Maybank IBG Hong Kong - Dim Sum Daily (15 May 2023)
1️⃣ Last Friday, Hong Kong stocks fell on profit taking among China state-linked stocks. The Hang Seng Index was down 116pts to 19,627pts with a daily turnover of HKD102.7b.
2️⃣ China financial players corrected 2% on average. While, Chinese technology stocks advanced after JD-SW (9618 HK) reported better-than-expected results.
3️⃣ This week, focus will be on tech companies results announcement, which include Tencent (700 HK), Baidu-SW (9888 HK), Alibaba-SW (9988 HK).
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
1️⃣ Last Friday, Hong Kong stocks fell on profit taking among China state-linked stocks. The Hang Seng Index was down 116pts to 19,627pts with a daily turnover of HKD102.7b.
2️⃣ China financial players corrected 2% on average. While, Chinese technology stocks advanced after JD-SW (9618 HK) reported better-than-expected results.
3️⃣ This week, focus will be on tech companies results announcement, which include Tencent (700 HK), Baidu-SW (9888 HK), Alibaba-SW (9988 HK).
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
Maybank IBG "Regional Trader's Almanac" 15 May 2023
ASEAN equities: Short-term Setback, Support in Place
This week, we highlight notable technical trading ideas across the ASEAN region.
🇲🇾 MALAYSIA
Buy MY E.G. Services & Econpile Holdings
🇮🇩 INDONESIA
Buy Bank Syariah Indonesia & Jasa Marga
🇵🇭 PHILIPPINES
Buy DMCI Holdings & PLDT Inc.
🇸🇬 SINGAPORE
Buy Civmec & ST Engineering
🇹🇭 THAILAND
Buy Srisawad Corporation & Airports of Thailand
🇻🇳 VIETNAM
Buy Hoa Phat Group & Phu Tai
For the full report, more stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
ASEAN equities: Short-term Setback, Support in Place
This week, we highlight notable technical trading ideas across the ASEAN region.
🇲🇾 MALAYSIA
Buy MY E.G. Services & Econpile Holdings
🇮🇩 INDONESIA
Buy Bank Syariah Indonesia & Jasa Marga
🇵🇭 PHILIPPINES
Buy DMCI Holdings & PLDT Inc.
🇸🇬 SINGAPORE
Buy Civmec & ST Engineering
🇹🇭 THAILAND
Buy Srisawad Corporation & Airports of Thailand
🇻🇳 VIETNAM
Buy Hoa Phat Group & Phu Tai
For the full report, more stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
Maybank IBG Global Traders’ Almanac (15 May 2023)
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
🇭🇰 HONG KONG
1️⃣ Tianqi Lithium Corporation (9696 HK)
2️⃣ Baidu Inc. (9888 HK)
🇺🇸 UNITED STATES
1️⃣ TJX Companies, Inc. (The) (TJX US)
2️⃣ Lam Research Corporation (LRCX US)
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
🇭🇰 HONG KONG
1️⃣ Tianqi Lithium Corporation (9696 HK)
2️⃣ Baidu Inc. (9888 HK)
🇺🇸 UNITED STATES
1️⃣ TJX Companies, Inc. (The) (TJX US)
2️⃣ Lam Research Corporation (LRCX US)
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Kopi-O (15 May 2023)
The subdued performance on Wall Street last Friday as well as the wait for key economic data in the US and China (industrial production and retail sales) could weigh on the performance of the KLCI. Meanwhile, inflationary pressure will also cause market volatility to increase. Technically, we expect the benchmark index to range between 1,412pts and 1,440pts today, with supports at 1,380pts and 1,350pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
The subdued performance on Wall Street last Friday as well as the wait for key economic data in the US and China (industrial production and retail sales) could weigh on the performance of the KLCI. Meanwhile, inflationary pressure will also cause market volatility to increase. Technically, we expect the benchmark index to range between 1,412pts and 1,440pts today, with supports at 1,380pts and 1,350pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
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Maybank IBG "Regional Trader's Almanac" 15 May 2023
ASEAN equities: Short-term Setback, Support in Place
For the full report, more stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
ASEAN equities: Short-term Setback, Support in Place
For the full report, more stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
🎧 ASEAN Speaks: Weekly Briefing
🇹🇭 Thailand - A historic election; expect Move Forward Party, Pheu Thai and smaller parties to form the next government, based on vote count so far.
