ASEAN Speaks

00:50 - Highlights 04:50 - Malaysia: Markets to be better? 11:04 - Philippines: Banking normalising 14:24 - Philippines: Conglomerate action 16:44 - Philippines: Consumer holding up 18:13 - Thailand: Healthcare growth drivers 19:55 - Singapore: Fengshui prediction Analysts: Winson Phoon, Anand Pathmakanthan, Rachelleen Rodriquez, Jacqui de Jesus, Daphne Sze, Yuwanee Prommaporn, Thilan Wickramasing...

00:52 - Economic outlook 09:59 - Fixed income strategy 14:56 - Forex strategy 17:30 - Malaysia: Themes & Top Calls 22:02 - Singapore: Top Stock Calls Commentators: Chua Hak Bin, Suhaimi Ilias, Winson Phoon, Saktiandi Supaat, Anand Pathmakanthan and Thilan Wickramasinghe Producer: Noelle Lim

00:34 - Malaysia: Omicron impact on rubber gloves 02:50 - Thailand: Omicron impact on STGT (Sri Trang Gloves). 04:32 - Thailand: Omicron on tourism 07:00 - Vietnam: Production and exports strengthen Analysts: Wong Wei Sum, Maria Lapiz, Yuwanee Prommaporn, Linda Liu Produced and presented by Noelle Lim

00:47 - Impact of Omicron on oil prices. 4:39 - Malaysia: Alliance Bank - Target Price Raised. Analysts: Kaushal Ladha, Desmond Ch’ng. Produced and presented by Noelle Lim.

00:28 - Malaysia: Interest rate hike prediction. 03:46 - Genting Malaysia - When to break even? 4:56 - Ayala Corp - Foray into end-to-end logistics. Analysts: Winson Phoon, Samuel Yin, Jacqui de Jesus. Produced and presented by Noelle Lim.

00.50 - Singapore: What would support growth to 2022 02:10 - Maybank’s Model Portfolio changes 05:40 - Spotlight - Vietnam: Another boom year for Gemadept  Economist & Analysts: Chua Hak Bin, Chan Han Chin, Le Nguyen Nhat Chuyen Produced and presented by Noelle Lim

00:52 - Singapore: Forecast inflation raised 3:45 - Singapore: Growth for Mapletree Logistics Trust? 4:54 - Thailand: 3Q21 weak, momentum picks Analysts: Chua Hak Bin, Chua Su Tye, Maria Lapiz Presented and produced by Noelle Lim

00:30 - Malaysia: Is a price tag of $1 billion for IHH’s China business realistic? 04.02 - Malaysia: Is the worst over for AirAsia? 05:20 - Thailand: Why Chularat Hospital is Maybank’s pick now? Analysts: Shafiq Kadir, Samuel Yin, Yuwanee Prommaporn Presented and produced by Noelle Lim

00:48 - Malaysia: Potential market sentiment over Barisan Nasional’s win in Melaka state elections, and year end KLCI target?  03.10 - Singapore: How will tech stocks continue to perform in light of shortages, and top picks? 06.17 - Thailand: Update from Retailer’s Day for investors, and top consumer retail picks.  09:33 - Vietnam: Banks are outperforming their regional peers. Can this m...

01:30 - The signposts to watch if inflation is transitory 07:00 - BoT holds policy rate and its view on energy markets 08:40 - Philippines: ASEAN’s fastest growing market in 2022 11:50 - Philippines equity strategy 14:28 - Is COP26 the biggest finance greenwash event in history? 18:50 - Maybank’s CPO price upgrade

01:04 - FOMC gets on with taper program 04:13 - ASEAN credit markets’ drip test 13:45 - Vietnam’s economic metrics back in growth mode 16:58 - ASEAN market strategy 18:57 - Singapore banks 3Q review

01:17 - Malaysia Budget 2022 Review 07:09 - Budget implications on credit markets 10:23 - Budget impact on Malaysia equity market 15:06 - Energy prices and FX markets 18:05 - Malaysia aviation sector 22:52 - Thai property sector 25:48 - Mega Lifesciences initiation

Anand Pathmakanthan speaks on the 3Q earnings season to date and how funds flow is rotating. MKE’s energy research team has revised Brent crude assumptions to US$75/bbl for 2022 and discuss scenarios for an energy super cycle. Indonesia, Thailand and Singapore banking sector is flush with liquidity - is loans growth finally back on track?

