Agency Weekly Econ & Market Update 160212

36
This information is compiled STRICTLY FOR YOU; FOR YOUR CONVENIENCE to help you keep in touch with the market and economy. Any modification, copying, reproduction, distribution, presentation , in any manner of the said contents without permission in writing from THE ZEN T.E.A.M. Investment & Research Leader is strictly prohibited Video & audio taping and photo-shooting is strictly prohibited during the presentation. REMINDER NOTICE

Transcript of Agency Weekly Econ & Market Update 160212

Page 1: Agency Weekly Econ & Market Update 160212

This information is compiled STRICTLY FOR YOU; FOR YOUR CONVENIENCE to help you keep in touch with

the market and economy.

Any modification, copying, reproduction, distribution, presentation, in any manner of the said contents without permission in writing from THE ZEN T.E.A.M. Investment & Research Leader is strictly

prohibited

Video & audio taping and photo-shooting is strictly prohibited during the presentation.

Discipline action will be taken for any misused of Agency assets and contents

REMINDER NOTICE

Page 2: Agency Weekly Econ & Market Update 160212

Strictly For Internal Training Only

Greece bailout & austerity weigh marts; Strong inflow foreign fund to SEALast call for Greece bailout; Wild card from China easing policy

Exclusively For

16th February 2012

Page 3: Agency Weekly Econ & Market Update 160212

Date Country Events Highlight Previous Announced

10-Feb-12Friday

China Exports / Trade Balance (Dec, yoy) 13.4% / $16.52b (0.5%) / $27.3b

US Michigan Consumer Sentiment (Feb) 75.0 72.5

US Exports /Trade Balance (Dec) $177.84b / ($47.75b) $178.8b / ($48.8b)

13-Feb-12Monday

Japan 4Q GDP (qoq / yoy) 1.7% / 7.0% (0.6%) / (2.3%)

Japan Tertiary Industry Index (Dec, mom) (0.8%) 1.4%

China M2 Money Supply (Jan, yoy) 13.6% 12.4%

Japan BoJ Monetary Policy Meeting – Day 1

14-Feb-12Tuesday

Japan Industrial Production (Dec, , mom, f) (2.7%) 3.8%

Japan BoJ Monetary Policy Decision 0.0% - 0.1%0.0% - 0.1%

$130bil (Buying LT bonds0

Euro Zone Industrial Production (Dec, mom) 0.0% (1.1%)

US Retail Sales / ex-auto (Jan) 0.1% / (0.5%) 0.4% / 0.7%

US Export / Import Price ex Oil (Jan) (0.5%) / (0.1%) 0.2% / 0.3%

US Business Sales / Inventories (Dec) 0.4% / 0.3% 0.7% / 0.4%

Page 4: Agency Weekly Econ & Market Update 160212

Date Country Events Highlight Previous Announced

15-Feb-12Wednesday

South Korea Unemployment Rate (Jan) 3.1% 3.2%

South Korea Exports / Trade Balance (Jan) $43.4b / $2.3b $41.3b / ($2.0b)

Singapore Retail Sales (Dec, mom) (0.9%) (2.4%)

Malaysia 4Q GDP (mom/yoy) 3.7% / 5.8% 1.2% / 5.2%

Euro Zone 4Q GDP (mom/yoy) 0.2% / 1.4% (0.3%) / 0.7%

Euro Zone Exports / Trade Balance (Jan) $155.6b / $6.3b $147.4b / $9.7b

US Empire Manufacturing (Feb) 13.48 19.53

US Industrial Production (Jan) 0.4% 0.0%

US Capacity Utilization (Jan) 78.6% 78.5%

US NAHB Housing Market Index (Feb) 25 29

US FOMC Monetary Policy Minutes

16-Feb-12Thursday

Australia Unemployment Rate (Jan) 5.2% 5.1%

Singapore 4Q GDP (qoq/2011) (4.9%) / 4.8% (2.5%) / 4.9%

US Initial / Continuing Jobless Claims (weekly) 358K / 3515K

US Housing Starts (Jan) 657K

US Building Permits (Jan) 679K

US Core PPI / PPI (Jan) 0.3% / (0.1%)

