PODCAST · business
ASEAN Speaks
by 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.
Episodes
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Rate Hikes and AI Reality Check
This week, our Host, Seng Yeow opens to a sharp reminder of how sensitive the AI trade has become, with OpenAI disclosing September annualised revenue approaching US$50bn rather than the US$70bn previously indicated, sending Nvidia, Oracle and major semiconductor names down 3-5% intraday. Against...
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Winners of Sticky Inflation
This week, our Host, Thilan Wickramasinghe opens to renewed bond weakness and rising oil, with President Trump rejecting Iran's Straits of Hormuz offer and higher energy costs feeding through to Singapore's inflation prints. Against this backdrop, the team hunts for winners from the higher-rate...
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Domestic strength, regional opportunities
This week, our Host, Thilan Wickramasinghe opens to a broadly positive risk backdrop, with a "very successful" US-China meeting ahead of next week's Trump-Xi summit lifting Asian equities and Wall Street futures. Against this backdrop, the team hunts for structural winners in Singapore and the...
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ASEAN Risk/Reward
This week, our Host, Thilan Wickramasinghe opens to mounting AI and geopolitical risk, with a slew of AI founders warning on the need to slow model development stoking fears over AI spending, while intensifying Middle East tensions push oil another leg higher. Against this backdrop, the team…
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Hormuz Heat, Fed Fears & Keppel's New Story
This week, our Host, Thilan Wickramasinghe opens to rising geopolitical and inflation risk, with US-Iran attacks in the Straits of Hormuz prompting Goldman to flag possible USD120 oil, alongside a stronger US jobs print stoking Fed rate hike odds. Against this backdrop, the team hunts for...
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Godzilla El Niño: Trading the Heat
In this episode, host Thilan Wickramasinghe previews a cautious start to markets, with Asian sentiment weighed down by hawkish weekend comments from Fed Chair Kevin Warsh that have lifted bets on a rate hike next month, alongside fresh Middle East tensions after new US strikes on Iran. Singapore...
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Macro Tailwinds, Plantations and Large Cap Outlooks
In this episode, host Thilan Wickramasinghe previews a pivotal week for markets, with investors watching Fed Chair Kevin Warsh's Jackson Hole remarks for clues on rates, elevated oil prices, multi-decade-high bond yields, and Nvidia's results for signs the AI rally can extend. At home…
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Strong Macro Drives Earning Boost
In this episode, host Thilan Wickramasinghe discusses soft US economic data, a weaker US dollar and Maybank Research’s upgraded Singapore growth outlook. Singapore’s 2026 GDP growth forecast has been raised to 5.2%, supported by AI manufacturing, electronics and precision engineering. This growth...
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Singapore Rallies Amid Global Tensions
In this episode, host Thilan Wickramasinghe returns after the National Day long weekend to discuss rising US-Iran tensions, safe-haven flows into Singapore and the outlook for local markets. He reviews the Singapore banks’ 2Q results, highlighting the growing contribution from wealth management…
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Domestic Focus Amid Results Season
In this episode, our host Thilan Wickramasinghe opens with sentiment across markets stabilising somewhat, as oil prices fall and treasuries rise following news that fresh US-Iran talks would begin today. Here in Singapore, the STI trades in the red, weighed down by weaker banks ahead of results...
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CXMT IPO Ignites Asia Market Momentum
In this episode, our host, Seng Yeow, opens with one of the biggest market events in Asia this week – the blockbuster IPO of Chinese DRAM maker, CXMT. Following its explosive Shanghai debut, he speaks with Hong Kong Strategist, Ben Ho, on why the listing could set the tone for regional technology...
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From Chips to REITs: Finding Value in a Divergent Market
In this episode, our host, Seng Yeow, discusses the contradiction at the heart of last week's markets: strong TSMC earnings met with a sharp sell-off in semiconductor stocks, even as the S&P 500 broadened with record highs in financials and transports. He examines what this divergence signals…
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Uncertainty is the upside
In this episode, our host and Head of Research, Thilan Wickramasinghe, shares Maybank's latest outlook for the Singapore market, explaining why the team continues to see upside for the Straits Times Index despite recent earnings downgrades. He discusses how easing energy prices, improving market...
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Looking Beyond the AI Bubble
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how easing tensions between the US and Iran are helping stabilise global markets, even as concerns over AI valuations continue to weigh on Asian equities. He explores why Singapore's resilient macroeconomic outlook...
