29 October 2024
Market View: Prospects of a Trump vs Harris presidency and implications of equities; US earnings season, Movements in Asian markets; Outlook for Japanese yen, equities; CDL Hospitality Trusts, Japfa back in the black; ByteDance founder Zhang Yiming is China’s richest person in new annual rich list
Singapore shares opened almost flat today, after US and Europe’s indices rose overnight.
In early trade, the Straits Times Index (STI) rose 0.02 per cent to 3,584.79 points after 26.8 million securities changed hands in the broader market.
In terms of counters to watch, we have CDL Hospitality Trusts. The stapled group’s net property income for the third quarter ended Sep 30 fell 6.8 per cent to S$36.3 million, from S$39 million in the previous corresponding period.
Elsewhere, from volatilities ahead of the US election and the Bitcoin rising beyond US$70,000 for the first time since June, more international headlines remain in focus.
Also on deck – the short term outlook for the Japanese currency and equities, as well as how the earnings season in Singapore and the US is shaping up thus far.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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17 September 2024
Bigger Picture: What disappointing Chinese growth data means for investors
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management discusses the latest slew of numbers over the weekend reflecting a deepening slowdown in China, and how investors should position themselves around the impending rate cut by the Federal Reserve.
Produced/Presented: Ryan Huang

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27 August 2024
Market View: What Nvidia, chip titans can tell us about big tech AI spending, AI rally; Fed Mary Daly, Thomas Barkin on interest rates; Oil prices movement; SGX counters Silverlake Axis, RE&S, privatisation, and reviving interest on SGX and more
Singapore shares were little changed this morning after previously ending higher on Federal Reserve chair Jerome Powell’s Jackson Hole comments signalling a September rate cut.
In early trade, the Straits Times Index (STI) was down slightly by 0.01 per cent, to 3,395.75 points after 36.6 million securities changed hands in the broader market.
In terms of developments to watch, we have Silverlake Axis. The enterprise technology company has received a voluntary unconditional offer to go private at S$0.36 per share in cash.
Alternatively, shareholders may choose to receive a combination of cash and redeemable preference shares.
Elsewhere, from a deep dive into comments by Fed officials Mary Daly and Thomas Barkin, and what big tech names like Nvidia can tell us about the longevity of the AI boom, more international and corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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24 July 2024
Bigger Picture: Navigating India, China, crypto and US earnings
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management discusses who the winners and losers are from India's Budget, the appetite for cryptocurrencies with Ether ETFs and Inverse Bitcoin ETFs launched this week, the surprise rate cut by China, as well as how much the US earnings season will lift stocks.
Produced/Presented: Ryan Huang

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3 July 2024
Market View: Jerome Powell on reaching 2% inflation target by 2025, 2026; Wall Street optimism; Singapore banks maintain rising trajectory, DBS, OCBC soars to record highs; China’s services activity expanded at slowest pace in eight months; EU draws up plans to impose custom duties on cheap goods from Temu, Shein and more
Singapore equities maintained their strong uptrend this morning after global equities ended mixed overnight.
In early trade, the Straits Times Index (STI) climbed 1 per cent to 3,401.7 points after 36.9 million securities changed hands in the broader market.
In terms of developments to watch, we have  Keppel, after it merged two indirect wholly owned subsidiaries, Keppel Fund Management and Keppel Capital Alternative Asset, to streamline the company’s organisational structure.
Elsewhere, from Fed Chair Jerome Powell’s comments on inflation at a forum on central banking to Chinese services activity growth hitting a 8-month low – more international headlines remain in focus.
Also in store – how the trio of local banks continued their rising trajectory after setting fresh records in the previous session.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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28 May 2024
Bigger Pic: China steps up support for chips, property
Eddy Loh, Chief Investment Officer, Maybank Singapore's Group Wealth Management discusses what investors can takeaway from China's move to set up up a $47.5 billion semiconductor investment fund to propel development of the domestic chip industry, as well as recent moves to reduce the inventory glut in the property market. He also looks ahead to the UK elections in July for implications on stocks and GBP.
Produced/Presented: Ryan Huang

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5 January 2024
Bigger Picture: Rising demand for purpose-driven investments including Shariah-investing
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management discusses why Shariah investing is set to become more popular amid growing interest to align investments with ESG values. He also shares why he sees better value in Asia ex-Japan stocks which have the potential to play catch up to global peers.
Edited/Presented: Ryan Huang

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5 September 2023
Market View: How have Singapore companies grown their dividends over the years?; Dasin Retail Trust’s notice of default; Country Garden made interest payments; RBA hold rates steady; Is cash the king now?; OpenAI’s chief Sam Altman granted Indonesia’s first golden visa
Singapore stocks opened weaker today as index counters started the morning mostly in negative territory.
In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,229.79 points after 39.6 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Dasin Retail Trust, after the trust  received a notice declaring that an event of default has occurred under its onshore syndicated term loan facility of up to 400 million yuan (S$74.6 million).
Meanwhile, from more on Country Garden to the Reserve Bank of Australia holding rates steady - more international headlines remain in focus.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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26 July 2023
Bigger Picture: FOMC July rate hike preview, one and done?
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management explains why the US Federal Reserve is like to take a pause after hiking in the July meeting, and how investors can look at rotating to other sectors like energy and staples away from technology.

