14 November 2023
Market View: US October CPI expectations; US consumption activity with Walmart, Target earnings this week; Genting Singapore’s stellar earnings, Sats narrows losses for the first half of FY 2024; Fraser Property records net loss of S$74m
Singapore stocks opened stronger today, as the earnings season approaches an end.
In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,114.97 points after 93.9 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Genting Singapore, after the company on Friday posted a net profit of S$216.3 million for the third quarter ended September. That’s up 59 per cent from S$135.8 million a year earlier.
Elsewhere from more on global EV sales, to expectations for the October's consumer price index due tonight, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Khoon Goh, Head of Asia Research at ANZ.

Download this podcast.

Listen to his previous podcasts:

10 October 2023
Market View: Country Garden unable to meet all offshore debt payments; KakaoBank joins Grab, Singtel, Emtek to invest in Superbank; Chinese EV startup WM Motor files for bankruptcy; Samsung Electronics’ 3Q profit expected to drop 80% on-year amid ongoing global chip glut
Singapore shares started the day on solid footing after global markets ended mixed overnight.
In early trade, the Straits Times Index (STI) was up 0.7 per cent to 3,187.32 points after 31.2 million securities changed hands in the broader market.
In terms of companies to watch, we have Singtel. That’s as South Korea’s KakaoBank is joining Grab, Singtel and Emtek Group to invest in Indonesia’s Superbank, by acquiring a 10 per cent stake in newly issued shares of the upcoming digital bank.
Elsewhere, from Chinese EV startup WM Motor filing for bankruptcy to Samsung Q3 profit set to slump 80%, the mobility and semiconductor industries continue to be in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Khoon Goh, Head of Asia Research at ANZ.

Download this podcast.

30 August 2023
Money in the Market: What more can the PBOC do to rein in the falling yuan?
China’s currency, the yuan, is heading towards its lowest level against the dollar since the 2008 financial crisis.
Analysts expect its strength to be further tested in the coming weeks as the country’s rebound from the pandemic hasn’t gone according to plan.
The currency has dropped more than 5 percent against the dollar this year, touching 7.29 to the greenback and just shy of the high of 7.32 hit last year, which marked the currency’s weakest level in more than 15 years.
The slide has pushed the central bank, the People’s Bank of China, to step up its defence of the currency in recent weeks.
So what’s next for the yuan?
Emaad Akhtar speaks to Khoon Goh, Head of Research, ANZ to find out more.

Download this podcast.

18 July 2023
Market View: SIA’s June operating results; Geely to invest US$10b in Malaysia; Lendlease to cut 740 jobs globally; World Bank president Ajay Banga’s plans to make its “balance sheet work harder”; US chip makers and officials discuss China policy
Singapore stocks struggled to advance today following a mixed performance in global equity markets.
In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,251.48 points after 68.9 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Airlines, after the national carrier announced its June operating results last evening. The group carried 2.9 million passengers on a group level in June, up 50.4 per cent from a year ago.
Elsewhere, from US chip companies and Biden administration officials discussing its China chip policy to Australian developer Lendlease to cut 740 jobs globally, more international and corporate news are in focus.
On Market View, the Drive Time team dived into the details with Khoon Goh, Head of Asia Research at ANZ.

Download this podcast.

20 June 2023
Market View: Grab reportedly planning biggest round of layoffs since pandemic; PBOC’s lower-than-expected rate cut; Chinese Yuan and Japanese Yen weakness; Fed Chair Jerome Powell’s testimony
Singapore shares opened lower today, after European markets ended lower as investors waited for further cues on the US Federal Reserve’s monetary policy outlook.
In early trade, the Straits Times Index (STI) was down 0.2 per cent to 3,233.65 points after 27.2 million securities changed hands in the broader market.
In terms of companies to watch, we have OCBC increasing its stake in its insurance subsidiary Great Eastern from 87.9 per cent to 88.4 per cent.
Meanwhile, investors continue to keep their eyes on a number of developments ranging from Singapore’s Grab planning the biggest round of job cuts since the pandemic, to China’s smaller-than-forecast interest rate cut and Fed Chair Jerome Powell’s testimony about the state of the US economy.
On Market View, the Drive Time team dived into the details with Khoon Goh, Head of Asia Research at ANZ.

Download this podcast.

7 June 2023
Market View: Singapore banks ‘flushed’ with deposits?; China’s exports tumbled 7.5% in May; Weaker imports into China and impact on high-tech industries; Impact of Chinese trade data on AUD; Chances of PBOC cutting rates; US Fed’s next interest rate move
Singapore shares started today on a muted, albeit positive, note following overnight gains on Wall Street and in Europe.
The Straits Times Index (STI) was up 0.04 per cent to 3,191.34 points in early trade after 33 million securities changed hands in the broader market.
Elsewhere, investors continue to keep their eyes on a number of key developments including China’s latest export numbers and the impact on its high-tech industries.
On Market View, the Drive Time team dived into the details with Khoon Goh, Head of Asia Research at ANZ.

Download this podcast.

1 December 2022
Market View: US Fed Chair Jerome Powell’s speech, China’s reopening theme and India’s Q3 GDP
We cast the spotlight on the world’s top economies, namely the US, China, and India today. In the US, investors sift through Federal Reserve boss Jerome Powell’s speech at a Brookings Institution event last night for hints on the magnitude of future rate hikes.
Back in Asia, Chinese health officials had announced measures earlier this week to improve vaccination rates among the elderly - but to what extent does this speak about China’s plans to open up to the world once again?
Meanwhile, India released its GDP figures for the third quarter yesterday, but to what extent is demand resilient in face of elevated price gains and borrowing costs?
On Market View, Prime Time’s finance presenter Chua Tian Tian broke down the key topics of the week with Khoon Goh, Head of Asia Research at ANZ.

