ASEAN Speaks

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 - Roundup - Suhaimi Ilias 06:45 - Regional green shoots - Chua Hak Bin 11:28 - PH interest rate - Zamros Dzulkafli 14:20 - TH macro - Erica Tay 18:52 - FX - Saktiandi Supaat 24:16 - ID property - William Jefferson 25:49 - SG telco - Kelvin Tan Producer: Noelle Lim, Maybank

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 - Saktiandi Supaat 17:29 - Rupiah - Saktiandi Supaat 19:57 - FX opportunities - Saktiandi Supaat 21:46 - ASEAN picks - Anand Pathmakanthan 23:44 - SG REITs - Krishna Guha 25:26 - PH rice price - Daphne Sze Producer: Noelle Lim, Maybank

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, GDP - Erica Tay 25:25 - ID interest rate - Brian Lee 27:21 - Oil and gas - Jeremie Yap 31:19 - TH renewables - Natchaphon Rodjanarowan Producer: Noelle Lim, Maybank

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 de Jesus 25:55 - Currencies - Saktiandi Supaat 29:19 - ASEAN equities - Anand Pathmakanthan Producer: Noelle Lim, Maybank

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? 00:35 - Roundup - Winson Phoon 04:45 - MY Budget 2024 - Suhaimi Ilias 12:06 - MY fuel subsidy - Suhaimi Ilias 14:34 - TH GDP - Erica Tay 18:23 - TH banking - Jesada Techahusdin 19:52 - SG manufacturing - Brian Lee 24:57 - Dollar outlook - Saktiandi Supaat 27:56 - CNH, Ringgit - Saktiandi Supaat 29:54 - TH equities - Chak Reungsinpinya Producer: Noelle Lim, Maybank IBG