Danareksa Equity Snapshot - Plantation Sector (OVERWEIGHT) Oct 18 Inventory:Up But Below Expectations November 13, 2018 09:38 WIB Yudha Gautama Malaysia’s palm oil stockpile climbed further to 2.72mn tons in Oct 18 (+23.6% YoY, +7.6% MoM), albeit missing the consensus estimate of 2.86mn tons, due to stronger-than-expected exports performance in Oct 18....
Eugene Leow, Rates Strategist Neel Gopalakrishnan, Credit Strategist DBS Group Research Rates: Close call on BSP; leaning toward a pause By many measures, policy settings in the Philippines’ is still too loose. However, we are leaning towards the possibility (just barely) that Bangko Sentral ng Pilipinas (BSP) would stand pat on Thursday...
Nathan Chow, Strategist/Economist DBS Group Research China’s exports data in October surprised to the upside (actual: 15.6% YOY vs. forecast: 11.7% YOY), likely reflecting continued shipment frontloading and strong US demand. However, new export order of the manufacturing PMI suggests that the recent strength in shipment will prove fleeting. The immediate...
Jameel Ahmad - Global Head of Currency Strategy & Market Research FXTM Jakarta, 12 November 2018 - Reaksi investor terhadap berita bahwa Dolar telah melonjak ke level tertinggi 2018 baru di awal hari Senin ini dan bagaimana berita ini mengubah pendekatan mereka terhadap pasar berkembang akan menjadi faktor penting...
Samuel Tse, Economist DBS Group Research China’s retail sales and industrial production figures are expected to ease further in October. Hong Kong and Japan will likely report softening growth figures due to extreme weather conditions. Malaysia’s 3Q GDP growth is forecast to remain stable, thanks to both the favourable domestic demand and...
PT BCA Sekuritas Pandu Anugrah, Head of Research Johanes Prasetia, Equity Analyst 3Q18 revenue grew stronger Aggregate 3Q18 revenue in the retail sector exhibited positive momentum of 14.4% YoY vs. softer growth in the past two consecutive quarters (1Q18 and 2Q18 of 13.5% and 9.9% YoY, respectively). This was largely driven by stronger...
Chris Leung, Economist DBS Group Research The Greater Bay Area (GBA) is sizeable in geography, population, GDP, and potential. The GBA initiative is an exercise in securing synergies through infrastructure and technologies. Physical connectivity within the GBA is exemplified by the 36km Hong Kong-Zhuhai-Macao Bridge and the Express Rail Link. GBA could become...
SNAPSHOT U.S. shares fell on worries over global growth. Oil fell on oversupply concerns, which in turn pushed Treasury prices higher. The dollar posted a modest gain, pressuring gold lower. OPENING CALL Japan's July-September gross domestic product results are due Tuesday. The economy is expected to have shrunk 1.0% on an annualized...
3Q18 results review: growth rebounded 3Q18 results season saw more positive earnings surprises than negative, albeit on the back of more conservative forecasts since Jun/Jul this year. Positively, earnings growth picked up in 3Q18 following two quarters of tepid numbers, boosted by margin expansion for banks and commodities. Foreign selling remained relentless...
CPO inventory levels could remain high in 4Q18, mainly on lower exports, and could thus continue to cap CPO price upside in the short term. However, most speakers agreed that prices are...