Asia / Singapore

Singapore

Group Research / February 01, 2020

Photo Credit - AFP

Singapore
 201820192020f2021f2022f
GDP growth, % YoY3.10.7-6.05.53.2
CPI inflation, % YoY0.40.6-0.20.91.5
 4Q201Q212Q213Q214Q21
Exchange rates, end of period1.351.361.351.351.34
Policy interest rates, end of period0.120.120.120.120.12

Singapore Industry Insights

Singapore / Real Estate
Hospitality S-REITs: Waiting for lift-off

Hospitality S-REITs: Waiting for lift-off

December 01, 2020

We see a V-shaped recovery taking place in the sector as early as 2H21, assuming the mass distribution of COVID-19 vaccines is possible in 1H21.

Read More
Singapore / Financials
Recovery hopes abound for Singapore banks

Recovery hopes abound for Singapore banks

November 26, 2020

We have probably passed the worst earnings decline for Singapore banks. We expect sector earnings to improve 21% y-o-y in FY21F, driven primarily by ...

Read More
Singapore / Real Estate
Industrial S-REITs: Back on the acquisition path

Industrial S-REITs: Back on the acquisition path

November 18, 2020

Industrial S-REITs are on a growth trajectory, with around S$5.0bn in acquisitions announced year-to-date. And more is expected in 1H21.

Read More

Singapore Economics Insights

Singapore / Growth,FX,Rates
Singapore Outlook 2021: Emerging optimism

Singapore Outlook 2021: Emerging optimism

November 18, 2020

The economic doldrums for much of this year is gradually giving way to hope and optimism of a recovery as we head into 2021.

Read More
Singapore / Growth, Fiscal
Singapore: Election effect on policies

Singapore: Election effect on policies

July 13, 2020

The ruling PAP government returned to power with a narrower margin. The relatively weaker mandate could see some recalibration in policies ahead.

Read More
Singapore / Stock Pulse
STI unlikely to rally ahead of General Election

STI unlikely to rally ahead of General Election

June 24, 2020

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

Read More

Singapore Economics Daily

Singapore / Growth, FX
Singapore: Recovery is on track

Singapore: Recovery is on track

November 23, 2020

Third quarter GDP figures released today has further reinforced the view that recovery is underway.

Read More
Singapore / Interest Rate
SGD Rates: Movements of 5Y SGS, SOR and SORA

SGD Rates: Movements of 5Y SGS, SOR and SORA

November 19, 2020

For the 5Y tenor, SGS-swap spread of -4bps does not look stretched by any measure.

Read More
Singapore / GDP,Growth,FX,Rates
Singapore Chartbook: Recovery is underway but remains uneven

Singapore Chartbook: Recovery is underway but remains uneven

October 28, 2020

The economy is on the mend, but this recovery will remain uneven. Growth performance across sectors will differ considerably.

Read More

Singapore Equities

Singapore / Stock Pulse
Equity Picks: See value in YZJ, First Resouces

Equity Picks: See value in YZJ, First Resouces

December 01, 2020

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

Read More
Singapore / Stock Pulse
Equity Picks: Remove CAO from Growth category

Equity Picks: Remove CAO from Growth category

November 30, 2020

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

Read More
Singapore / Stock Pulse
Positive on CDL as its China business picks up

Positive on CDL as its China business picks up

November 27, 2020

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

Read More

Disclaimers and Important Notices

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.

DBS Bank Ltd., 12 Marina Blvd, Marina Bay Financial Center Tower 3, Singapore 018982. Tel: 65-6878-8888. Company Registration No. 196800306E. DBS Bank Ltd., Hong Kong Branch, a company incorporated in Singapore with limited liability. 18th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong.

PT Bank DBS Indonesia, DBS Bank Tower, 33rd floor, Ciputra World 1, Jalan Prof. Dr. Satrio Kav 3-5, Jakarta, 12940, Indonesia. Tel: 62-21-2988-4000. Company Registration No. 09.03.1.64.96422