap: Thanksgiving

2017 is turning out to be a year when many things could have gone wrong in the world economy but didn’t; Indeed, the ongoing economic momentum will readily carry Asia onto a strong start in 2018, in ...

Singapore / GDP

Stellar Q3; momentum to carry over into 2018

November 23, 2017
Stellar Q3; momentum to carry over into 2018

Singapore’s economy grew a stellar 5.2% in 3Q17, thanks to a solid performance by manufacturers. This momentum should continue into the new year, led by the services sector.

Indonesia / GDP

Indonesia in 2018/19: Higher gear?

November 20, 2017
Indonesia in 2018/19: Higher gear?

The Indonesian economy may expand at a quicker pace next year and in 2019, thanks to favourable domestic tailwinds and potentially positive external factors; investors should find Indonesian bonds an...

Singapore / Financials

A year of greater conviction

November 22, 2017
A year of greater conviction

We believe that an acceleration in net interest margin, better asset quality, and sustained loan growth could drive banks’ valuations even higher in 2018. We have Buy calls on both OCBC and UOB but w...

China / Real Estate

A review of buybacks and corporate actions since July

November 21, 2017
A review of buybacks and corporate actions since July

Chinese developers are not using the uptrend in their share prices to do equity fund-raising or buy back their shares. We think this is because they think there is further upside.

Singapore / Real Estate

Oxley wins Mayfair Gardens tender

November 20, 2017
Oxley wins Mayfair Gardens tender

The property developer bought the site for S$311m, a 21% premium to its asking price. We believe the new project may attract a high level of buying interest.

Singapore / Equities

Upping weightage on O&M plays

November 24, 2017
Upping weightage on O&M plays

The move paid off, thanks to rising optimism about the rig-market recovery. Given the spillover effects into the OSV space, we are adding POSH to the Singapore Model Portfolio.

Indonesia / Equities

Indonesia raised to Overweight

November 24, 2017
Indonesia raised to Overweight

We believe the current rich valuation in Indonesia is sustainable, as 2018 earnings could lift the Jakarta Composite Index towards 6,800.

Singapore / Equities

Adding ThaiBev back into Model Portfolio

November 24, 2017
Adding ThaiBev back into Model Portfolio

We expect its performance to improve as consumption recovers following the end of a year-long mourning period for the late Thai king. For more, check out today’s Singapore Wired Daily.

Economics Daily

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China / Rates

Bond sell-off deepens despite cash injection

November 23, 2017
Bond sell-off deepens despite cash injection

China’s bond yields remain elevated at a multi-year high in spite of PBoC’s cash injection this week; a major challenge for Beijing will be to contain leverage without turning the ongoing...

Asia / Currencies

Asian currencies stand out

November 23, 2017
Asian currencies stand out

November continues to be an outstanding month for Asian currencies. For more on currencies and rates, check out our Overnight Wrap and the Day Ahead.

India / GDP

External trade faces headwinds

November 22, 2017
External trade faces headwinds

The traditional mix of India’s export basket has prevented the economy from benefiting from the upturn in the regional export cycle. This, along with firm imports, spells trouble for the current acco...

Europe / GDP

Political risk returns

November 20, 2017
Political risk returns

Eurozone political concerns are back on the radar after German Chancellor Angela Merkel’s attempts to form a new government with a ‘Jamaica coalition’ failed; the EUR notched the biggest intraday dro...

Global / Currencies

A dichotomous currency market this week

November 17, 2017
A dichotomous currency market this week

Asian currencies fared better than major currencies in the first four days of this week, as the weakness of the USD reverberated across markets. For more on currencies and rates, check out our Overni...

Global / Currencies

Markets turn defensive

November 16, 2017
Markets turn defensive

Wednesday was characterised by risk aversion, with the EUR unable to sustain the lift it received from the strong German GDP data on Tuesday. For more on currencies and rates, check out our Overnight...

Market Movers

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Developed Markets / Equities

European stocks little changed

November 24, 2017
European stocks little changed

US markets close for the Thanksgiving holiday

Asia / Equities

Most Asian bourses fall

November 24, 2017
Most Asian bourses fall

Unease ripples through China’s stock market

Global / Currencies

The pound halts winning streak

November 24, 2017
The pound halts winning streak

Investors judge the rallyis overdone

Global / Insights

DBS Chief Investment Office Collection

November 24, 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

Yen is still the last shoe to fall

September 07, 2017
Yen is still the last shoe to fall

It has tried the 108s seven times, but this time it might be different

Global / Insights

Investors Hedge Downside Risks with Gold

September 04, 2017
Investors Hedge Downside Risks with Gold

Gold on the rise amid dollar weakness, "dovish" Fed, and lingering geopolitical uncertainties

Global / FX Tactical

Siding with bears for AUD/NZD in short term

November 23, 2017
Siding with bears for AUD/NZD in short term

The NZD leg is the one that will crack this puzzle, and it looks oversold

Global / FX Tactical

USD/JPY is still a “work in progress” play

November 22, 2017
USD/JPY is still a “work in progress” play

USD/JPY's reversal from 114.73 now spells a triple resistance

Hong Kong / Equity Tactical

China Railway Group's rally derails

November 21, 2017
China Railway Group's rally derails

The stock fell below a crucial support area

Featured Publications

Asia / Technology

Data Centre & Cloud: Divestments and M&As to accelerate in ...

November 10, 2017
Data Centre & Cloud: Divestments and M&As to accelerate in 2018

Our analysis of data centres across the region shows that Indonesia offers the best return on invested capital; telcos however can unlock the true value of their data-centre assets by divesting them.

Singapore / Real Estate

Singapore Property: More (land)-bank for buck

November 10, 2017
Singapore Property: More (land)-bank for buck

As market indicators point to a recovery in property prices from 2018, we expect more developers to bid for land more aggressively. We also look at potential collective-sale projects and the players ...

Southeast Asia / Consumer Services

Asean Grocery Retail: Will online grocery retail take off i...

October 25, 2017
Asean Grocery Retail: Will online grocery retail take off in ASEAN?

While online grocery retail is still in its infancy – and still has obstacles to overcome, it will gain traction over the next few years across Southeast Asia. It should not be a significant threat t...