Asia / Singapore

Singapore

Group Research / February 01, 2020

Photo Credit - AFP

Singapore
 20192020f2021f2022f
GDP growth, % YoY0.7-5.45.53.2
CPI inflation, % YoY0.6-0.20.91.5
 2Q213Q214Q211Q222Q22
Exchange rates, end of period1.3451.341.3351.331.33
Policy interest rates, end of period0.120.120.120.120.12

Singapore Industry Insights

Singapore / Financials
No storm lasts forever: Impact of COVID-19 on financial wellness

No storm lasts forever: Impact of COVID-19 on financial wellness

March 02, 2021

Although Singapore’s economy is now at a turning point, our analysis shows there are still segments of society where assistance is crucial to help ti...

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Singapore / Financials
Singapore Banks: Onward to recovery

Singapore Banks: Onward to recovery

February 26, 2021

We remain positive on Singapore banks as we believe the improved business momentum observed in January is likely to be sustained.

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Singapore / Real Estate
Industrial S-REITs: Reaping the fruits of past labour

Industrial S-REITs: Reaping the fruits of past labour

February 23, 2021

We project industrial S-REITs to post an average 5% growth in earnings in FY21 partly due to a low base, as well as additional income contribution fr...

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Singapore Economics Insights

Singapore / Growth,Fiscal
Singapore’s budget for recovery and sustainability

Singapore’s budget for recovery and sustainability

February 17, 2021

Budget 2021 was announced as the Singapore economy is gradually recovering from the COVID-19 crisis.

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Singapore / Growth, Fiscal
Singapore Budget 2021: Supporting the recovery

Singapore Budget 2021: Supporting the recovery

January 19, 2021

Budget 2021, due on 16th February, will be crucial in supporting the recovery process.

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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.

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Singapore Economics Daily

Singapore / GDP
Macro Insights Weekly: Singapore’s green agenda

Macro Insights Weekly: Singapore’s green agenda

February 22, 2021

Singapore’s 2021 budget had to cater to both short-term economic headwinds and long-term sustainability imperatives.

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Singapore / Economics & Strategy
SGD Rates: Thoughts on SINGA bonds

SGD Rates: Thoughts on SINGA bonds

February 19, 2021

Singapore government will be issuing infrastructure bonds under Significant Infrastructure Government Loan Act (SINGA). The first SGS (Infrastructure...

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Singapore / Growth, Fiscal
Singapore: Ended 2020 on a brighter note

Singapore: Ended 2020 on a brighter note

February 15, 2021

Final GDP figures for 4Q20 came in better than expected with broad-based improvement across all three key sectors.

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Singapore Equities

Singapore / Stock Pulse
STI to see seasonal support in March, April

STI to see seasonal support in March, April

March 03, 2021

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...

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Singapore / Equities
Singapore Market Focus: Seasonal support ahead

Singapore Market Focus: Seasonal support ahead

March 02, 2021

March and April are seasonally positive months for the Straits Times Index. We outline key trends to watch out for in the month ahead.

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Singapore / Stock Pulse
AEM Holdings set to hit new all-time highs

AEM Holdings set to hit new all-time highs

March 02, 2021

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...

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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