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From Fed Shifts to AI Bets: Navigating the Next Market Regime
In this episode, our host Seng Yeow, explores whether global markets are entering a new monetary regime as investors reassess the outlook for interest rates, political risk and the growing role of artificial intelligence in corporate strategy. We begin with US and Asian fixed income markets…
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From Hormuz to the World Cup: Finding Market Winners
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how optimism surrounding a US-Iran peace deal and the reopening of the Straits of Hormuz is easing inflation concerns and supporting risk assets globally. With oil prices falling and central bank pressures easing, he...
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Between China and the US, Who Really is Winning the AI Race
With China and the US taking two fundamentally different approaches towards developing their AI ecosystems, there is a growing camp that believes that China is in an equally strong position to win the AI race despite technology sanctions. Producer and host Ong Seng Yeow speaks with Maybank's Hong...
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Looking Closer to Home: ASEAN Opportunities in a Volatile World
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how weakness in US technology stocks, renewed Middle East tensions and rising oil prices are driving investors to reassess regional positioning. As global uncertainty increases, the focus shifts towards domestic…
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Singapore’s AI and Oil Momentum: Key Stock Opportunities
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how improving sentiment surrounding a potential US-Iran agreement to reopen the Straits of Hormuz is lifting regional equities and easing pressure on crude oil prices. Against this backdrop, Singapore’s April NODX...
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Holding Strong: Sea Ltd's Earnings, Safe Haven Flows and Singapore Airlines
In this episode, our host Ong Seng Yeow, discusses how renewed safe haven demand and shifting global capital flows are influencing Asian markets, even as Singapore corporates continue delivering resilient earnings and strategic growth ambitions. He examines what recent market movements suggest...
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Stronger Than Expected: OCBC, Singapore Tech and Market Catalysts
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how renewed uncertainty surrounding US-Iran peace negotiations is weighing on global sentiment, even as Singapore’s 1Q results season continues to point toward resilient corporate fundamentals and strong earnings...
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Markets Rebound: Commodities, DBS and New BUY Calls
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how improving sentiment following US efforts to reopen the Straits of Hormuz is easing oil concerns and supporting markets. Commodities remain in focus, alongside key opportunities emerging across banks, healthcare…
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A More Hopeful Start: Banks, REITs and Standout Stock Ideas
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how improving sentiment following reports of a potential reopening of the Straits of Hormuz is supporting markets as Singapore’s 1Q results season begins. He outlines what to expect for the banking sector, where...
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Policy Tightening and Oil Risks: REITs, Grab and Bank Outlook
In this episode, our host Ong Seng Yeow examines how MAS’s first policy tightening since 2022, persistent oil-driven inflation risks and a resilient Singapore dollar are reshaping the investment landscape. We begin with Head of FX Research, Saktiandi Supaat, on why MAS opted to steepen the…
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Niche Value in Uncertain Markets: Energy, Gold and Hidden Winners
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how escalating Middle East tensions and rising oil prices are reinforcing the need for energy security and shaping investment opportunities. We begin with our Analyst, Xuan Hao Toh, who introduces Singapore…
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The Oil Shock Playbook: Energy Transition, Banks and CPO Upside
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how the ongoing oil shock and rising geopolitical tensions are reshaping market dynamics, with no clear resolution in sight. The focus turns to identifying opportunities across sectors as energy prices remain…
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Rising Oil, Rising Risks: ASEAN Strategy and O&G Opportunities
In this episode, our host and Head of Research, Thilan Wickramasinghe, discusses how escalating tensions in the Middle East and rising oil prices are increasing stagflation risks and reshaping market expectations. He explores how ASEAN should be positioned as the probability of a prolonged…
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Markets Under Pressure: Oil, Conflict and Investment Strategy
In this episode, our host and Head of Research, Thilan Wickramasinghe, examines how the Iran conflict, now in its fourth week is keeping oil prices above $100 and driving uncertainty across global markets. Economist Brian joins the show to assess the macro impact on ASEAN economies, including...
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Defence, REITs and Resilient Stocks in Uncertain Times
In this episode, our host and Head of Research, Thilan Wickramasinghe, examines how the escalating Middle East conflict is driving higher oil prices, rising inflation risks and travel disruptions, while highlighting areas of resilience within the Singapore market. Our REITs & Industrials Analyst,...
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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.
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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...
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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...
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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...
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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...
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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...
