ASEAN Speaks

This Highlight is on Maybank’s expectations of Malaysia Budget 2024. Winson Phoon gets the details from Suhaimi Ilias, our Group Chief Economist. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

We highlight expectations of Malaysia’s Budget to be tabled on 13 Oct, and our outlook on Singapore as manufacturing slumped by the most since November 2019. Meanwhile in Thailand, watch for non-performing loans and government incentives. Also as the US government averts a shutdown, what is the immediate term for the US dollar? And how will the Chinese Yuan hold up during this super Golden Week? 0...

What is Maybank’s revised forecast for the Fed Funds Rate? Winson Phoon discusses with Dr Chua Hak Bin, our Co-Head of Macro. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

We discuss our revised forecast in light that the FOMC has guided for one more 25 basis point hike this year. Additionally for ASEAN equities, specifically the Thai market, why did it experience a pullback despite the resolution of political uncertainty? We also look at different industries - the outlook for large scale solar projects in Malaysia, the cement industry in Indonesia, and retail in Th...

What is the outlook for the Thai Baht? Chua Hak Bin speaks with Saktiandi Supaat, Head of Forex Research at Maybank on his latest ASEAN Macro report. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

Our analysts do a deep dive of data that came out last week and what to expect - China macro, GDP growth in Malaysia, Indonesian trade numbers, REITs in Thailand and Malaysia, and crude palm oil prices. Chua Hak Bin, our Co-Head of Macro, speaks with our teams across the region.  00:22 - Roundup - Chua Hak Bin 03:16 - CN macro - Erica Tay 06:22 - MY GDP - Zamros Dzulkafli 10:54 - ID trade - Brian...

While we remain constructive on Malaysian equities and maintain our year end KLCI target at 1,520, what are the pressure points in the near term? Suhaimi Ilias, our Chief Economist, speaks with Wong Chew Hann, Head of Research in Malaysia. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

We unpack our analysis on China as we downgrade its GDP growth to 4.8% in 2023 from 5%, and 4.4% in 2024 from 4.6%, and consider the pressure points on earnings in Malaysia and ASEAN including the banks. 00:20 - Roundup - Suhaimi Ilias 05:19 - China macro - Erica Tay 9:21 - TH macro - Erica Tay 11:42 - PH macro - Zamros Dzulkafli 16:24 - MY earnings - Wong Chew Hann 24:05 - ASEAN banks - Thilan Wi...

ASEAN’s share of world foreign direct investments had climbed to 17% in 2022, almost triple its 6% share in 2016. The next wave of investments are expected to boost the green sector as governments announce concrete measures to transition to net zero. Chua Hak Bin, Co-Head of Macro discusses his report. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episo...

We round up key data and events in Southeast Asian economies against the backdrop of major central banks across the world continuing to battle rising risks to growth. 00:19 - Roundup - Suhaimi Ilias 05:00 - Green manufacturing - Chua Hak Bin 09:54 - VN GDP - Brian Lee 13:46 - USD, Renminbi changes - Saktiandi Supaat 20:50 - Bonds - Winson Phoon 24:50 - PH banks - Rachelleen Rodriguez 27:03 - MY ba...

After months of political deadlock, a Prime Minister is finally chosen in Thailand. How well could markets rebound? Chak Reungsinpinya, Head of Research at Maybank Securities Thailand speaks with Chua Hak Bin. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

Deep diving into our stock picks as ASEAN markets continue to lag North Asia. We also consider the beneficiaries of the LRT project in Penang and developments in Iskandar, Johor, as Country Garden’s Forest City becomes a special financial zone. Meanwhile, what is ahead for REITs in Singapore? 00:27 - Roundup - Chua Hak Bin 04:01 - MY inflation, interest rate - Zamros Dzulkafli 07:55 - TH GDP - Eri...

