ASEAN Speaks

In this week's episode of ASEAN Speaks, our host Thilan paints the best-case scenario for ASEAN amidst all of Trump's uncertainties.Jarick our SMIDs analyst goes through his Opportunity+ Stock, ISOTeam and why he believes there is a lot of upside potential.Anand our regional head of research dials in, giving his input on how the six ASEAN markets will develop and what stocks investors should look out for.Thilan also goes through Singapore and Malaysia Banks after loan growth numbers have been announced for May and why we remain Neutral as well as a few preferred stocks for both sectors.Edited by Xuan Hao, Dion, Abdullah, Bruce

In this week's episode of ASEAN Speaks, our host Thilan discusses upgraded STI targets and why he believes the index will break through the 4000 barrier and what he believes are some of the stocks that are well positioned to benefit.Brian Lee, our economist joins us to look at how core inflation moderated from 0.7% to 0.6% and what he believes the inflation will be like for the rest of the year.Jarick has recently upgraded his target price for CSE Global and our host Thilan goes through why Jarick is mega bullish on this stock.Finally we have Syifa coming in from Malaysia to talk about IGB REIT and why it's recent acquisition of Mid Valley Southkey Mall led to her upgrading her earnings and dividends forecast.Edited by Xuan Hao, Bruce, Dion, Abdullah

In this week's episode of ASEAN Speaks, Singapore's Head of Research, Thilan Wickramasinghe gives us his take on his recent increase in target price for the SGX, given the current volatile market. Hussaini also comes on today to speak about his recent reports on Sea Limited, Grab Holdings and Singapore Telecommunications Ltd as well as several takeaways while speaking to clients over the past week.All the way from Indonesia, Willy Goutama talks about his recent initiation on a Opportunity+ stock, Mulia Boga Raya (KEJU IJ) and why he remains bullish on his outlook for this stock despite macro volatilities.Edited by Xuan Hao, Dion, Bruce, Abdullah

In this week’s show our host Thilan discusses the MAS Equity Market Development Fund and the 18 screened stocks that we see benefits the most that have relatively strong corporate governance.Our analyst from Thailand, Boonyakorn recently upgraded Airports of Thailand to a BUY and he goes through why he sees more upside now.Hussaini also comes in to talk about his brand new survey on ASEAN Internet sellers and consumers and how that would reflect on both Grab and Sea and disucsses teh competitive landscape in Brazil, how that affects Sea and Grab’s recent convertible note issuance.We also go through why Jarick still highlights his buy on Frencken amidst announcements of their expanding Singapore capacity.Edited by Xuan Hao, Dion, Bruce, Abdullah

Diversify, diversify, diversify! That is the name of the game. In today's episode, our host, Thilan bring us his review on our Macro Team's highly recommended report. We will delve in deep to explore whether the softening of the US dollar is structural or temporary as it loses its domimamce as a world reserve currency.Next, we are joined by our Regional Strategist Anand Pathmakanthan as he brings us on an in-depth take through the ASEAN region where he believes many equity oppoportunities can be found as the US dollar softens. Find out which of the ASEAN countries feature the highest OVERWEIGHT recommendation along with Anand's top picksLast but not least, we will also look at our top stock pick of week, Capital A, Air Asia's parent company and why now is the best time to BUY.

In today's episode of ASEAN Speaks, our host Thilan is joined by Krishna Guha our REITs analyst and Brian Lee our macroeconomist.Krishna goes through his recent conversations with many of the REITs management and with investors going through what his key observations of the REITs subsector is and how investors are positioned as well.Our host Thilan discusses on Singapore bank's loan growth data and how it's slowing growth is expected due to uncertainties reiterating his neutral view on the sector.Brian talks about Singapore's manufacturing and how it might impact his GDP forecasts, he also discusses his views on the moves MAS are making on the SGD.Thilan also summarises why our analyst in Malaysia, Natasha Ariza, is calling a big buy on one of Asia's largest private hospital groups, IHH Healthcare.Edited by Xuan Hao, Abdullah, Bruce

In this week’s episode of ASEAN Speaks, our host Thilan reviews Singapore's Q1 GDP outperformance and unpacks selected safe-haven stock picks.Economist Brian Lee joins us to discuss the driving factors behind Singapore's GDP growth and growth forecasts for subsequent quarters.Thilan discusses ISO team's outlook given the anticiapted influx of HDB tenders post General Election amongst other structural tailwinds.Eric Ong reviews LHN Ltd's H1 figures and whther the company will be able to sustain this momentum moving forwards.Finally, Hussaini discusses Singtel's strong quarter with a focus on management's plan to increase shareholder returns. He also speaks on the current competitive landscape for ASEAN internet stocks.Edited by Bruce, Dion, Abdullah, Xuan Hao

In this week’s episode of ASEAN Speaks, our host Thilan unpacks Moody’s downgrade of the US credit rating and the market implications of easing US-China tariffs.Economist Erica Tay joins us to explore what this shift means for China and ASEAN economies. We break down Sea Ltd’s stellar 1Q25 results and why we’ve raised our target price. SMID's Analyst, Jarick Seet is is optimistic about CSE Global Ltd in light of US policy changes and pessimistic on AEM despite increasing trade sentiment.Analyst, Samuel Yin weighs in on Genting Singapore’s outlook following its inline quarter.Edited by Xuan Hao, Dion, Bruce, Abdullah

In this week's epsiode of ASEAN Speaks our host Thilan unpacks the implications of Singapore's General Election and what it means for market stability amid global uncertainty. Once again highlighting our top 40 Singapore-First Picks.Our REITS analyst breaks down 1Q results for most REITs, going through the risks facing the sector and why he remains positive despite a weak quarter. While our TMT analyst goes through Grab's strong first quarter earnings and his take on management's guidance upgrade.On to the consumer sector, Wilmar reported an inline 1Q and an increasing demand in China. Our host Thilan goes through why he believes Wilmar is a resilient stock in this trade war battle.Jumping across to Thailand a new initiation on Thai Life Insurance was recently published. Trading at 0.75x price to value, Thilan goes through why we believe it has a 30% upside.Edited by Xuan Hao, Dion, Bruce

In this week's epsiode of ASEAN Speaks our host Thilan dives deeper into our Singapore Strategy amidst tariff uncertainty, highlighting 40 stocks that we have screened with more than 50% of revenue derived in the domestic market.Eric Ong, one of our analysts comes on the show to talk about Raffles Medical being a local champion, explaining his upgraded target price and some catalysts for the stock.Hussaini also comes along having published a preview on Sea Limited and Grab Holdings highlighting their relatively shielded position from tariff uncertainty and explaining his bear case sensitivity analysis in case the tariff war escalates.Edited by Xuan Hao, Dion, Bruce