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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…
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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…
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Shopee, Starlink & Stocks
In this week’s ASEAN Speaks, our host Thilan kicks off with the latest tailwinds driving Southeast Asia’s internet and telecom sectors. Hussaini, our TMT analyst, breaks down Sea Limited’s Shopee momentum and AI-driven gaming push, then explains why he’s bullish on Singapore Telecommunications…
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Telcos, Taxis and Banks
In this week’s ASEAN Speaks, our host Thilan looks at why Singapore continues to attract safe haven flows amidst regional uncertainty. Hussaini, our TMT analyst, shares why he thinks the telco sector still has more upside, with a new BUY on StarHub and higher target price on Singtel. Next, our...
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Storm Clouds or Tailwinds?
In this week's ASEAN Speaks, our host Thilan goes through the many tailwinds boosting Singapore's market. Brian comes in to talk about Singapore's recent jump in manaufacturing numbers and why the economics team is forecasting a potentially higher GDP growth for Singapore. Hussaini, our TMT…
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Tired of Tariffs
In this week's episode Jarick Seet is stepping in for Thilan as today's host. Jarick opens today's episode by talking about how markets are currently fatigued from Trump's tariffs reflecting in investors' actions over the past week. Krishna comes on to talk about ST Engineering and why he…
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Singapore remains unfazed
In this week's episode, Thilan highlights several stock picks amidst earnings seasons and a lot of tariff uncertainties as well as geopolitical issues. Jarick comes on to talk about his recent initiation Sanli Environmental which he believes will benefit largely from potential government…
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Post-National Day Sparks
In this week’s episode of ASEAN Speaks, our host Thilan kicks off with Jarick, who shares his take on Venture and how changes in the tech sector drives his upgrade to a BUY call. The conversation then moves to Singapore’s three big banks — DBS, UOB and OCBC — where Thilan looks at the differences...
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Heads Up, Markets Up
In this week’s episode of ASEAN Speaks, our host Thilan unpacks the STI’s rebound after a six-day losing streak, supported by signs that Singapore may avoid major fallout from Trump’s new tariffs. He discusses how this could revive interest in domestic sectors like construction, safe-haven flows,...
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Riding the Bull into Results Week
In this week’s episode of ASEAN Speaks, our host Seng Yeow welcomes Jarick to unpack MAS’s new $50bn EQDP programme and its potential to drive concentrated flows into non-index sectors. Jarick shares five BUY calls for the week: Food Empire Holdings, ISOTeam, ComfortDelGro, CSE Global, and...
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Singapore For The Win
In this week’s episode of ASEAN Speaks, our host Thilan breaks down the STI’s record-breaking 11-day rally—the longest in 20 years—and explores what could drive the next leg higher as MAS prepares to announce the first recipients of the EQDP fund. Hussaini initiates Sheng Siong on a BUY despite…
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Cloudy with a chance of gains
In this week's episode of ASEAN Speaks, our chief Economist, Hak Bin Chua talks about Trump tariffs, and what our region has in store in terms of economics for the second half of the year. Hussaini Saifee, our TMT analyst comes in to talk about recent developments regarding the recent restriction...
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Blue Skies SEA-nario
In this week's episode of ASEAN Speaks, our host Thilan paints the best-case scenario for ASEAN amidst all of Trump's uncertainties. Jarick our SMIDs analyst goes through his Opportunity+ Stock, ISOTeam and why he believes there is a lot of upside potential. Anand our regional head of research...
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US Still Uncertain Singapore Stands Out
In this week's episode of ASEAN Speaks, our host Thilan discusses upgraded STI targets and why he believes the index will break through the 4000 barrier and what he believes are some of the stocks that are well positioned to benefit. Brian Lee, our economist joins us to look at how core inflation...
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Volatility is the only Constant
In this week's episode of ASEAN Speaks, Singapore's Head of Research, Thilan Wickramasinghe gives us his take on his recent increase in target price for the SGX, given the current volatile market. Hussaini also comes on today to speak about his recent reports on Sea Limited, Grab Holdings and...
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ABOUT THIS SHOW
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.
HOSTED BY
Maybank
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Frequently Asked Questions
How many episodes does ASEAN Speaks have?
ASEAN Speaks currently has 353 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is ASEAN Speaks 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.
How often does ASEAN Speaks release new episodes?
ASEAN Speaks publishes regularly with 353 episodes available. Check the episode list for the typical release schedule.
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You can listen to ASEAN Speaks on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts ASEAN Speaks?
ASEAN Speaks is created and hosted by Maybank.
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