Country / Hong Kong

Hong Kong

Group Research / April 01, 2019

Photo Credit - AFP

Hong Kong
 20172018e2019f2020f
GDP growth, % YoY3.83.30.00.5
CPI inflation, % YoY1.52.52.72.5
 2Q193Q194Q191Q202Q20
Exchange rates, end of period7.817.847.857.847.84
Policy interest rates, end of period……………
/aics/search.page[Akamai-Origin-Hop] = [2] [Accept] = [text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8] [User-Agent] = [CCBot/2.0 (https://commoncrawl.org/faq/)] [Connection] = [close] [X-Forwarded-Host] = [www.dbs.com] [Host] = [runtime-prod-01-pwebdsgsmc.sgp.dbs.com:8343] [Accept-Encoding] = [gzip] [True-Client-IP] = [3.228.21.186] [Akamai-Origin-Request] = [1] [Via] = [1.1 v1-akamaitech.net(ghost) (AkamaiGHost), 1.1 akamai.net(ghost) (AkamaiGHost)] [X-Akamai-CONFIG-LOG-DETAIL] = [true] [Cache-Control] = [max-age=21600] [X-Forwarded-For] = [3.228.21.186, 104.96.220.14, 10.89.109.73] [Accept-Language] = [en-US,en;q=0.5] [X-Forwarded-Server] = [dbsweb-p00-grp.corp.dbs.com] templatedata/article/region/data/en/AIO/012016/19012016_hongkong.xml.xmlaics/regionHong KongHong Kong Industry InsightsInsightsIndustryView AllRead Morenotaligned55Social unrest in Hong Kong continues to weigh on its economy, with negative implications on retail, investment, property and banking sectors.Hong KongFinancials/iwov-resources/aics/images/AICS/AIO/en/102019/191008_insights_thumb_hk_banking_sector.jpg/aics/templatedata/article/generic/data/en/GR/102019/191008_insights_hk_banking_sector.xmlHong Kong Banking Sector: Pick the best risk-reward playsOctober 08, 2019Hong Kong government to potentially invoke the Land Resumption Ordinance to buyback farmland for public housing developments.Hong KongReal Estate/iwov-resources/aics/images/AICS/AIO/en/092019/190923_insights_thumb_hk_property.jpg/aics/templatedata/article/generic/data/en/GR/092019/190923_insights_hk_property.xmlHong Kong Property Sector: Farmland back in focusSeptember 23, 2019Continuation of protests in Hong Kong could lead to overall reversionary growth for retailers as consumers limit outings for fear of traffic and disruptions.Hong KongConsumer/iwov-resources/aics/images/AICS/AIO/en/072019/190730_insights_thumb_hong_kong_market_update.jpg/aics/templatedata/article/generic/data/en/GR/072019/190730_insights_hong_kong_market_update.xmlMarket Update: Rising unrest to weigh on complacent marketJuly 30, 2019Hong Kong Economics InsightsInsightsEconomicsView AllRead Morenotaligned9The government could remove some demand side management measures if warranted.Hong KongGrowth/iwov-resources/aics/images/AICS/AIO/en/092019/190902_insights_thumb_hong_kong.jpg/aics/templatedata/article/generic/data/en/GR/092019/190902_insights_hong_kong.xmlHong Kong: Brakes on the property boomSeptember 02, 2019Against a weaker growth outlook, stagflation risks may emerge in 2H19.Hong KongGrowth, Rates/iwov-resources/aics/images/AICS/AIO/en/082019/190802_insights_thumb_hong_kong_focus.jpg/aics/templatedata/article/generic/data/en/GR/082019/190802_insights_hong_kong_focus.xmlHong Kong Focus: Growth downgradedAugust 02, 2019Asset markets remained resilient despite deteriorating fundaments.Hong KongGrowth/iwov-resources/aics/images/AICS/AIO/en/072019/190718_insights_thumb_Hong_Kong_chartbook_Asset_prices_resilient_to_economic_slowdown.jpg/aics/templatedata/article/generic/data/en/GR/072019/190718_insights_Hong_Kong_chartbook_Asset_prices_resilient_to_economic_slowdown.xmlHong Kong chartbook: Asset prices resilient to economic slowdownJuly 19, 2019Hong Kong Economics DailyEconomicsView AllRead Morenotaligned15We are concerned that weakening of retail sales momentum could eventually feed through to commercial rental and the broader economy.Hong KongGrowth/iwov-resources/aics/images/AICS/AIO/en/082019/190819_economics_thumb_chart_of_the_week.jpg/aics/templatedata/article/generic/data/en/GR/082019/190819_economics_chart_of_the_week.xmlChart of the Week: Hong Kong’s retail sales and tourism downturnAugust 19, 2019The real GDP grew by 0.5% YoY in 1Q19, the slowest growth since 3Q09. Yet, it should improve alongside gradual stabilization of the mainland economy.Hong KongEconomics/iwov-resources/aics/images/AICS/AIO/en/052019/190506_economics_thumb_hong_kong_chart_book.jpg/aics/templatedata/article/generic/data/en/GR/052019/190506_economics_hong_kong_chart_book.xmlHong Kong chart book - Gradual improvement in the makingMay 06, 2019The Hong Kong economy has been hit by a super typhoon and Sino-US trade tensions.Hong KongGDP/iwov-resources/aics/images/AICS/AIO/en/112018/181120_economics_thumb_HK_looking_beyond_the_typhoon.jpg/aics/templatedata/article/generic/data/en/GR/112018/181120_economics_HK_looking_beyond_the_typhoon.xmlHong Kong: Looking beyond the typhoonNovember 20, 2018Hong Kong EquitiesInsightsEquitiesView AllRead Morenotaligned28October shall be an eventful month, with US-China trade talks, HK's ongoing social unrest and China's Fourth Plenary Session being the focus of the market.Hong KongEquities/iwov-resources/aics/images/AICS/ModelPortfolioImages/hk_mp_thumb.jpg/aics/templatedata/article/generic/data/en/GR/000000/000000_insights_hongkong_model_portfolio.xmlHong Kong Equity PicksOctober 04, 2019Momentum in trade war negotiations and accommodative regulatory policies helped lift Chinese markets. Our top BUYs are quality blue-chip names and top picks in secular growth sectors.Hong KongEquities/iwov-resources/aics/images/AICS/AIO/en/052019/190503_insights_thumb_strategy_hong_kong_monthly_market_pulse.jpg/aics/templatedata/article/generic/data/en/GR/052019/190503_insights_strategy_hong_kong_monthly_market_pulse.xmlMonthly Market Pulse: Gathering strengthMay 03, 2019Our macro team expects CNY to fall to 6.90 by the year’s end, implying 1% further downside. We also expect HSI to be under further pressure due to escalating trade tensions and weakening CNY.Hong KongEquities/iwov-resources/aics/images/AICS/AIO/en/082018/180803_insights_thumb_CNY_the_culprit_behind_selloff.jpg/aics/templatedata/article/generic/data/en/GR/082018/180803_insights_CNY_the_culprit_behind_selloff.xmlGood Cat Weekly: CNY the culprit behind the sell-offAugust 03, 2018

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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.

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