🌎 ASEAN x Macro - US-China tension leading to “geo-economic fragmentation”, ASEAN not immune to the fallout. This week, watch for President Joe Biden signing an executive order to broaden limits on investment in semicon, quantum computing etc in China.
🇨🇳 China - Exports in USD terms grew +8.5% from a year ago in April, but eased from +14.8% increase in March. Double digit export growth maintained with SG, MY and TH. Overall, expect exports to slow further given the downbeat external outlook.
🇲🇾 Malaysia - 1Q 2023 real GDP growth moderated to +5.6% year-on-year (Maybank IBG estimate: +5.7%).
🇵🇭 Philippines - 1Q 2023 real GDP growth eased to +6.4% year-on-year (Maybank IBG estimate: +6.3%)
🇸🇬 Singapore - Following 1Q 2023 earnings release, DBS Bank remains our top pick.
Featuring Winson Phoon, Lee Ju Ye, Chak Reungsinpinya, Suhaimi Ilias, Zamros Dzulkafli, Brian Lee, Chua Hak Bin, Thilan Wickramasinghe
ASEAN Speaks podcast is available on Spotify, Apple Podcasts and Google Podcasts.
#MaybankIBGresearch
🇹🇭 Thailand - A historic election; expect Move Forward Party, Pheu Thai and smaller parties to form the next government, based on vote count so far.
🌎 ASEAN x Macro - US-China tension leading to “geo-economic fragmentation”, ASEAN not immune to the fallout. This week, watch for President Joe Biden signing an executive order to broaden limits on investment in semicon, quantum computing etc in China.
🇨🇳 China - Exports in USD terms grew +8.5% from a year ago in April, but eased from +14.8% increase in March. Double digit export growth maintained with SG, MY and TH. Overall, expect exports to slow further given the downbeat external outlook.
🇲🇾 Malaysia - 1Q 2023 real GDP growth moderated to +5.6% year-on-year (Maybank IBG estimate: +5.7%).
🇵🇭 Philippines - 1Q 2023 real GDP growth eased to +6.4% year-on-year (Maybank IBG estimate: +6.3%)
🇸🇬 Singapore - Following 1Q 2023 earnings release, DBS Bank remains our top pick.
Featuring Winson Phoon, Lee Ju Ye, Chak Reungsinpinya, Suhaimi Ilias, Zamros Dzulkafli, Brian Lee, Chua Hak Bin, Thilan Wickramasinghe
ASEAN Speaks podcast is available on Spotify, Apple Podcasts and Google Podcasts.
#MaybankIBGresearch
Bursa Malaysia Midday Recap: External Concerns Continue to Pressure
Global growth slowdown concerns continue to put the FBM KLCI in rangebound mode. On a broad market overview, trade volume is soft with a negative bias in terms of traders’ sentiment. Today, banks were in the spotlight, with majority of the banking stocks posting gains.
Midday, our local broad index fell to 1420.34 (-2.58 pts, -0.18%) with 227 gainers, 489 laggards and 380 unchanged stock tickers. Today’s market trade volume and value stood at 1.465bil units and MYR 619mil respectively. Compared to yesterday, trade volume and value fell by -8.3% and -25.5% respectively.
In terms of technical picks, our analysts highlighted MYEG (0138) as the stocks’ short-term uptrend remains intact and has managed to form a series of higher lows. For the full breakdown of the stock as well as support and resistance levels, checkout our Traders’ Almanac video from earlier today.
#Middayrecap
Global growth slowdown concerns continue to put the FBM KLCI in rangebound mode. On a broad market overview, trade volume is soft with a negative bias in terms of traders’ sentiment. Today, banks were in the spotlight, with majority of the banking stocks posting gains.
Midday, our local broad index fell to 1420.34 (-2.58 pts, -0.18%) with 227 gainers, 489 laggards and 380 unchanged stock tickers. Today’s market trade volume and value stood at 1.465bil units and MYR 619mil respectively. Compared to yesterday, trade volume and value fell by -8.3% and -25.5% respectively.
In terms of technical picks, our analysts highlighted MYEG (0138) as the stocks’ short-term uptrend remains intact and has managed to form a series of higher lows. For the full breakdown of the stock as well as support and resistance levels, checkout our Traders’ Almanac video from earlier today.
