ASEAN Speaks

Maybank

ASEAN Speaks by Maybank presents conversations with market analysts and thought leaders across Southeast Asia on topics covering equities, fixed income, forex, economics, sustainability, and current affairs that impact regional markets.

  1. 12/03/2025

    Dominance of China's EV Supply Chain

    This episode is a deep dive into the real power shifts in China's EV supply chain and how competitive forces are shaping up in the battery chemistry labs, EV gigafactories and in energy-storage systems.

    47 min

  2. 11/10/2025

    Banking on Resilience

    In this week's ASEAN Speaks, our host Thilan breaks down the key developments shaping Singapore’s markets as the US government shutdown nears resolution and expectations rise for a December Fed rate cut. In light of that, we review Singapore banks’ 3Q results, highlighting why OCBC has been upgraded to BUY, while DBS remains a BUY and UOB a HOLD. Thilan explains the trends driving net interest income, non-interest income, and capital returns across the sector. Our TMT analyst Hussaini, then joins to discuss SingTel, sharing insights from its Associate performance and how that could influence upcoming results. Covering for Samuel, our gaming analyst, Sheryl covers Genting Singapore's strong 3Q results, reiterating its BUY call due to upcoming 4Q seasonality, and expansion in non-gaming attractions as key drivers for continued growth. Promo: Don’t miss our Punchy Techy Offer! Win up to SGD5,000 in shopping vouchers by executing BUY trades on Azeus Systems, Info-Tech Systems, or AvePoint until 31 January.

    24 min

  3. 11/03/2025

    Momentum, Money & Markets

    The countdown to year-end has begun and markets are showing momentum. In this week’s episode of Market Monday, host Thilan breaks down the key movers and macro shifts shaping Singapore’s investment landscape.Xuan Hao shares his BUY initiation on iFAST with a target price of SGD11.95, highlighting the catalysts behind the fintech’s strong outlook.Next, we turn to Sheng Siong, which surged nearly 6% after strong 3Q results. Analyst Hussaini reiterates a BUY rating, calling the supermarket chain one of the best proxies for Singapore’s domestic growth story.Special guest Tim Philips, founder of TimTalksMoney and SGX Academy Trainer, joins to discuss SaaS and cloud stocks such as AvePoint and what makes this sector appealing to investors.Promo: From now until 31 January, investors who trade AvePoint, Azeus Systems, or Info-Tech Systems on SGX will receive a SGD20 shopping voucher.

    27 min

  4. 10/27/2025

    Singapore Pulse: From Bank Earnings to Market Value-Up

    In this week’s episode of ASEAN Speaks, Thilan Wickramasinghe, our Head of Research, introduces the 3Q25 Singapore banks outlook, and discussed "value-up" reforms that could unlock value and sustain the SMID rally. We then turn to Hussaini Saifee, our TMT analyst, who breaks down his decision to downgrade SEA Limited to a HOLD, citing slower margin recovery. Finally, our host, Jarick Seet, discusses his decision to maintain a BUY on Marco Polo Marine, highlighting their new growth opportunities. Stay tuned for more insights on ASEAN markets in our next episode.

    13 min

  5. 10/13/2025

    Exhaustion or Opportunity?

    In this week’s episode, Seng Yeow hosts, joined by Erica and Hussaini. Seng Yeow opens the discussion with the week’s key geopolitical and macro developments — including renewed Israel–Hamas tensions and the U.S. plan to impose 100% tariffs on Chinese imports by November 1 — framing them as signs of growing strain in global markets. He notes that “markets don’t die of altitude — they die of exhaustion,” reflecting the cautious investor sentiment seen lately. Erica shares insights on China’s 15th Five-Year Plan, highlighting the country’s push for long-term self-sufficiency and structural reforms. Hussaini wraps up with a defensive view, reiterating a BUY rating on Sheng Siong for its resilient fundamentals and steady performance amid uncertainty.

    19 min

  6. 10/06/2025

    ASEAN’s Digital Shuffle: Commerce, Banks, and Beyond

    In this week’s episode of ASEAN Speaks, Hussaini Saifee, our TMT analyst, introduces the emerging concept of Agentic Commerce — what it means for the future of online shopping, how it compares to existing e-commerce platforms, and the implications for key regional players such as Sea Ltd. We then turn to Malaysia, where our host, Thilan, breaks down the state of digital banks. With five new licensees, competition is heating up, but profitability remains a distant goal. Jarick Seet shares insights from his recent roadshow with Sanli Management, outlining key growth drivers and the rationale behind his strong BUY call on the company. Finally, Krishna Guha discusses his upgrade on Lendlease Global Commercial Trust, highlighting company-specific drivers, the impact of falling benchmark rates, and his quick take on the overall REIT sector outlook.

    16 min

  7. 09/29/2025

    Singapore's Big Build

    In this week’s episode of ASEAN Speaks, Singapore takes center stage with a construction boom that could reshape the economy. Our Macro Team forecasts the sector to grow at more than 5% annually between 2025 and 2030—well above GDP. Hak Bin shares how this compares with past cycles, what’s fueling the surge, the potential spillover to the broader economy, and the key risks to watch. We then move to the Telco and Internet space. Hussaini breaks down Optus’ latest outage just as a Singtel delegation meets Australian regulators, plus what Simba’s latest results mean for Singtel and StarHub. He also covers Grab’s launch of self-driving services in Punggol and what it could mean for earnings and valuations. And with Wilmar’s cooking oil case overturned by Indonesia’s Supreme Court, Hussaini explains the implications for the stock. Tune in for these insights and more to help you navigate the week’s market moves. Edited by Xuan Hao, Wanzhen

    22 min

  8. 09/22/2025

    New Indexes, Fresh Insights: ComfortDelGro & Food Empire

    In this week's episode of ASEAN Speaks, out host Thilan unpacks the bullish momentum in Singapore's markets and the launch of SGX's new Next 50 indxed, as well as what they mean for small- and mid-cap investors. Sheryl takes us through Eric's deep dive on ComfortDelGro's underperformance versus the STI, and how earnings from Copenhagen could provide a boost. Finally, Xuan Hao shares fresh insights on Food Empire, highlighting strong earnings momentum in Vietnam, the brand's positioning in a competitive market, and how management is navigating headwinds in Russia.

    8 min
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About

ASEAN Speaks by Maybank presents conversations with market analysts and thought leaders across Southeast Asia on topics covering equities, fixed income, forex, economics, sustainability, and current affairs that impact regional markets.

Information

  • Creator
    Maybank
  • Years Active
    2020 - 2025
  • Episodes
    325
  • Rating
    Clean
  • Copyright
    © Maybank
  • Show Website
    ASEAN Speaks