ASEAN Speaks

As sentiment on Chinese property stocks lifted last week, we discuss our outlook for bonds. We also unpack our special reports on Philippines remittances, ASEAN equities strategy, Thailand’s telco spectrum, and our forecast on Vietnamese banks. 00:22 - Roundup - Chua Hak Bin 02:17 - CNY bonds, property - Winson Phoon 06:33 - TH GDP, THB - Lee Ju Ye 10:02 - PH interest rates, remittances - Zamros Dzulkafli 14:52 - ASEAN strategy - Anand Pathmakanthan 17:36 - TH telco - Wasu Mattanapotchanart 21:43 - VN banks - Quan Trong Thanh Producer: Noelle Lim, Maybank IBG

Following the US markets’ spectacular performance on Friday where the S&P closed at 4,280, our analysts at Maybank IBG highlight what we need to look out for in ASEAN this week. We also peek into our brand new ASEAN ESG Alpha report for top ESG picks. 00:20 - Roundup - Ong Seng Yeow 01:59 - MY GDP - Suhaimi Ilias 07:35 - GE stocks - Anand Pathmakanthan 09:43 - Yield curve flattening - Winson Phoon 11:46 - Bond picks - See Tho Mun Yi 13:15 - TH interest rate - Lee Ju Ye 15:18 - TH banks - Jesada Techahusdin 16:35 - TH tourism - Yuwanee Promaporn 17:32 - TH telco - Wasu Mattanapotchanart 22:00 - ASEAN ESG Alpha - Jigar Shah 23:16 - ESG picks - Chan Han Chin Producer: Noelle Lim, Maybank IBG

Our analysts at Maybank IBG unpack Singapore’s bank earnings, stock call upgrades for ASEAN, and consider if Vietnam’s slowing exports are a warning sign for the rest of Asia, and how much more legs will the ASEAN bond rally have, and should investors subscribe to Singapore’s 50 year sovereign green bond. 00:21 - Roundup - Chua Hak Bin 03:02 - SG banks - Thilan Wickramasinghe 06:07 - ASEAN bonds rally - Winson Phoon 10:15 - PH BSP moves - Suhaimi Ilias 13:27 - ID GDP - Lee Ju Yen 17:27 - VN exports slow - Brian Lee 20:09 - ASEAN fortnightly - Anand Pathmankanthan 22:33 - VN earnings - Hoang Huy Producer: Noelle Lim, Maybank IBG

Tan Sri Shahril Ridza Ridzuan, Chairman of Axiata, and former Managing Director of Khazanah Nasional and Chief Executive Officer of Employees Provident Fund (EPF) discusses leadership, the real value of a digital bank license, nurturing innovation and picking the right talent, and the path of transformation in Malaysia. Dato’ Fad’l Mohamed, CEO of Maybank Investment Bank speaks with the self-confessed science geek and gamer on C-Suite Talks. Shahril’s top three recommended books: 1) The First Law Trilogy, by Joe Abercrombie (fiction) 2) Alexander Hamilton, by Ron Chernow (history) 3) The Immortal Life of Henrietta Lacks, by Rebecca Skloot (science) Producer: Noelle Lim, assisted by Shirley Ann Lau, Maybank IBG

As the US enters a technical recession but with strong jobs data, how will this affect the Fed’s decision on interest rates in September? And in a slower growth environment, how resilient are banks and REITs?  00:21 - Roundup - Ong Seng Yeow 01:15 - FOMC expectations - Chua Hak Bin 06:36 - Bond outlook - Winson Phoon 10:35 - TH interest rate - Lee Ju Ye 11:54 - SGD/MYR - Saktiandi Supaat 14:20 - Chinese manufacturing - Saktiandi 15:41 - MY market bottoming - Chan Han Chin 17:50 - MY GE - Han Chin 19:55 - SG, MY, ID banks - Thilan Wickramasinghe 21:38 - MY bank picks - Desmond Ch’ng 22:30 - SG REITs - Chua Su Tye Producer: Noelle Lim, Maybank IBG

Our analysts discuss if institutional investor sentiment will be holding up in Indonesian markets, the best performing in the region year-to-date; will Laos and Myanmar face a mini crisis mirroring Sri Lanka, and pre-election plays for alpha in Malaysia, and discounted stocks and sectors in the Philippines, among others. 00:24 - Roundup - Chua Hak Bin 05:17 - ID interest rate, inflation - Lee Ju Ye 07:14 - ID insti investors sentiment - Lee Ju Ye 08:20 - Cambodia - Brian Lee 10:08 - Laos, Myanmar risks - Brian Lee 12:17 - MY pre-GE alpha - Chan Han Chin 16:32 - MY bank provisions - Desmond Ch’ng 18:45 - TH healthcare downgrade - Yuwanee Prommaporn 21:10 - PH diamonds - Jacqui de Jesus 23:24 - PH banks - Rachel Rodriguez Producer: Noelle Lim

Maybank analysts discuss MAS’ off-cycle policy move to contain inflation and how it’ll affect economic growth in Singapore, and also the direction of currencies, and other market moving updates during a recession-inflation. 00:35 - Roundup - Suhaimi Ilias 04:02 - SG tightens - Chua Hak Bin 07:35 - PH tightens - Zamros Dzulkafli 11:14 - FOMC 26/7 - Winson Phoon 15:05 - ID macro - Lee Ju Ye 19:00 - Trading Recession-Inflation - Saktiandi Supaat 24:20 - PH Consumer - Daphne Sze 26:20 - PH REITs - Miguel Sevidal 28:04 - CPO outlook - Ong Chee Ting Producer: Noelle Lim, Maybank IBG

Our analysts discuss how many more interest rate hikes are in store for Malaysia, the Philippines and Thailand to tame inflation. They also look into Vietnam’s rise as Asia’s next digital tiger and stocks that play into this theme. And with the situation in Russia-Ukraine, what is the outlook for coal prices?  00:36 - Roundup - Winson Phoon 04:29 - MY OPR, GDP - Suhaimi Ilias 10:03 - PH CPI, interest rate - Zamros Dzulkafli 13:00 - TH CPI, interest rate - Lee Ju Ye 16:00 - FX strategy - Saktiandi Supaat 19:59 - VN digital economy - Brian Lee 26:15 - VN equities - Hoang Huy 28:51 - ID coal - Richard Suherman Producer: Noelle Lim, Maybank IBG

A chemical company listed on the Stock Exchange of Thailand, Indorama Ventures (IVL) is the leading manufacturer of polyethylene terephthalate (PET or polyester) and fibers, with more than 100 operating sites across over 30 countries. We speak to Yash Lohia, IVL’s second generation leader, Executive Director and Chief Sustainability Officer about building an infrastructure for a circular economy end-to-end.

Building on the theme of weaker growth, our analysts discuss their outlook - outperformance for the next 6 months within Asia Pacific, emerging market currencies and Yen, and Malaysia’s economy and equities strategy in the second half of this year. 00:21 - Roundup - Ong Seng Yeow 01:38 - Potential for outperformance in Asia - Chan Han Chin 06:39 - MY: S&P revision - Winson Phoon 13:27 - EM FX outlook - Saktiandi Supaat 17:02 - Yen forecast - Saktiandi 18:21 - ID government bonds - Winson 21:01 - MY 2H strategy - Anand Pathmakanthan 25:01 - MY 2H macro - Suhaimi Ilias Producer: Noelle Lim