ASEAN Speaks

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

In the current bearish market, what type of stocks and portfolio would lead? Has the US markets priced in all possible rate hikes? What is the likelihood of a recession? We ask Chan Han Chin, portfolio strategist at Maybank Investment Banking Group (Maybank IBG). Presenter & Producer: Noelle Lim, Maybank IBG

As inflation accelerates in some key markets of ASEAN, our analysts at Maybank Investment Banking Group (Maybank IBG) discuss their broader implications on banking asset quality, policy rate moves, and ASEAN equities strategy. 00:29 - Roundup - Winson Phoon 04:07 - MY inflation - Suhaimi Ilias 07:56 - PH inflation - Suhaimi Ilias 09:06 - SG inflation - Lee Ju Ye 13:00 - ID interest rate - Lee Ju Ye 15:22 - MY banks - Desmond Ch’ng 17:58 - PH banks - Rachelleen Rodriquez 20:56 - ASEAN equities - Anand Pathmakanthan 23:40 - PH strategy - Jacqui de Jesus 26:00 - Favour quality stocks - Chan Han Chin 30:00 - MY auto without SST - TJ Liaw Producer: Noelle Lim

The Fed hiked interest rate by 75bps, the largest increase at a meeting since 1994. What can we expect in the remaining four FOMC meetings this year? As ASEAN are largely food exporters, what are the opportunities and risks as a result of food inflation? And what’s the likelihood of Laos defaulting on its debts? 00:31 - Roundup - Winson Phoon 04:20 - Fed ups 75bps - Suhaimi Ilias 10:51 - Food inflation, crisis - Chua Hak Bin 18:25 - ID interest rate - Lee Ju Ye 20:50 - Laos to default? - Brian Lee 25:52 - S-REITs winners, losers - Chua Su Tye 28:47 - PH property drivers - Miguel Sevidal 30:28 - ID plantations - Ong Chee Ting Producer: Noelle Lim, Maybank IBG

We highlight some key conversations that took place at Invest ASEAN 2022, starting from understanding the biggest issues that will affect us in the next five years to thriving in an uncertain environment. We see sustainability as the way forward, supported by inclusive and equitable growth. The podcast features: 00:29 - Rodger Baker, SVP of Strategic Analysis, Stratfor 05:00 - Tensie Whelan, Clinical Professor of Business & Society, NYU Stern Center for Sustainable Business 12:50 - Peter Grauer, Chairman, Bloomberg & Founding Chair, US 30% Club 20:06 - Dr Soraphol Tulayasathien, Head of Sustainable Market Development, The Stock Exchange of Thailand 22:13 - Dr Ken Yeoh, Vice-President of Governance & Sustainability, Bursa Malaysia 24:24 - Low Chin Loo, Strategic Advisor APAC, EDGE Strategy 27:43 - Dato’ Ami Moris, CEO of Maybank Investment Banking Group (Maybank IBG) & Chair, 30% Club Malaysia Producer: Noelle Lim, Maybank IBG

Our economists do a deep dive on interest rate expectations; how ASEAN remains the cleanest dirty shirt as developed markets struggle; while it is land of smiles again for Thai tourism; and if it's time to return to Vietnam's markets. 00:32 - Roundup - Chua Hak Bin 04:17 - MY 2Q GDP forecast - Suhaimi Ilias 09:48 - ID interest rate forecast - Lee Ju Ye 11:39 - TH interest rate - Lee Ju Ye 13:57 - ASEAN cleanest dirty shirt - Anand Pathmakanthan 17:50 - MY banking earnings - Desmond Ch’ng 20:05 - TH tourism - Yuwanee Prommaporn 23:07 - VN strategy - Hoang Huy Producer: Noelle Lim, Maybank IBG