US Philadelphia Fed (Feb) 7.3

Page 5: Agency Weekly Econ & Market Update 160212

Spain and Italy downgraded,

France (and the UK) on negative

outlook – Moody’s

Page 6: Agency Weekly Econ & Market Update 160212

Malaysia GDP growth on domestic demand but bleed on external trade & fiscal deficit

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Implementation of ETP projects, key to sustainable growth

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Gold (hedging) on profit taking due to extreme overbought

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Silver (speculative) profit taking on overbought position

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Copper (real economic) profit taking on technical overbought

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Crude Oil float above 100 on Syria conflict escalated

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Commodity Index (CRB) profit taking on technical overbought

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3 Mo 1 Yr 2 Yr 5 Yr 10 Yr 30 Yr0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

15-Feb-12 30-Dec-11 30-Jul-11 31-Dec-10 31-Dec-09 31-Dec-08

Pre and Post Fed “Operation Twist”

Post-”operation twist”

Pre-”operation twist”

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Greece bailout in progress eases market fear

Dec-08 Dec-09 Dec-10 Dec-110.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

3 Mo 1 Yr 2 Yr 5 Yr 10 Yr 30 Yr

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Dollar recovered lost ground on equity overbought profit taking

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Foreign funds taking profit on technical overbought

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Money outflow from Asia on assets overbought

US$

Asia Dollar Index

Page 18: Agency Weekly Econ & Market Update 160212

Ringgit lost ground against most trading partnersDate USD EUR JPY100 AUD SGD HKD100 THB100 TWD100 KRW100 IDR100 CNY

31-Dec-07 3.3115 4.8711 2.9545 2.9158 2.3033 42.4500 9.8308 10.2098 0.3538 0.0353 0.4534

31-Dec-08 3.4675 4.8862 3.8381 2.4037 2.4139 44.7419 9.9498 10.5658 0.2753 0.0318 0.5084

31-Dec-09 3.4265 4.9386 3.7136 3.0830 2.4452 44.1844 10.2774 10.7112 0.2939 0.0365 0.5019

30-Dec-10 3.0855 4.0858 3.7840 3.1400 2.3867 39.6380 10.2338 10.6232 0.2723 0.0343 0.4674

30-Dec-11 3.1685 4.0945 4.0818 3.3668 2.4373 40.7860 10.0348 10.4644 0.2733 0.0349 0.5034

31-Jan-12 3.0402 4.0105 3.9875 3.2432 2.4288 39.2017 9.8454 10.2711 0.2713 0.0338 0.4820

9-Feb-12 3.0085 4.0003 3.8978 3.2514 2.4170 38.7931 9.7933 10.2026 0.2697 0.0336 0.4779

10-Feb-12 3.0318 4.0243 3.9082 3.2423 2.4145 39.0861 9.8433 10.2677 0.2698 0.0337 0.4813

13-Feb-12 3.0245 4.0162 3.8930 3.2581 2.4136 39.0047 9.8150 10.2451 0.2699 0.0336 0.4803

14-Feb-12 3.0455 4.0099 3.9067 3.2552 2.4067 39.2813 9.8768 10.2956 0.2705 0.0338 0.4834

15-Feb-12 3.0355 3.9944 3.8693 3.2686 2.4124 39.1498 9.8555 10.2820 0.2705 0.0339 0.4818

16-Feb-12 3.0585 3.9765 3.8841 3.2599 2.4109 39.4391 9.9141 10.3232 0.2698 0.0340 0.4853

