ASEAN Speaks

Malaysian banks are expected to deliver weaker second half earnings compared to the first half this year. Why and what’s our earnings forecast for 2024 and top stock picks? Winson Phoon discusses with Desmond Ch’ng, our Banking Analyst. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

As the year is concluding, we highlight our expectations for Malaysia's 2024 economic reforms amidst the runway to the next General Elections, while exploring the impact of subsidies rationalization on inflation. Additionally, we examine Thailand's lower than expected Q3 GDP, and share insights from our Thai Bank Day, as well as discuss our equities strategy for Indonesia. 00:33 - Roundup...

Indonesia’s general elections will take place on the 14th of February next year. Who is likely to win in what we expect to be a prolonged contest? Brian Lee, our Economist, discusses with Chua Hak Bin. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

Towards the year end, ASEAN markets are expected to do better on the back of more resilient economic data. Our analysts discuss this including the outcome of President Joe Biden and Xi Jinpings’ meeting. Meanwhile, Indonesia’s general elections will take place on the 14 February next year - who is likely to lead in what we expect to be a prolonged contest?  00:25 - Roundup - Chua Hak Bin 04:07 - M...

In our highlight today, Erica Tay, our Economist discusses with Suhaimi Ilias on the outlook for China’s growth as export weaknesses continue while imports pick up. For the full conversation with her on China and other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

Is China’s economy propped up by policy support or demand? In the other large economy, Indonesia - GDP growth moderated to the lowest since the third quarter of 2021. Will growth be firmer towards the end of the year and in the lead up to the presidential elections in 2024? Meanwhile in Thailand, the Prime Minister had announced its largest stimulus in the form of cash handout via the digital wall...

Trade and manufacturing data in the ASEAN-6 markets are showing nascent signs of recovery. Suhaimi Ilias speaks to Chua Hak Bin, our co-Head of Macro on Maybank’s outlook. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

Given events over the weekend, the Middle East conflict may escalate, impacting currencies and other assets, and risk spurring inflation again. Meanwhile, the US's robust GDP growth, backed by deficit spending and subsidies for semiconductor, will help drive ASEAN export growth. How might these different developments affect ASEAN and central banks' decisions on interest rates? 00:30 - Roun...

Why did the Ringgit drop to a record low? Chua Hak Bin speaks to Saktiandi Supaat, the Head of Forex Research at Maybank. For the full conversation with other analysts, go to the latest Weekly Briefing episode on ASEAN Speaks.

Amidst geopolitical tensions and higher for longer interest rates, we unpack Malaysia’s maiden GDP advanced estimate for the third quarter, the better than expected growth in China, the outlook of the Ringgit and Rupiah, and if there is more downside to Singapore REITs. 00:24 - Roundup - Chua Hak Bin 05:15 - MY 3Q GDP, inflation - Suhaimi Ilias 10:03 - CN GDP - Erica Tay 14:31 - Ringgit - Saktiand...

The highlight for this week is the beneficiaries of Malaysia’s Budget 2024. Wong Chew Hann, our Malaysian Head of Equity Research discusses. For the full analysis on Budget and updates from other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

For Asia this week, watch for China’s growth data and central bank decisions in Indonesia. We also provide further analysis on Malaysia’s Budget 2024, the oil and gas sector, and Thailand’s renewable energy expansion. 00:24 - Roundup - Chua Hak Bin 05:25 - MY Budget 2024 - Suhaimi Ilias 11:18 - MY Budget 2024 (markets) - Wong Chew Hann 15:27 - MY Budget 2024 (bonds) - Winson Phoon 20:31 - CN trade...

Our Economist Erica Tay takes stock of what happened over China’s Golden Week and the spillover benefits to ASEAN. Suhaimi Ilias speaks with her. For the full conversation with other analysts at Maybank, go to the latest Weekly Briefing episode on ASEAN Speaks.

The latest Middle East conflict has caused oil prices to soar, and US macro factors continue to drive markets. In view of this, what should investors watch out for this week?  00:21 - Roundup - Suhaimi Ilias 05:32 - CN Golden Week - Erica Tay 12:06 - SG macro - Brian Lee 14:30 - VN macro - Brian Lee 19:20 - VN markets - Hoang Huy 22:44 - PH consumer - Daphne Sze 23:52 - PH conglomerates - Jacqui d...

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.