#Middayrecap
The report, which cited the head of Tencent's cloud and smart industries group, said that tech innovations in the financial sector are being driven by enhancements in the basic software field, such as Big Data, databases, and operating systems.
The report also said that Tencent Cloud has partnered with China's central bank and state-owned commercial banks, as well as Tencent's own customers, such as banks, brokerages, and insurance agencies.
Moreover, Tencent’s Put-to-Call ratio based on daily volume is near this year's low, suggesting that investor sentiment is improving. TENCENT-C26 gained 13.9% on the back of the strong performance of Tencent!
#WarrantsWatch
The report also said that Tencent Cloud has partnered with China's central bank and state-owned commercial banks, as well as Tencent's own customers, such as banks, brokerages, and insurance agencies.
Moreover, Tencent’s Put-to-Call ratio based on daily volume is near this year's low, suggesting that investor sentiment is improving. TENCENT-C26 gained 13.9% on the back of the strong performance of Tencent!
#WarrantsWatch
Maybank IBG Traders’ Almanac
(16 May 2023) - Energy Stocks Rebound Is In The Card
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ AIRASIA X - 5238 (S)
2️⃣ MALAYSIA SMELTING CORPORATION – 5916
3️⃣ VELESTO ENERGY - 5243 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(16 May 2023) - Energy Stocks Rebound Is In The Card
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ AIRASIA X - 5238 (S)
2️⃣ MALAYSIA SMELTING CORPORATION – 5916
3️⃣ VELESTO ENERGY - 5243 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Kopi-O (16 May 2023)
The KLCI could stage a rebound after Wall Street finished higher overnight. That said, sentiment will stay cautious ahead of key economic data in the US and China (industrial production and retail sales). Meanwhile, firmer commodity prices may lend support to the O&G and plantation stocks. Technically, we expect the benchmark index to range between 1,410pts and 1,440pts today, with supports at 1,380pts and 1,350pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
The KLCI could stage a rebound after Wall Street finished higher overnight. That said, sentiment will stay cautious ahead of key economic data in the US and China (industrial production and retail sales). Meanwhile, firmer commodity prices may lend support to the O&G and plantation stocks. Technically, we expect the benchmark index to range between 1,410pts and 1,440pts today, with supports at 1,380pts and 1,350pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
Maybank IBG Hong Kong - Dim Sum Daily (16 May 2023)
1️⃣ Hong Kong stocks advanced yesterday on the back of the rally of tech names. The Hang Seng Index gained 343pts to 19,971pts with a daily turnover of HKD101.6b.
2️⃣ Tianqi Lithium (9696 HK) advanced after the company and Ganfeng Lithium (1772 HK) have unveiled new projects to expand their downstream lithium battery
business.
3️⃣ Alibaba-SW (9988 HK) (18 May), Baidu-SW (9888 HK) (16 May), Tencent (700 HK) (17 May) are expected to release their 1Q23 results.
4️⃣ Today, a series of China economic data will be released, this includes industrial production, retail sales, fixed asset investment and unemployment rate.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
1️⃣ Hong Kong stocks advanced yesterday on the back of the rally of tech names. The Hang Seng Index gained 343pts to 19,971pts with a daily turnover of HKD101.6b.
2️⃣ Tianqi Lithium (9696 HK) advanced after the company and Ganfeng Lithium (1772 HK) have unveiled new projects to expand their downstream lithium battery
business.
3️⃣ Alibaba-SW (9988 HK) (18 May), Baidu-SW (9888 HK) (16 May), Tencent (700 HK) (17 May) are expected to release their 1Q23 results.
4️⃣ Today, a series of China economic data will be released, this includes industrial production, retail sales, fixed asset investment and unemployment rate.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
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Maybank IBG Traders’ Almanac (Video)
(16 May 2023) - Energy Stocks Rebound Is In The Card
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(16 May 2023) - Energy Stocks Rebound Is In The Card
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Bursa Malaysia Midday Recap: Positive on Debt Ceiling?
FBM KLCI stocks staged a rebound today amid the ongoing discussions on the US debt ceiling negotiations. Gainers today were mostly mixed with TENAGA and KLK as the index’s top movers. The broad market overall was positive with gainers outpacing laggards.
