海外研报

EM Weekly Fund Flows Monitor

The EM Asia region saw buying of US$1.7bn this week,led by A-shares (+US$2.2bn) and Korea (+US$1.4bn).

Charting the course to higher Gross Margins; Raise PT to NT$1200

We believe that TSMC is now firmly on course to improving GMs in the next few years, with GMs troughing out at 53% in the most recent downcycle and plenty of

Emerging Market Weekly Pulse

The week started with pressure on EMs after the assassination attempt on former US President Donald Trump. Meanwhile, though Fed Chair Jerome

DBS Stock Equity Picks

18 Jul - Singapore Telecom: Remove from Blue Chips at SGD3.02 We lock in gains for the stock as we see limited upside following the stellar run-up over the past 1-2

Prefer US to China exposure

side, several large companies have reduced their guidancedue to weakness coming from China (L’Oreal lowered its

This is Non-Independent Research

The June US CPI report provided another piece of evidence that the disinflation theme has resumed in the US and provided another boost to the Fed’s doves. Headline fell 0.1%MoM, driven by softer core CPI number

Interest Rates Daily

June CPI surprised to the downside, solidly below expectations for both headline and core measures. Headline fell -0.1% MoM (consensus +0.1%), slightly down

Thematic Research

Several key economic indicators are due next week across the major economies, including retail sales in the US, inflation in the UK and Japan, as well as Q2 GDP

Quarterly Market Review

The economic momentum of the first quarter of 2024 continued into the second, and the last three months were another positive period for equity markets. Initially, investors aggressively

Americas Construction: Building Products: AHAM Read-Throughs

2Q24 T-6 Volumes Up 2% YOY: This compares to a 6% decrease in 1Q and flat ayear ago. We note shipments improved through the quarter against easing