ASEAN Speaks

Unpacking the headlines moving markets and ASEAN tailwinds, and casting our eyes to Cambodia, Laos, Myanmar and Vietnam (CLMV) on the impact of global supply chain disruptions, favoured markets as ASEAN outperforms, and impact of Indonesia's palm oil export ban. 00:27 - Roundup - Winson Phoon 04:25 - Headwinds, crosswinds - Chua Hak Bin 09:14 - CLMV - Brian Lee 16:14 - USD, Asian currencies, RMB -...

Preparing you for the week ahead with a slew of updates and analysis. 00:28 - Roundup - Chua Hak Bin 05:56 - MY exports, RM - Suhaimi Ilias 11:00 - ID GDP - Lee Ju Ye 13:26 - ID palm oil exports ban - Ong Chee Ting 15:54 - MY stocks - Anand Pathmakanthan 20:36 - Potential MY bond downgrades - See Tho Mun Yi 23:42 - TH property - Vanida Geisler 27:15 - PH property & mobility - Miguel Sevidal 28...

With candour and humour, in his final interview as Maybank Group President & CEO, Dato’ Sri Abdul Farid Alias recounts pivotal moments at the bank, and discusses topics close to his heart: leadership, culture, digitalisation and sustainability, adding life lessons from his humble background. Dato’ Fad’l Mohamed, CEO of Maybank Investment Bank speaks to him in the inaugural episode of our C-Sui...

In a series of conversations, we discuss the game changing opportunities, notably for solar industry players, as presented by Malaysia’s Renewable Energy (RE) Roadmap. If things go according to plan, RE contribution could increase from 23% of the total energy mix to 31% in 2025, and 40% in 2035. Apart from its environmental benefits, RE increases energy diversity and lowers energy security risk, w...

In response to rising inflation, the Monetary Authority of Singapore (MAS) has tightened its monetary policy by re-centering the midpoint of its exchange rate policy band to the prevailing level and steepening the slope, allowing the Singapore dollar to strengthen against currencies of its trading partners. Our analysts discuss the far-reaching implications of this move, as well as their updates f...

Maybank has cut Vietnam’s GDP forecast for 2022 to 5.8% from 6.7% due to the impact of the Russia-Ukraine war and supply chain disruptions from lockdowns in Shanghai. What are the specific challenges investors should take note of although recovery is expected to remain on track in Vietnam? Brian Lee, our Economist, drills down the details. Presenter & Producer: Noelle Lim

Singapore’s Q1 2022 GDP will be released this week. We cover Maybank’s expectations of growth and interest rate policy responses as inflation grows the fastest in this decade. Also, top of today’s research is ASEAN X Macro thematic report on inflation drivers and risks, and our model portfolio strategy for Thailand. 00:26 - Roundup - Winson Phoon 04:17 - SG 1Q GDP - Chua Hak Bin 07:40 - SGD if re-...

To prepare you for the week, our analysts breakdown the latest economic data and reports from Malaysia, Indonesia and Vietnam, and consider their broader implications on markets, revision to outlook and the banking sector. 00:24 - Round-up - Chua Hak Bin 04:52 - MY economics - Suhaimi Ilias 10:09 - MY banks - Desmond Ch’ng 13:12 - Curve inversion - Winson Phoon 16:54 - ASEAN strategy - Anand Pathm...

One of the largest public listed companies in Thailand and one of the oldest conglomerates in ASEAN, established in 1913 by a royal decree, SCG is future-proofing and staying competitive by making sustainability a business case. Pertinently so when cement manufacturing is one of the top sources of greenhouse gas emissions in the world. CEO of SCG, Roongrote Rangsiyopash, and the CEO of SCG Chemica...

Our analysts discuss the implications of fuel subsidies more than doubling in Malaysia and exports outlook in view of oil and commodities prices; would the Renminbi emerge as a viable alternative to the USD as the US weaponises the global settlement system; impact of Russia-Ukraine war on the Philippines and Thailands’ economies and policy decisions; earnings risks and high conviction buys in Thai...

Our analysts across the region discuss recent economic data, outlook and investment strategy in view of global inflation, growth headwinds, and China’s flash lockdowns. 00:21 - Round-up - Winson Phoon 03:32 - MY outlook, EPF withdrawal - Suhaimi Ilias 08:33 - SG GDP forecast - Chua Hak Bin 13:59 - SG exposure to Europe - Thilan Wickramasinghe 17:08 - ID GDP forecast - Lee Ju Ye 22:16 - ASEAN fortn...

Our analysts look ahead to the collateral damage of the Russia-Ukraine war on ASEAN, and what Barisan Nasional’s win in Johor means for Malaysian markets, adding views on favoured stocks. Tune it to the conversation to prepare for the week. 00:36 - Round-up - Suhaimi Ilias 07:14 - Economics, trade risks - Chua Hak Bin 12:57 -  Forex impact - Saktiandi Supaat 18:19 - MY resilience - Chan Han C...