Midday, our local broad index gained to 1424.79 (+7.42 pts, +0.52%) with 374 gainers, 303 laggards and 394 unchanged stock tickers. Today’s market trade volume and value stood at 1.424bil units and MYR 703mil respectively. Compared to yesterday, trade volume was lower (-2.7%) while trade value increased by +13.5%.
Technology is back on investor’s radar today, clocking in as one of the most heavily traded sectors at midday. For investors who are interested to jump into the sector, consider MYEG (0138). The stock was highlighted in our Traders’ Almanac yesterday with first support and resistance levels estimated at MYR 0.770 and MYR 0.855.
#Middayrecap
FBM KLCI stocks staged a rebound today amid the ongoing discussions on the US debt ceiling negotiations. Gainers today were mostly mixed with TENAGA and KLK as the index’s top movers. The broad market overall was positive with gainers outpacing laggards.
Midday, our local broad index gained to 1424.79 (+7.42 pts, +0.52%) with 374 gainers, 303 laggards and 394 unchanged stock tickers. Today’s market trade volume and value stood at 1.424bil units and MYR 703mil respectively. Compared to yesterday, trade volume was lower (-2.7%) while trade value increased by +13.5%.
Technology is back on investor’s radar today, clocking in as one of the most heavily traded sectors at midday. For investors who are interested to jump into the sector, consider MYEG (0138). The stock was highlighted in our Traders’ Almanac yesterday with first support and resistance levels estimated at MYR 0.770 and MYR 0.855.
#Middayrecap
KAB Partners with PT CNEC and TGL to Develop Sustainable Energy Projects
Malaysian engineering company, Kejuruteraan Asastera Bhd (KAB), has partnered with PT CNEC Engineering Indonesia and Transcend Global Ltd to develop sustainable energy projects in Asia.
The partnership will see KAB, PT CNEC and TGL work together to identify, develop and finance sustainable energy projects.
The proposed projects include a 100MW solar system in Thailand, a wind farm in the Philippines, and captive power plants in Malaysia and Indonesia. KAB said the partnership is in line with its strategy to expand its sustainable energy solutions business.
KAB closed 5% higher yesterday; KAB-CA has the highest effective gearing of 5.0x in the market right now, catered to investors with a higher risk appetite.
#DailyHighlights
Malaysian engineering company, Kejuruteraan Asastera Bhd (KAB), has partnered with PT CNEC Engineering Indonesia and Transcend Global Ltd to develop sustainable energy projects in Asia.
The partnership will see KAB, PT CNEC and TGL work together to identify, develop and finance sustainable energy projects.
The proposed projects include a 100MW solar system in Thailand, a wind farm in the Philippines, and captive power plants in Malaysia and Indonesia. KAB said the partnership is in line with its strategy to expand its sustainable energy solutions business.
KAB closed 5% higher yesterday; KAB-CA has the highest effective gearing of 5.0x in the market right now, catered to investors with a higher risk appetite.
#DailyHighlights
Maybank IBG Traders’ Almanac
(17 May 2023) - Bargain Hunting in Selective Technology Stocks
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ CTOS DIGITAL - 5301 (S)
2️⃣ V.S INDUSTRY – 6963 (S)
3️⃣ WAH SEONG - 5142 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(17 May 2023) - Bargain Hunting in Selective Technology Stocks
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ CTOS DIGITAL - 5301 (S)
2️⃣ V.S INDUSTRY – 6963 (S)
3️⃣ WAH SEONG - 5142 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Kopi-O (17 May 2023)
The subdued performance on overnight Wall Street will weigh on the KLCI. Market will be fueled with bearish sentiment amid fears of recession and credit crunch in the US. Locally, O&G stocks may come under pressure after commodity prices weakened. Technically, we expect the benchmark index to range between 1,410pts and 1,440pts today, with supports at 1,380pts and 1,350pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
The subdued performance on overnight Wall Street will weigh on the KLCI. Market will be fueled with bearish sentiment amid fears of recession and credit crunch in the US. Locally, O&G stocks may come under pressure after commodity prices weakened. Technically, we expect the benchmark index to range between 1,410pts and 1,440pts today, with supports at 1,380pts and 1,350pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
Trade With Maybank
Join us in this webinar "Can’t Beat Time Decay? Select The Right Warrants" as we invite the Analyst, Equity & Commodity Derivatives of Maybank Investment Bank, Tucker Cheah, to break it down on how to select the right structured warrants to meet your trading…
REMINDER
This is a friendly reminder that the webinar "Can’t Beat Time Decay? Select The Right Warrants" is happening today at 8.30pm.