Download this podcast.

14 October 2022
Money in the Market: Is the risk for a technical recession completely gone for Singapore?
The Monetary Authority of Singapore tightened its monetary policy for the fifth time in a year, boosting its support for the Singapore dollar to fight inflation, but the move was not as aggressive as widely expected. On top of this - Singapore’s economy beat expectations and grew 4.4 per cent year-on-year in the third quarter. On Money in Market, finance producer Hongbin Jeong speaks to Khoon Goh, Head of Asia Research at ANZ to find out more.

Download the podcast.

1 April 2022
Forex Fridays: How Volatile Might 2Q Be?
We're seeing volatility staying elevated and unpredictable heading into the second quarter of the year, and also impacting the second quarter. Khoon Goh, Head of Asia Research at ANZ, helped us kick off the new quarter on Forex Fridays, to talk about what's in store for currencies like the USD, the AUD, the RMB, and the unpredictable JPY.

Download the podcast.

9 December 2021
Bigger Picture: Singapore's 2022 growth forecast raised to 4%, from 3.9%
Khoon Goh, Head of Research, ANZ Bank discusses what's driving the brighter outlook for the Singapore economy in the latest MAS survey for professional forecasters.

Download the podcast.

1 October 2021
Forex Fridays: Setting Up the 4th Quarter for Forex Markets
Heading into the 4th quarter, investors are becoming concerned about a Chinese economic slowdown, with power shortages the latest worry. But will this matter for a Chinese Yuan that's been fairly steady throughout all the uncertainty? Khoon Goh, Head of Asia Research at ANZ, joined us on Forex Fridays to talk about how this may play out for currencies heading into the last 3 months of the year, along with his outlooks for the Australian Dollar and the Singapore Dollar, ahead of key policy decisions for both.

Download the podcast.

23 July 2021
Forex Fridays: Safe Havens and Economic Pressures on the AUD and SGD
Signs of risk-off sentiment bolstered safe haven currencies like the greenback and the Japanese Yen, while COVID-19 concerns weighed on sturdier currencies like the Australian Dollar and the Singapore Dollar in recent times. Khoon Goh, Head of Asia Research at ANZ, spoke to us on Forex Fridays about the week that was for these currencies, and which ASEAN FX may be most vulnerable to the global COVID resurgence.

Download the podcast.

16 April 2021
Forex Fridays: What China's 1Q GDP Means for the Yuan, the AUD and the SGD
While China's 1Q GDP growth of 18.3% actually missed estimates, it was still the biggest economic expansion on record for the Mainland. How might this impact the Chinese Yuan, and other closely linked currencies like the Australian Dollar and the Singapore Dollar. Also, with both Australia and Singapore's economies staging solid rebounds, which currency gets the upper hand when placed head to head? Khoon Goh, Head of Asia Research at ANZ, joined us on Forex Fridays to discuss.

Download the podcast.

22 January 2021
Forex Fridays: Assessing the Year's Early High Flyers in the FX Space
The Biden Administration has officially taken over, and hopes for more stimulus has seen the US Dollar soften once again. But what of the recent strength for currencies like the South Korean Won, the Taiwan Dollar and the Aussie at the start of 2021? Khoon Goh, the Head of Asia Research at ANZ, joined us on Forex Fridays to assess the FX landscape, share his outlook on these currencies, along with the growing ambitions of both the Euro and the Chinese Yuan to challenge the Dollar's status as the global currency of choice.

Download the podcast.

9 October 2020
Forex Fridays: Are FX Markets Pricing in a Biden Victory?
There may be signs that forex markets are slowly pricing in a potential Biden victory at the US presidential elections next month. Is it risky to be against President Trump though, who upset the polls back in 2016? Khoon Goh, Head of Asia Research at ANZ, spoke to us on Forex Fridays on how the US Elections are shaping FX markets, and which currencies might benefit should the US elect a new leader.

Download the podcast.

17 July 2020
Forex Fridays: What Singapore and China's 2Q GDP Numbers are Telling the FX Space
While Singapore's 2Q GDP figures revealed a deep slump that pushed the local economy into a recession, The Chinese economy grew by more than expected from April to June. What are these telling the FX space? Khoon Goh, Head of Asia Research at ANZ, joined us on Forex Fridays to parse through the economic data, and also shared his outlook on the USD, the AUD and what regional currencies are most at risk from the coronavirus.
Download the podcast.

17 April 2020
Forex Fridays: What China's GDP Numbers Mean for the FX Space
ANZ's Head of Research Khoon Goh joined us on Forex Fridays to give us his impressions of China's 1Q GDP numbers. Was that big 6.8% contraction as bad as he thought it was going to be, or was he expecting worse? He also touches on what currencies may be worth watching in the 2Q given the numbers, his updated outlook on the SGD and if Gold still has some upside.

Download the podcast

21 Nov 2019
Singapore Avoids a Technical Recession: But Are We in the Clear?
Final 3Q GDP numbers showed that SIngapore did avoid that much dreaded recession, but rising trade uncertainties and continued economic headwinds continue to cloud economic prospects heading into 2020. ANZ's Head of Research Khoon Goh joins us on Prime Time to discuss these numbers, and how they're affecting his projections next year for the economy and the Singapore Dollar.

Download the podcast.