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1/4 1/30

2/25

3/23

4/18

5/14

6/9 7/5 7/31

8/26

9/21

10/1711/12

12/81/3 1/2

92/2

43/2

24/1

75/1

36/8 7/4 7/3

08/2

59/2

010/16

11/1112/7

1/2 1/28

2.9000

3.0000

3.1000

3.2000

3.3000

3.4000

3.5000

USD/MYR

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1/4 1/30

2/25

3/23

4/18

5/14

6/9 7/5 7/31

8/26

9/21

10/1711/12

12/81/3 1/2

92/2

43/2

24/1

75/1

36/8 7/4 7/3

08/2

59/2

010/16

11/11

12/71/2 1/2

8

37.0000

38.0000

39.0000

40.0000

41.0000

42.0000

43.0000

44.0000

45.0000

HKD100/MYR

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1/4 1/30

2/25

3/23

4/18

5/14

6/9 7/5 7/31

8/26

9/21

10/1711/12

12/81/3 1/2

92/2

43/2

24/1

75/1

36/8 7/4 7/3

08/2

59/2

010/16

11/1112/7

1/2 1/28

2.6000

2.7000

2.8000

2.9000

3.0000

3.1000

3.2000

3.3000

3.4000

AUD/MYR

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1/4 1/30

2/25

3/23

4/18

5/14

6/9 7/5 7/31

8/26

9/21

10/1711/12

12/81/3 1/2

92/2

43/2

24/1

75/1

36/8 7/4 7/3

08/2

59/2

010/16

11/1112/7

1/2 1/28

2.2500

2.3000

2.3500

2.4000

2.4500

2.5000

SGD/MYR

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Foreign funds still net buyer on carry trade mode

FBM EMAS Vol Value (RM) Local Retail %

Local Institution %

Foreign %

Local Retail(RM)

Local Institution (RM)

Foreign(RM)

31-Jan-12 10,587.20 2-Feb-12 10,714.01 2,580.75 2,867.63 26.38 44.36 29.26 (21.50) (67.80) 89.30 3-Feb-12 10,733.79 2,844.82 2,315.26 29.63 47.94 22.43 (30.70) (64.00) 94.70 8-Feb-12 10,824.74 4,388.09 3,295.58 29.84 41.92 28.24 17.40 (55.90) 38.50 9-Feb-12 10,897.63 3,314.40 2,974.84 33.66 43.18 23.16 (47.90) (59.70) 107.60

10-Feb-12 10,883.76 3,354.88 2,811.66 36.98 44.43 18.59 58.40 151.90 (210.30)13-Feb-12 10,878.53 2,661.46 2,119.19 35.29 49.52 15.18 10.60 (31.50) 20.90 14-Feb-12 10,882.63 2,546.67 2,258.05 32.42 47.98 19.60 (55.60) (16.60) 72.20 15-Feb-12 10,860.15 2,309.57 2,145.93 31.49 48.68 19.83 16.40 (168.90) 152.50

Total 2.58% 24,000.64 20,788.13       (52.90) (312.50) 365.40

Page 24: Agency Weekly Econ & Market Update 160212

16-Feb-12 Close Change %

2007 - 2012 Highest/Lowest YTD QTD MTD Weekly Mar'09 to

NowPeak

Correction

Nikkei 225 (Japan) 9,238.10 (0.24%) 18,297.00 (20/6/07)

6,994.90 (28/10/08) 9.26% 9.26% 4.95% 2.62% 32.07% (14.95%)

Hang Seng Index (Hong Kong) 21,277.28 (0.41%) 31,958.41

(30/10/07)10,676.29 (27/10/08) 15.42% 15.42% 4.35% 1.27% 99.29% (14.85%)

Shanghai Stock Exchange (China) 2,356.86 (0.42%) 6,124.04

(16/10/07)1,664.93

(28/10/08) 7.16% 7.16% 2.80% 0.31% 41.56% (26.04%)

Stock Exchange of Thailand (Thailand) 1,120.25 (0.55%) 1,148.28

(1/8/11)380.05

(26/11/08) 9.26% 9.26% 3.35% 0.28% 194.76% (2.44%)

FT Straits Times Index (Singapore) 2,977.20 (1.14%) 3,906.16

(10/10/07)1,455.47 (10/3/09) 12.50% 12.50% 2.43% (0.13%) 104.55% (10.15%)

Taiwan Weighted (Taiwan) 7,869.70 (1.69%) 9,859.65 (30/10/07)

3,955.43 (21/11/08) 11.28% 11.28% 4.69% (0.52%) 98.96% (14.04%)

US S&P 500 (U.S.A.) 1,343.23 (0.54%) 1,576.09 (11/10/07)

666.79 (6/3/09) 6.81% 6.81% 2.35% (0.64%) 101.45% (1.56%)

Hang Seng China Enterprise (HSCEI) 11,577.36 (0.93%) 20,609.10

(1/11/07)4,792.37

(27/10/08) 16.51% 16.51% 2.46% (0.79%) 141.58% (18.58%)

Dow Jones Industrial Average (U.S.A.) 12,780.95 (0.76%) 14,279.96

(11/10/07)6,440.08 (9/3/09) 4.61% 4.61% 1.17% (0.85%) 98.46% (1.11%)

