Seng Yeow

[Seng Yeow @SengYeow]

https://t.co/NdFSYLufuw

[Seng Yeow @SengYeow]

သမ္ဗုဒ္ဓေဂါထာနှင့် မဟာသမယသုတ်တော် https://t.co/NWXhcIA3JQ via @YouTube

[Seng Yeow @SengYeow]

Listen to "Captains Speak" by Maybank Kim Eng ⚓ https://t.co/afSFlm5IaI

[Seng Yeow @SengYeow]

The steep correction in oil & gas related share prices post the OPEC+ alliance breakup in Mar 2020 has made the sector attractive again. While the market remains volatile, risk-reward has improved. A renewed alliance to cut output is a catalyst. #MaybankKimEng

[Seng Yeow @SengYeow]

With the sell down in KLCI & global markets, #MaybankKimEng believes that risk-reward is now in favour of sharply-discounted equities as the Ringgit bond market braces for a supply deluge and potential rating downgrades. https://t.co/DU4wUfhkwh via @YouTube

[Seng Yeow @SengYeow]

#MaybankKimEng 60 Seconds: The MSCI AxJ price/book is at 1.2x currently, same levels as GFC lows and within sight of SARS lows. Time to look for opportunities. https://t.co/llMlQZJkCd via @YouTube

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Singapore eases S$NEER aggressively to maintain SGD's competitiveness and price stability as recession looms and deflation broadens. #MaybankKimEng expects Singapore's 2020 GDP to contract 2.3% vs MAS' projections of -4% to -1%.

[Seng Yeow @SengYeow]

Resorts World Singapore will receive property tax rebates and wage setoffs. This is equivalent to savings of up to S$203m for Genting Singapore (GENS SP), or around 54% of #Maybank IB FY20 earnings forecast - a positive. MIB has a BUY on GENS with S$0.84 target px.

[Seng Yeow @SengYeow]

Singapore's 2nd 'Resilience Package' of S$48b will lead to the largest deficit in Singapore's history. While it will provide a lifeline of 6-9 months, it won't be enough to lift GDP or corporate revenue. Unemployment could hit 3.5%, from 2.3%.

[Seng Yeow @SengYeow]

Singapore REITs have retreated more than 30% since Feb. Though value is in sight, large-cap S-REITs are still trading 20-70% above trough Price to NAVs. https://t.co/y1GY7RWWL1 via @YouTube

[Seng Yeow @SengYeow]

With the slump in crude px & likely review on budget deficit, #MaybankKimEng sees USDMYR risks at 4.445, 4.495. FX-themed picks are TopGlove and next Kossan. https://t.co/tdeo72yG6F

[Seng Yeow @SengYeow]

Malaysia’s latest & 3rd economic stimulus package (ESP) of MYR40.7b to deal with COVID-19 will be followed by another announcement on 30 Mar. The 1st ESP on 27 Feb already places projected 2020 fiscal deficit to GDP at 3.4% vs 3.2% budgeted.

[Seng Yeow @SengYeow]

MyNews is Malaysia's national convenience store chain. Social trends favouring convenience and neighbourhood shopping are evident in higher F&B sales & GP margin expansion from ready-to-eat segment in 1QFY20. Maybank Kim Eng expects shareholder returns of 20%.

[Seng Yeow @SengYeow]

Time to recalibrate. The MSCI Asia ex Jap price to book ratio is at 1.2x currently, which is same as valuation lows during GFC in 2008 and the market sell-off in 2016. ASEAN on the other is already trading 22% below SARs low and 11% below GFC.

[Seng Yeow @SengYeow]

Malaysia's oil & gas services is on a cyclical uptrend. Global sanctioning of projects is rapidly increasing and Maybank Kim Eng is seeing positive developments across the value chain. Position for this upcycle.https://t.co/rL0ve2KD3j

[Seng Yeow @SengYeow]

MKE Singapore banks analyst Thilan Wickramasinghe discusses Singapore’s digital banking landscape and the competitive imact to incumbents. https://t.co/Hj7qnnn3rm

[Seng Yeow @SengYeow]

Singapore's Digital Banking Landscape: Data is King https://t.co/3mklkxklvL via @YouTube

[Seng Yeow @SengYeow]

https://t.co/YyEq1Kg3AY

[Seng Yeow @SengYeow]

Please also participate in our investor sentiment poll on the Thai hospitality sector https://t.co/PBWB1hTsJ3. The survey results will be shared in our research & follow up videos at a later stage.

[Seng Yeow @SengYeow]

Maybank Kim Eng’s hospitality research team is positive on Thailand’s hospitality sector. Teerapol Udomvej CFA shares the fundamental drivers & his 2020 conviction picks in this video https://t.co/GHivtQ5FJ9.