Malaysia’s 2Q GDP growth fell below consensus, Singapore’s non-oil domestic exports (NODX) fell at a steeper pace in July, while Indonesia exports remained soft. Will it get better or worse? 00:22 - Roundup - Winson Phoon 03:17 - MY 2Q GDP - Suhaimi Ilias 09:02 - SG NODX, GDP - Chua Hak Bin 11:34 - ID trade, interest rates - Brian Lee 15:01 - PH interest rate - Zamros Dzulkafli 17:44 - CN slowdown...

In this week’s highlight, we unpack China’s July data that showed a slowdown enveloping China’s economy. Is the worst yet to come? Erica Tay, our Economist, speaks with Winson Poon. For the full conversation with other analysts at Maybank, go to today's Weekly Briefing episode on ASEAN Speaks.

In this week’s highlight, we review how Malaysia’s New Industrial Master Plan could be a gamechanger. Anand Pathmakanthan, Head of Regional Equity Research, speaks with Winson Phoon. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

Our analysts unpack the economic numbers in China, Indonesia and the Philippines and also the downgrade in GDP forecast for Singapore. Over in Malaysia, we expect business as usual after the state elections, and look forward to new policy announcements including any updates on the KL-Sing apore High Speed Rail project. Meanwhile, youth unemployment and under-employment rates remain sticky while in...

It’s been a rocky time for the property sector in China, and the Politburo has elevated its risk as the top concern for the economy. Erica Tay, an economist at Maybank Investment Banking Group discusses the wider implications and another risk to watch out for. Producer: Noelle Lim, Maybank IBG

How will Malaysians benefit from the MADANI economic blueprint? Suhaimi Ilias, our Chief Economist, speaks with Chua Hak Bin.

In today’s Weekly Briefing, we discuss our key reports: outcomes of the discussion with the Ministry of Finance in Malaysia about the MADANI Economy blueprint; and whether China is experiencing a deflation; and Indonesia’s 2Q GDP forecast.  00:23 - Roundup - Chua Hak Bin 02:38 - MY MOF Dialogue - Suhaimi Ilias 09:55 - CN trade - Erica Tay 12:18 - CN deflation - Erica Tay 14:12 - ID inflation - Bri...

Last week, Malaysian Prime Minister Dato’ Seri Anwar Ibrahim launched MADANI Economy plan to address the most pressing challenges facing the Malaysian economy. The National Energy Transition Roadmap Part 1 was also launched to outline the opportunities towards a greener nation. Suhaimi Ilias, Chief Economist, and Anand Pathmakanthan, Head of Regional Equity Research speak with Winson Phoon. For th...

On this morning’s call, we stay current on ASEAN’s electric mobility transition; the implications of China’s Politburo’s shift towards a more accommodative stance towards the property sector; if Bank of Japan is likely to raise interest rate further; and if manufacturing downturn has bottomed in Singapore. 00:24 - Roundup - Winson Phoon 03:31 - MY MADANI - Suhaimi Ilias 08:50 - IMKL Series - Anand...

In this week’s highlight, Saktiandi Supaat, Maybank’s Head of Forex Research, discusses how investors could position themselves for the end of the Fed’s tightening cycle. He speaks with Chua Hak Bin. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

Looking ahead to this week, we discuss expectations of FOMC’s meeting, and what to watch for in Bank of Indonesia’s statements given the decline in exports. In terms of equities, we look into projections for the Philippines, and 2Q bank earnings in Singapore and indications of China’s growth. 00:27 - Roundup - Chua Hak Bin 03:02 - FOMC - Suhaimi Ilias 04:15 - MY 2Q GDP - Suhaimi Ilias 06:56 - ID e...

Last week, we saw Pita Limjaroenrat fail in his bid to become Prime Minister of Thailand. What is ahead for the markets? Winson Phoon speaks with Chak Reungsinpinya, our Head of Equity Research in Thailand. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

In Thailand, who will become the next Prime Minister? Why did Singapore avert a technical recession? What can we expect from China’s 2Q GDP number which will be out today? We also look at Malaysia’s second half prospects and stock picks in view of the upcoming state elections. 00:26 - Roundup - Winson Phoon 03:33 - TH politics - Chak Reungsinpinya 09:12 - SG GDP - Chua Hak Bin 12:01 - CN macro - B...