Market Watch

Jeremy Goh, Alliance Research analyst updates us on the construction sector:   - progress on big projects like MRT: activity at MRT sites appears to have slowed since pre-GE13  - biggest risks to calls - inherent risks to the industry: labour, getting money/financing in on time - themes beyond MRT? For instance, restructuring of water assets in Selangor and potential highway acquisitions...

Luz Lorenzo, Head of Research at Maybank Kim Eng, the Philippines about the Philippines Stock Exchange talks about:  - the Philippines’ biggest pension fund is expecting the benchmark stock index to advance about 9% in the next 12 months - how does that compare with your 12 month forecast - the PSE Index is valued at 18 times analysts’ earnings estimates for the next 12 months, ac...

Grant Bowers, Portfolio Manager with Franklin Templeton talks about: - US June retail sales - Banks earnings results - June inflation - US small caps See omnystudio.com/listener for privacy information.

We discuss TH Heavy Engineering and Digistar warrants in this week's episode of Warrants Wednesday.  See omnystudio.com/listener for privacy information.

Lee Cheng Hooi, Head of Retail Research at Maybank Investment Bank talks about where KLCI is headed for the next week and three buys: Datasonic, Muhibbah Engineering and Ahmad Zaki Resources.  He also explains why it's not necessarily too late to buy stocks that have hit 52-week highs.  See omnystudio.com/listener for privacy information.

PK Basu, Regional Head, Economics and Research at Maybank Kim Eng talked about:  - China GDP at 7.5% for Q2. How real a risk that 2013 growth could fall below 7.5% for the year? It’d be the first time in 15 years that China has missed its annual growth target if so.  - the government no longer riding to the rescue  - China has been talking about restructuring its economy since...

Joe Quinlan, MD and Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York, discusses the following questions:  - Ben Bernanke’s semi-annual monetary policy testimony before the House (Weds) and Senate (Thurs). What do you expect he will say? - Will he reiterate the Fed’s desire to begin tapering asset purchases sometime this year – as...

Benny Lee, Chief Market Strategist at Jupiter Securities talks about:  - Where the KLCI is headed this week, with China GDP numbers and Bernanke's dovish comments - Stocks in the news: Catcha and DRB Hicom - CPO futures, which fell 3% last Friday, the most in more than four months - Plantation stocks - Why he's looking at TH Heavy Engineering and Hup Seng this week  See omnystudio.com/li...

Desmond Chng, Research Analyst at Maybank Investment Bank updates us on the banking sector: - why Malaysia’s high level of household (HH) debt (at 83% of GDP) isn’t a systemic risk at this juncture. The nation’s HH debt has expanded at a rate of 11.5% p.a. over the past 5yrs vs. nominal GDP growth of 7.5% p.a.  - how much of a slowdown in HH debt growth does he expect on the...

Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York - Ben Bernanke's "highly acommodative" statement - Good budget surplus numbers for June - Apple and Gold ETF were most sold. Time Warner and J&J were most bought in this year - China's minimum GDP growth rate See omnystudio.com/listener for privacy information.

Hamish Pepper, Forex Strategist at Barclays Capital, Singapore talks about: - house view on when Fed would likely start tapering QE3 based on US FOMC meeting minutes - worst case scenario of Fed exiting, and impact on currencies - Bank Indonesia surprised the market by hiking the rate by 50bp to reduce capital outflows. Reaction and more to come?  - Bank of Japan maintained it stance, and rai...

Ong Seng Yeow, Research Director at Maybank Kim Eng, Singapore talked about fund flows. He addressed the following:  - AEJ reported its first moderate inflow of USD 0.1bn after 6 consecutive weeks of outflows, mostly due to the consumer discretionary sector. One-off?  -  According to research by Credit Suisse, net foreign selling in emerging Asia (ex-China & M’sia) was US$...

On International Market Watch today Tim Mulholland,  Managing Partner of China-America Capital Company in Chicago discusses: - whether the Fed was right in laying out a timetable for tapering - when bond buying is expected to end - the vicious circle of volatile markets and QE - China's seemingly weakening economy - Chinese small cap performance - what positions to take in the current investm...