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11 July 2023
Market View: DBS sells majority stake in AXS; China signals more economic support measures; Amro cuts ASEAN+3 inflation forecast; BoK to keep policy rates unchanged; South Korea’s nuclear power-linked stocks surges on possibility of new atomic plant; US inflation expectations
Singapore stocks were higher at the open, following cautious sentiment in Wall Street as investors await critical inflation data out of the US.
In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,160.10 points after 38.5 million securities changed hands in the broader market.
In terms of companies to watch for today, we have DBS, after the bank agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to private equity firm Tower Capital Asia.
Elsewhere, from China signalling more economic support measures to inflation forecasts for Asean +3 and the US and nuclear stocks jumping in South Korea, we’ve got more international headlines for you.
On Market View, the Drive Time team unpacked these developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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16 June 2023
Bigger Picture: Is the rally a moment of reckoning?
The fate of stock markets normally look dicey before every Fed announcement, but based on the last meeting, not so much now.
So what does all of it mean? Where does all investors' money go from here?
Eddy Loh, Chief Investment Officer, Maybank Singapore's Group Wealth Management shares his thoughts.
Presented by Sean Cheong.
This podcast is edited by Anthea Ng (nganthea@sph.com.sg)

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21 April 2023
Bigger Picture: US aims for more tech investment curbs on China
Eddy Loh, Chief Investment Officer, Maybank Singapore's Group Wealth Management, discusses how Washington's aim to step up restrictions on grounds of national security, plus the EU's Chips Act will impact markets.

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22 March 2023
Market View: Janet Yellen reiterates support for lenders; NIO’s CFO confident of doubling sales to 250,000 EVs this year; Merger of Credit Suisse and UBS on concentration; Possibility of more landmines for banks to come; US Fed’s rate decision and chances of a rate pauseMAR MARKET VIEW EDDY LOH MAYBANK PODCAST
Singapore shares opened on a healthy footing, following overnight gains in the US and Europe.
The Straits Times Index rose 0.6 per cent in early trade to 3,194.3 points, after 77.9 million securities changed hands.
In terms of companies to watch for today, we have automaker NIO, after the company’s CFO said it’s “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year.
Elsewhere, investors cheered comments from US Treasury Secretary Janet Yellen reiterating support for lenders after the collapse of two regional banks earlier this month, and set their sights on the latest Federal Reserve policy decision due on Wednesday. But how likely is a rate pause?
On Market View, the Drive Time team sat down with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management for more.

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23 February 2023
Market View: Clues from latest FOMC minutes, REIT earnings, Singapore’s NODX down 25% from high year-ago base, Outlook for export oriented sector, Baidu-backed WM Motor Holdings cutting costs to survive and impact on China’s booming EV market
Singapore stocks started the day on a softer note, after markets in the US and Europe fell overnight. Local banks and index counters also started the morning mixed.
The Straits Times Index headed down 0.1 per cent in early trade to 3,296.24 points after 91 million securities changed hands.
In terms of companies to watch for today, we have UOB, which reported a 24 per cent climb in profits in the second half of the year ended December. But what is the outlook for the banking sector after the latest Fed minutes indicated that rates will likely be higher for longer?
We’re also tracking the property sector today, after CapitaLand Investment reported a 33.8 per cent on-year drop in net profit to S$428 million for the six months ended December. But what’s next for the property sector?
On Market View, the Drive Time team spoke with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management for more.

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23 February 2023
Market View: Clues from latest FOMC minutes, REIT earnings, Singapore’s NODX down 25% from high year-ago base, Outlook for export oriented sector, Baidu-backed WM Motor Holdings cutting costs to survive and impact on China’s booming EV market
Singapore stocks started the day on a softer note, after markets in the US and Europe fell overnight. Local banks and index counters also started the morning mixed.
The Straits Times Index headed down 0.1 per cent in early trade to 3,296.24 points after 91 million securities changed hands.
In terms of companies to watch for today, we have UOB, which reported a 24 per cent climb in profits in the second half of the year ended December. But what is the outlook for the banking sector after the latest Fed minutes indicated that rates will likely be higher for longer?
We’re also tracking the property sector today, after CapitaLand Investment reported a 33.8 per cent on-year drop in net profit to S$428 million for the six months ended December. But what’s next for the property sector?
On Market View, the Drive Time team spoke with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management for more.

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17 January 2023
Bigger Picture: What's not yet priced into earnings season
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management discusses how the earnings season will fare amid more warnings of a recession this year, and how to approach investing in China as it reopens.

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14 December 2022
Bigger Picture: Cooler than expected US inflation gives Fed breathing room
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management talks about the how much the latest moderation of US inflation data will allow the Federal Reserve to dial back on its rate hike campaign, as well as why he's underweight equities in the US, alongside Europe and India.

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28 September 2022
Bigger Picture: Markets continue to sink into a bear market
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management discusses his views on the movement of a few currencies and what to expect from the upcoming China PMI numbers.

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26 August 2022
Bigger Picture: Hawkish drumbeat ahead of Jackson Hole speech
Eddy Loh, Chief Investment Officer Maybank Group Wealth Management, discusses what's driving Fed officials to lean towards higher rates, and whether China's latest round of stimulus measures will be enough to revive its economy.

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26 July 2022
Bigger Picture: Walmart cuts outlook as consumer spending patterns shift
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management, discusses the main takeaways of the earnings season so far with Walmart the latest to flag more pressure on margins, as well as how investors should read Singapore's latest inflation reading at 14 year highs in June.

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22 June 2022
Bigger Picture: Downside risks for markets in 2H2022
Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management, discusses how investors can reduce their risk exposure and why he is underweight on equities as an asset class.

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22 March 2022
Bigger Picture: Powell signals potentially bigger rate hikes
Eddy Loh, Senior Investment Strategist, Maybank Group Wealth Management discusses why Fed Chair Jerome Powell is already sounding more hawkish less than a week after the FOMC kicked off the rate hike cycle, and what it means for investors.

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