In this 1.5-hour webinar, you will gain insights on advanced terms of structured warrants, learn about the love-hate relationship with time decay, understand how to select warrants the right way, and discover how to use Live Matrix to your advantage.
The webinar is organized by Bursa Malaysia and managed by LifeChamp.
This is a friendly reminder that the webinar "Can’t Beat Time Decay? Select The Right Warrants" is happening today at 8.30pm.
In this 1.5-hour webinar, you will gain insights on advanced terms of structured warrants, learn about the love-hate relationship with time decay, understand how to select warrants the right way, and discover how to use Live Matrix to your advantage.
The webinar is organized by Bursa Malaysia and managed by LifeChamp.
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Maybank IBG Traders’ Almanac
(17 May 2023) - Bargain Hunting in Selective Technology Stocks
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(17 May 2023) - Bargain Hunting in Selective Technology Stocks
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Hong Kong - Dim Sum Daily (17 May 2023)
1️⃣ The Hang Seng index traded mostly unchanged yesterday as investors waited for the tech giants results. The index was up slightly 7pts to 19,978pts with a thin daily turnover of HKD78.3b.
2️⃣ Tech names gained after Michael Burry increased stakes in Alibaba-SW (9988 HK) and JD-SW (9618 HK).
3️⃣ Expect Tencent (700 HK) 1Q23 results to be released today. Market expects Tencent's 1Q23 revenue and non-GAAP net income to respectively increase by 8% YoY and 30% YoY.
4️⃣ Some China NEV players results are expected to be released today as well. The National Development and Reform Commission (NDRC) issued implementation opinions an accelerating the construction of charging infrastructure, supporting NEV in the countryside and rural revitalization.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
1️⃣ The Hang Seng index traded mostly unchanged yesterday as investors waited for the tech giants results. The index was up slightly 7pts to 19,978pts with a thin daily turnover of HKD78.3b.
2️⃣ Tech names gained after Michael Burry increased stakes in Alibaba-SW (9988 HK) and JD-SW (9618 HK).
3️⃣ Expect Tencent (700 HK) 1Q23 results to be released today. Market expects Tencent's 1Q23 revenue and non-GAAP net income to respectively increase by 8% YoY and 30% YoY.
4️⃣ Some China NEV players results are expected to be released today as well. The National Development and Reform Commission (NDRC) issued implementation opinions an accelerating the construction of charging infrastructure, supporting NEV in the countryside and rural revitalization.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
Debt Ceiling Drama and Slowing Economy Shake Market
Yesterday, US markets declined with the S&P 500 losing 0.64%, the Nasdaq Composite falling 0.18%, and the Dow Jones Industrial Average dropping 1%.
The slowing US economy, ongoing drama of the debt ceiling, and recent rate hikes by the Federal Reserve to fight high inflation have prompted concerns about when the central bank will pause hiking or cut interest rates.
Lawmakers held a new round of talks about raising the debt ceiling, and Treasury Secretary Janet Yellen warned that the U.S. could run out of money by 1 Jun’23 without a deal, leading to severe economic and financial consequences.
Maybank IB has Put Warrants over the top 5 banks by asset size in the US with CITIGRP-H1 (+9.1%), BAC-H1 (+6.3%) & WFC-H1. Investors with bearish bias may consider these Put Warrants to capitalize on the downside performance!
#DailyHighlights
Yesterday, US markets declined with the S&P 500 losing 0.64%, the Nasdaq Composite falling 0.18%, and the Dow Jones Industrial Average dropping 1%.
The slowing US economy, ongoing drama of the debt ceiling, and recent rate hikes by the Federal Reserve to fight high inflation have prompted concerns about when the central bank will pause hiking or cut interest rates.
Lawmakers held a new round of talks about raising the debt ceiling, and Treasury Secretary Janet Yellen warned that the U.S. could run out of money by 1 Jun’23 without a deal, leading to severe economic and financial consequences.
Maybank IB has Put Warrants over the top 5 banks by asset size in the US with CITIGRP-H1 (+9.1%), BAC-H1 (+6.3%) & WFC-H1. Investors with bearish bias may consider these Put Warrants to capitalize on the downside performance!
#DailyHighlights