Hwang DBS Vickers analyst Quah He Wei talks about Sapurakencana Petroleum:  - earnings forecasts, incorporating Trans-Thai contract - 48% of Sapura Kencana's order book is from Brazil. Making it beyond Asia?  - protecting against inflation in Brazil.  - gearing is high with net debt to equity of about 70% for 2013, forecasted to rise to 90% for 2014 til 2016.  As at 30 April, h...

Jigar Shah, Head of Research at Maybank Kim Eng, India updates us on India's IT sector, including:  - US Immigration Bill - would this disrupt India IT firm’s business models?  - Gartner and J P Morgan halved their IT spending forecasts for 2013 - cautious on IT spending estimates?  - which verticals would growth come from, for large caps and mid-tier companies  - possibi...

On International Market Watch today  Ben LeBrun, Market Analyst at Options Express in Sydney discusses: - coal miners stocks - industrial or precious metals - copper - Favourite in the APAC region - high beta laggards or expensive safe bloc - impact of change of leadership on Australian markets and economy - Australian banking stocks See omnystudio.com/listener for privacy information.

Lee Cheng Hooi, Head of Retail Research at Maybank Investment Bank discusses US results season, upcoming Fed meeting minutes and KLCI for the week ahead. He also highlights three buy calls, namely Cuscapi, Furniweb Industrial Products and MYEG. See omnystudio.com/listener for privacy information.

Dr. Michael A. Yoshikami, Founder and CEO of Destination Wealth Management in San Francisco, California, discusses:  - HSBC's cut in growth outlook for Asia Ex-Japan due to a China slowdown and Fed tapering reflects Asia's dependence on cheap credit. What's your view on the extent (or otherwise) of a hard landing for Asian markets?  - Ballooning debt around this region indicates tha...

On International Market Watch today  Joe Quinlan, MD and Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York discusses: - US economic recovery - US employment market - Future treasury yields - China's credit crunch and the impact on GDP - Gold outlook See omnystudio.com/listener for privacy information.

PK Basu, Regional Head of  Economics and Research at Maybank Kim Eng talks about:  - what these central banks need to do, especially with fears of deleveraging in Asia and prospect of weak growth in China:   - Japan   - South Korea   - Indonesia   - Malaysia They meet this week on Thursday - Bank of Thailand, which meets on Wednesday - what investo...

Cheah King Yoong of Alliance Research talks about the impact of Bank Negara's shorter leash on credit, and the possibility of BNM revisiting measures such as curbing DIBS and raising RPGT. He updates us with his call on the financial sector and top picks.  See omnystudio.com/listener for privacy information.

Benny Lee, Chief Market Strategist at Jupiter Securities, talks about  - cautious sentiment or European optimism to prevail on the KLCI - charts for:  i. Deleum, which is close to securing a RM700m contract, and   ii. Muhibbah, which is being awarded a licence by Petronas to undertake fabrication work - what stocks he's eyeing See omnystudio.com/listener for privacy information...

Wong Chew Hann, Head of Research of Maybank Investment Bank talks about:  i. what it was like at Battersea's groundbreaking ceremony ii. likelihood and viability of a Battersea Power REIT  iii. Phase 2 of Battersea Power iv. likelihood of new Chinese embassy and Dutch embassy near Battersea v. Valuations for SP Setia, Sime Darby.  BFM's Khoo Hsien Chun speaks with her.  See omn...

Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York discusses the US labour numbers for June. - sustainability of good numbers - when will US lead world growth? - earnings season  -"decoupling" of market drivers from monetary policy to economic fundamentals - strong USD effects on Asian growth   See omnystudio.com/listener for privac...

CIMB Head of Regional Rates and FX Strategy, Suresh Ramanathan discusses the upcoming jobs report and what it could mean for QE tapering. He also talks about:  - shouldn’t good news be good - pound plunged the most in almost two years against the dollar, euro fell to a five-week low against the dollar after central bank statements - what would happen to 10 year US treasury yields - wher...