Inflation, Russia-Ukraine tensions and climate change are piling pressure on global food systems. ASEAN as a major food producing and agriculture region is ripe for innovation to bolster its own food security. Ho Ren Hua, CEO of Thai Wah, discusses how he wants to transform agrifood in the region, including where he sees a right to win in the challenging agritech sector. Listed on SET, Thai Wah is...

Chua Su Tye, our Head of REITs Research discusses his recommendations on S-REITs (real estate investment trusts) for yields in light of rising interest rate and inflation, the Russia-Ukraine crisis and risk of recession in Europe. Terms mentioned: DPU (distribution per unit), Revpar (revenue per available room), and WALE (weighted average lease expiry). Producer & Presenter: Noelle Lim

Dr Yuhyun Park, Founder of DQ Institute, Harvard graduate and former BCG management consultant, speaks about her journey battling skepticism in South Korea to starting a global movement for digital intelligence or DQ from Singapore. Together with her team, she created the world’s first standard for DQ that is also endorsed by IEEE Standards Association, Organisation for Economic Co-operation & Dev...

Russia’s invasion of Ukraine and talks of sanctions have triggered market fears of a brutal supply crunch of oil and other commodities. Our analysts monitor the impact on ASEAN, and where investors can potentially find shelter and outperformance. 00:32 - Round-up - Chua Hak Bin 06:16 - MY economy - Suhaimi Ilias 12:10 - MGS outlook - Winson Phoon 17:02 - 4Q earnings - Anand Pathmakanthan 20:21 - F...

Tan Sri Nazir Razak, Chairman of Bank Pembangunan Malaysia discusses his plans to create a super development financial institution, including if listing and a merger with MIDF are on the cards; as well as his idea of Better Malaysia Assembly to reshape national discourse; and the desire to protect his father’s legacy. Nazir is the former Chairman and prior, CEO of CIMB Group, and the youngest son...

Russia’s full scale invasion of Ukraine has already cost more than 200 civilian lives and triggered global condemnation. Maybank's analysts discuss the implications. 00:24 - Round-up - Chua Hak Bin 07:03 - Impact on inflation - Suhaimi Ilias 13:47 - Lessons from past crisis - Saktiandi Supaat 17:31 - Shrinking demand for MY Coal IPP Bonds - Winson Phoon 22:48 - SG bank highlights - Thilan Wickrama...

Riding on surging oil prices, Maybank has a strong buy call on Hibiscus Petroleum, Malaysia’s first listed SPAC (Special Purpose Acquisition Company) that has now transitioned to become a full-fledged oil and gas company. Dr Kenneth Pereira, the Managing Director discusses the reason for Hibiscus’ longevity, and how it will continue to grow in a more ESG-oriented environment when bankers are becom...

Dennis Zamora, scion and President of Nickel Asia Corporation (NAC), one of the largest nickel producing companies in the world, discusses the prospects of the metal as it trades at a 11 year high, and his ambition for the company to become one of the top 25 on the Philippine Stock Exchange. Producer & Presenter: Noelle Lim

On Friday, Singapore released its Budget 2022 that includes a slew of higher taxes to redistribute wealth while improving resilience through healthcare spending and green projects. Meanwhile foreign buying has returned to ASEAN markets. What sectors might continue to outperform and underperform as interest rates and inflation increase? Maybank's research teams across the region discuss. 00:34 - Ro...

Stewardship Asia Centre (SAC), established by Temasek in Singapore, advocates the practice of steward leadership across Asia. The principle of balancing profits, people and the planet is not new, yet many organisations pay lip service. How can we accelerate meaningful change and make this a way of business and life? We speak to Rajeev Peshawaria, CEO of SAC, to learn more.

On Valentine’s Day, we cast our eyes on the timing of rate hikes, CPO price rally, MY aviation, and PH e-commerce and property segments. 00:35 - Round-up - Chua Hak Bin 04:34 - BI, BOT timing - Lee Ju Ye 09:19 - BNM timing - Suhaimi Ilias 14:15 - Inverted yield curve - Winson Phoon 18:53 - CPO price rally - Ong Chee Ting 21:38 - Watching AirAsia X - Samuel Yin Shao Yang 24:12 - PH e-commerce - Dap...

The most prominent and oldest conglomerate in the Philippines of more than 180 years old, Ayala Corporation is future-proofing by gearing up for a low carbon economy. We get into the mind of the group’s Chief Financial & Chief Sustainability Officer, Alberto de Larrazabal about the rigorous approach in achieving their ambition, about new technologies, and the project close to his heart, Kasibu...

Amidst global volatility, what is the market outlook and central banks' policy direction in ASEAN? Our research teams deep dive. 00:26 - Round-up - Chua Hak Bin 03:40 - Indonesia and Thailand inflation, interest rate - Lee Ju Ye 06:52  - Euro; BOE, RBA signals - Saktiandi Supaat 10:59 - ASEAN stocks - Anand Pathmakanthan 14:10 - Singapore tech over-sold - Lai Gene Lih 18:23 - Malaysia loans,...