What are the signposts to watch now that CPO markets have rallied above MYR5000/mt? Monetary Authority of Singapore tightens S$NEER policy band slope earlier than expected. MKE’s Philippines’ banks research team shares their best picks given that loans growth data has troughed with evidence of activity pickup.

Kaushal Ladha briefs on this energy cycle’s supply shock. Key reforms to go green in the 12th Malaysia Plan will also give CPO planters a tailwind for higher pricing power. Vietnam risks falling into a technical recession, is the silver lining in the skies?

China Evergrande (3333 HK) has missed bond interest payments as of last week. Will this event spiral into a contagion? The Fed will officially kick off the asset purchase tapering at the next FOMC meeting in November, Suhaimi Ilias discusses the implications on ASEAN central banks. Thailand’s banking sector turned in strong performances last week on SCB’s restructuring announcement; time to pay at...

Asian governments prefer a dovish fiscal stance vs the hawks in US and Europe. Malaysia’s Ministry of Finance has instructed banks to waive interest on loans under moratorium with immediate effect while Bank Indonesia is forcing banks to boost loan disbursement to MSMEs.

Could ECB’s recent recall of its pandemic monetary support pressure the US Fed to signal tapering by Sep? MKE’s portfolio strategist presents his case for improving sell-side sentiment for ASEAN equity markets and his convictions why downside will be limited even in the event of taper tantrums. MKE has just initiated coverage on Singapore-based SEA Ltd with a buy call.

US non farm payrolls missed consensus expectations by a long shot stoking stagflation fears. Will Malaysia's maiden pre-budget meeting boost investor confidence in how the country manages its finances. MKE's Malaysia banks analyst Desmond gives the lowdown on Malaysia banks and his positioning strategy. With China's slowdown, MKE's FX head Saktiandi discusses about the risk of RMB devaluation.

Winson Phoon shares on what the bond futures market imply about risks following the Fed’s signal that tapering could occur as early as late 2021. Malaysia has announced its new cabinet lineup; will this announcement improve overall market sentiment for FBMKLCI? Semiconductor industry has been facing pressure because of supply chain bottlenecks. Is now the time to take profit on ASEAN chip testers...

Malaysia has appointed Datuk Seri Ismail Sabri as its 9th Prime Minister. Will the change bring about the much needed political stability? As the Fed heads into its Kansas City annual conference on Thursday, markets will be watching for clues what the Fed will do about tackling higher inflation. MKE makes the case for 4 risk factors that will delay the pace of ASEAN’s economic recovery. Thailand w...

Chua Hak Bin argues that ASEAN’s economic outlook will continue to diverge at the country level, well into 2022. MKE launch model portfolio baskets to help clients invest through market cycles. What is priced into FX and credit markets as markets weigh in on the timing of US Fed tapering? Finally, MKE is long CPO sector despite near-term headwinds.

Indonesia ESG push does not get enough credit from markets. MKE Research downgrades Vietnam as the country loses it grip on containing the Delta variant. Is the anomaly between 10y UST and inflation trends expected to last and what is MKE’s call on USD and ASEAN FX? Anand Pathmakanthan shares his top picks for ASEAN and Thilan Wikramasinghe discusses MAS’ latest move to uplift dividends for Singap...

Despite the Fed’s assurance that higher prices are merely transitory, the uncertainty of its duration leads to higher volatility in the market. Maybank downgrades the Thai property sector; ASEAN Speaks panelists dissect the drivers and explain how property developers are resorting to technology to sustain sales. Stay tuned for these highlights and more.

US 10 year treasury yields continue to compress; Maybank's fixed income team addresses the factors that are driving compression. With political headwinds rising in Malaysia and EMCO impacting labour supply, which industries are least vulnerable? Thailand's hospitality sandbox kicks off in Phuket but reopening plans hang in the balance following the discovery of COVID-19 cases from inbound tourists...