Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<p>We are underweight Singaporean equities. We would expect the MAS to maintain its current exchange rate policy stance through 2019 and would not be surprised to see a further loosening of property market austerity measures.</p>

We are underweight Singaporean equities. We would expect the MAS to maintain its current exchange rate policy stance through 2019 and would not be surprised to see a further loosening of property market austerity measures.

Singapore MAS - To Stay On Hold In 2019