Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Thematic (Sector/Industry)

There is one clear upside and two potential downsides from the current trajectory of policy and economic activity in the US.First, the economy appears to be in a positive spiral, likely to boost Asian exports by more than expected:The upside surprise in US manufacturing is just the beginning of more upside surprises in the US, a virtuous upward spiral is emerging:<ul><li>
Fed’s Beige Book revealed tightening labour markets and rising wages: Anecdotal information from Jan 17 to mid-Feb 17 pointed towards…</li></ul>

There is one clear upside and two potential downsides from the current trajectory of policy and economic activity in the US.First, the economy appears to be in a positive spiral, likely to boost Asian exports by more than expected:The upside surprise in US manufacturing is just the beginning of more upside surprises in the US, a virtuous upward spiral is emerging:
Fed’s Beige Book revealed tightening labour markets and rising wages: Anecdotal information from Jan 17 to mid-Feb 17 pointed towards…

How Much Risk Does the US Pose to Asian Economies?

Macroeconomics

South China Sea: US and China remain the key despite ASEAN efforts<ul><li>
US blows hot and cold with China: Despite US Secretary of State Tillerson’s amicable conversation with China’s State Councillor Yang Jiechi when they re-affirmed the importance of a constructive US-China relationship, a US carrier group led by the aircraft carrier USS Carl Vinson began ‘routine operations’ in the South China Sea. This appears to be a sign that the Trump Administration might want to push back harder on China’s…</li></ul>

South China Sea: US and China remain the key despite ASEAN efforts
US blows hot and cold with China: Despite US Secretary of State Tillerson’s amicable conversation with China’s State Councillor Yang Jiechi when they re-affirmed the importance of a constructive US-China relationship, a US carrier group led by the aircraft carrier USS Carl Vinson began ‘routine operations’ in the South China Sea. This appears to be a sign that the Trump Administration might want to push back harder on China’s…

US and China Push Their Respective Envelopes

Economic integration in Asia-Pacific has been on the back foot ever since US President Donald Trump repudiated the painstakingly negotiated Trans-Pacific Partnership (TPP). While there remains hope among some countries that the TPP might still take effect in modified form, this would prove to be a tall order without the participation of the US, the world’s largest economy.The Trans Pacific Partnership (TPP) – misplaced hopes for a TPP-liteThere has been considerable talk about changing President…

Economic integration in Asia-Pacific has been on the back foot ever since US President Donald Trump repudiated the painstakingly negotiated Trans-Pacific Partnership (TPP). While there remains hope among some countries that the TPP might still take effect in modified form, this would prove to be a tall order without the participation of the US, the world’s largest economy.The Trans Pacific Partnership (TPP) – misplaced hopes for a TPP-liteThere has been considerable talk about changing President…

Asian Economic Integration Faces Headwinds

ASEAN (Indo) & China-focused. Ex-Deputy HoR UBS.

Johannes Salim, CFA

<ul>
<li>The correlation between Emerging Markets Asia and US market has reversed to a positive coefficient YTD (a typical global bull market's sign).</li>
<li>Our chart of the day reveals that Indonesia (Indo) and Philippines are the least vulnerable to trade war risk.</li>
<li>We are bearish on China's macro fundamentals and concerned of looming intense trade negotiations with the US.</li>
</ul>As we have been watching CNBC's US market coverage (its TV show is called "Opening Bell") past two weeks, we can't help but think that there…


The correlation between Emerging Markets Asia and US market has reversed to a positive coefficient YTD (a typical global bull market's sign).
Our chart of the day reveals that Indonesia (Indo) and Philippines are the least vulnerable to trade war risk.
We are bearish on China's macro fundamentals and concerned of looming intense trade negotiations with the US.
As we have been watching CNBC's US market coverage (its TV show is called "Opening Bell") past two weeks, we can't help but think that there…

Asia Market Strategy: Will The Bulls Win in 2017 on The Back of Trumponomics?

<ul>
<li>
Trump stepped back from direct confrontation with China: In his phone call with Chinese President Xi, Trump acceded to China’s request to honour the longstanding “One China” policy, which he had appeared to question in his tweets. But the potential downside risks in the bilateral relationship were made clear by reports of an “unsafe” interaction between a Chinese surveillance plane and a US Navy P-3C Orion surveillance aircraft on the same day.</li>
<li>
North Korean missile test not a huge deal: The test…</li>
</ul>



Trump stepped back from direct confrontation with China: In his phone call with Chinese President Xi, Trump acceded to China’s request to honour the longstanding “One China” policy, which he had appeared to question in his tweets. But the potential downside risks in the bilateral relationship were made clear by reports of an “unsafe” interaction between a Chinese surveillance plane and a US Navy P-3C Orion surveillance aircraft on the same day.

North Korean missile test not a huge deal: The test…


Geopolitics: Trump Refines Approach to China

Thailand

North Bangkok Power Plant Block 1 Infrastructure Fund (EGATIF) is a closed-end infrastructure fund that invests in the future availability revenue from the North Bangkok Power Plant Block 1. This power plant has a contracted capacity of 670 MW and uses natural gas as its primary fuel. The fund was established and listed on the Stock Exchange of Thailand in 2015, with its headquarters in Bangkok, Thailand.

North Bangkok Power Plant Block 1 Infrastructure Fund (EGATIF TB)

North Bangkok Power Plant Block 1 Infrastructure Fund

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North Bangkok Power Plant Block 1 Infrastructure Fund (EGATIF TB)

How Much Risk Does the US Pose to Asian Economies?

There is one clear upside and two potential downsides from the current trajectory of policy and economic activity in the US.First, the economy...

Manu Bhaskaran

US and China Push Their Respective Envelopes

South China Sea: US and China remain the key despite ASEAN efforts US blows hot and cold with China: Despite US Secretary of State Tillerson’s...

Manu Bhaskaran

Asian Economic Integration Faces Headwinds

Economic integration in Asia-Pacific has been on the back foot ever since US President Donald Trump repudiated the painstakingly negotiated...

Manu Bhaskaran

Asia Market Strategy: Will The Bulls Win in 2017 on The Back of Trumponomics?

The correlation between Emerging Markets Asia and US market has reversed to a positive coefficient YTD (a typical global bull market's sign). Our...

Johannes Salim, CFA

Geopolitics: Trump Refines Approach to China

Trump stepped back from direct confrontation with China: In his phone call with Chinese President Xi, Trump acceded to China’s request to honour...

Manu Bhaskaran

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)