ASEAN Speaks

In this week's edition, we talk about our Feng Shui Guide to Prosperity as we usher in the Year of the Wood Sssnake. Discover how astrological predictions, economic trends, and key sectors could shape the Year of the Wood Snake, featuring Master Ken Koh's advice for navigating 2025's challenges and opportunities. Furthermore, three of our analysts join us today to talk more about their specific sectors around the ASEAN market. Jocelyn is joining us today to talk about why the poultry market in Indonesia has a positive outlook and what her top picks are in that sector Natasha will be talking about what her insights are from a site visit of IHH Healthcare and why those takeaways underscore her bullish stance on this healthcare giant. While Eric joins us to explain more no why he believes the Healthcare sector in Singapore is a Neutral sector with growth catalysts being essential for stock re-ratings in this sector.

In this episode, we will be going through the newly signed JS-SEZ agreement and how Singapore's plan to invest money and policies behind it will make this time different. With both Malaysia and Singapore setting up funds to develop infrastructure and subsidise companies transitioning into the JS-SEZ, as well as a joint target of 100 projects in the SEZ. We also covered a selection of Singaporean and Malaysian companies that we believe would benefit the most from the agreement. Two of our analyst are also joining us today. Krishna Guha who will be talking about why he thinks the outlook for REITs are getting better and Hussaini Saifee who will be talking about why he remains bullish on the ASEAN Internet sector. Edited by Xuan Hao/Dion/Bruce

In our first 2025 podcast, we discuss whether Singapore can maintain its market momentum in 2025. Our Singapore economist, Brian Lee, shares his outlook for 2025, discussing expected growth drivers and why he forecasts resilient economic momentum for Singapore in the year ahead. We also feature two of our analysts Krishna Guha and Hussaini Saifee who will each give insights of what trends and drivers we can expect in 2025. Covering Telcos & Internet and REITs & Industrials. Edited by: Xuan Hao/Bruce/Dion

In this year's wrap-up of ASEAN Speaks we cover the key drivers that led to Singapore being the best performing market in Asia and how those drivers will impact next year. We also feature three of our analysts Krishna Guha, Hussaini Saifee and Jarick Seet who will each give an overview of what key factors and trends drove their specific sectors this year. Covering REITs and Industrials, Telcos and Internet as well as Offshore & Marine and Tech Manufacturing respectively. Our Singapore economist, Brian Lee also covers how 2024 fared, where he thinks growth will land as well as why his recent forecast on Singapore is to expect resilient growth in the upcoming year. Edited by: Xuan Hao/Bruce/Dion Note: This will be the final episode for Singapore's ASEAN Speaks for 2024. We will be taking a break and resuming in January 2025. Have a happy holidays!

In today's special edition of ASEAN Speaks we start off with our SMIDs Analyst, Jarick Seet, giving us an insight into why SingPost deserves attention as the next top pick to release value despite S&P's recent move to place them on CreditWatch negative following the sale of its Australia business. Next, we are joined by our special guest, Matt Bryson, Wedbush's Senior Enterprise Hardware Analyst. He will share his view on AI, memory, storage and where the big stocks like NVDIA and Intel are heading. So stay tuned! And do not miss out on this week's hot takes!

As Asian shares decline for the second month due to Trump 2.0 policies and slow Chinese stimulus, there’s renewed hope in ASEAN markets. Our regional strategist, Anand Pathmakanthan, highlights why ASEAN is the place to watch, with Singapore, Malaysia, and Indonesia leading the charge. Meanwhile, Jarick Seet discusses SingPost’s sale of its Australian assets—a move that’s the “worst-kept secret” in the market but could unlock significant value for shareholders. Don’t miss these insights! Edited by Xuan Hao/Leslie/Dion

Markets rebound as a data-packed week stirs volatility, with Singapore’s economy hitting an 11-quarter high alongside a surge in manufacturing numbers. What does this mean for a stronger SGD and key opportunities? Our Co-Head of Research, Dr. Chua Hak Bin, breaks it all down. Meanwhile, GLC restructuring and asset monetisation are unlocking value, with SingPost leading the charge asset sales and cost optimisation, while Frencken shines in the tech sector despite challenges. Jarick Seet dives into why these stocks are ones to watch. Don't miss out on these insights! Edited by Xuan Hao/Leslie

As inflationary concerns loom, Asia remains optimistic after Xi-Biden talks. Amidst this optimism, Grab Holdings and Sea Limited are making waves. Our telecom analyst, Hussaini Saifee, explores how these two standout companies are seizing growth opportunities in this evolving landscape. Next, our Head of Research, Thilan Wickramasinghe, highlights how Sembcorp Industries is redefining its future with strategic divestments and a sharp focus on renewable energy, solidifying its position in the energy transition. Join us to uncover the strategies shaping tomorrow’s leaders. - Edited by Xuan Hao/Leslie

Trump’s comeback to the presidency has stirred up fresh waves of uncertainty. With inflation likely to rise, the Fed’s path to easing could face serious challenges. To break down what this means for the global and regional markets, our in-house Economist, Erica Tay, who’ll dive into the potential impacts and discuss whether China’s recent debt swap is a genuine stimulus move or more symbolic. Meanwhile, we’re also on the lookout for regional winners in a “Trump 2.0” era. Our regional Analyst, Chak Reangsinpinya sees Thailand as particularly well-positioned, identifying three main themes: the acceleration of the "China Plus One" strategy, the impact of higher U.S. interest rates, and potential shifts in the energy market. Join us as we explore the possible ripple effects of Trump’s return on our side of the world. - Edited by Xuan Hao/Leslie

This week, our guest host, Jarick Seet, will take us through what we can expect from the Telco and SMIDs sector as we head off to the end of the year. He is first joined by Telco Analyst, Hussaini Saifee who has just reiterated his BUY call on Singtel (ST SP) explaining how its subsidiary, Simba, may the key to success. Additionally we will get to hear how its peer, Starhub (STH SP) might be affected within this Telco sphere as a result. Next, Jarick will take us through the key picks to look out for within the SMIDs sector in this coming 3Q. Having just returned from roadshow in KL with Marco Polo Marine's (MPM SP) management, he believes that there are more bullish prospects than ever before. So don't miss out and tune in to this week's ASEAN speaks! - Edited by Xuan Hao/Leslie