KOSPI (South Korea) 1,997.45 (1.38%) 2,231.47 (27/4/11)

892.16 (27/10/08) 9.40% 9.40% 2.13% (0.85%) 123.89% (10.49%)

FT KLCI (Malaysia) 1,550.49 (0.69%) 1,595.87 (7/7/11)

801.27 (28/10/08) 1.29% 1.29% 1.92% (0.95%) 93.50% (2.84%)

Jakarta Composite (Indonesia) 3,927.61 (0.64%) 4,195.72 (2/8/11)

1,089.34 (28/10/08) 2.76% 2.76% (0.36%) (1.29%) 260.55% (6.39%)

All Ordinaries Index (Australia) 4,257.16 (1.62%) 6,873.20 (1/11/07)

3,090.80 (10/3/09) 3.56% 3.56% (1.58%) (2.29%) 32.97% (16.02%)

Page 25: Agency Weekly Econ & Market Update 160212

Malaysia - KLCI

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Hong Kong - HSI

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US – S&P 500

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Australia - AORD

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Morgan Stanley ACFExJ

Page 30: Agency Weekly Econ & Market Update 160212

Public Mutual Fund Prices     15-Feb-12

Favourite Funds NAV Day Change

Day Change Last 5-Days MTD

ChangeQTD

ChangeYTD

ChangePublic Index Fund (PIX)*# 0.6884 (0.0002) (0.03%) 0.70% 2.53% 2.47% 2.47%Public Sector Select Fund (PSSF)*# 0.2906 (0.0002) (0.07%) (0.03%) 1.40% 1.50% 1.50%Public Regular Saving Fund (PRSF)*# 0.6575 0.0000 0.00% (0.03%) 1.33% 2.35% 2.35%Public Islamic Select Treasures Fund (PISTF)*# 0.3147 0.0011 0.35% 0.70% 2.47% 5.32% 5.32%Public Islamic Equity Fund (PIEF)* 0.3474 (0.0006) (0.17%) 0.03% 2.27% 3.52% 3.52%Public Islamic Sector Select Fund (PISSF)*# 0.2957 0.0006 0.20% (0.03%) 2.28% 0.78% 0.78%Public Aggressive Growth Fund (PAGF)* 0.6670 0.0020 0.30% 0.35% 2.93% 5.71% 5.71%Public Growth Fund (PGF)* 0.4896 0.0021 0.43% 0.66% 3.16% 3.95% 3.95%Public Industry Fund (PIF)* 0.5284 (0.0003) (0.06%) 0.90% 2.60% 3.10% 3.10%Public Equity Fund (PEF)* 0.2738 0.0011 0.40% 0.44% 2.59% 3.95% 3.95%Public Focus Select Fund (PFSF) 0.2632 (0.0003) (0.11%) 0.00% 1.94% 5.91% 5.91%Public Select Alpha 30 Fund (PSA30F) 0.3130 0.0004 0.13% 1.07% 2.83% 2.76% 2.76%Public Ittikal Fund (PITTIKAL)* 0.8709 0.0003 0.03% (0.08%) 2.40% 3.68% 3.68%Public Far-East Select Fund (PFES)* 0.2272 0.0023 1.02% 1.25% 5.77% 11.37% 11.37%Public Regional Sector Fund (PRSEC)* 0.1976 0.0023 1.18% 1.02% 5.44% 10.58% 10.58%Public Far-East Dividend Fund (PFEDF)* 0.2166 0.0027 1.26% 2.12% 4.44% 6.44% 6.44%Public China Select Fund (PCSF)* 0.1642 0.0029 1.80% 2.18% 6.07% 11.85% 11.85%Public Far-East Property Resort Fund (PFEPRF)* 0.2483 0.0018 0.73% 1.55% 3.67% 7.72% 7.72%Public Far-East Telco & Infrastructure (PFETIF)* 0.2940 0.0036 1.24% 1.17% 4.51% 5.87% 5.87%Public Australia Equity Fund (PAUEF) 0.2538 0.0008 0.32% (0.20%) 1.52% 6.86% 6.86%Public Natural Resources Equity Fund (PNREF) 0.2314 0.0000 0.00% (0.77%) 3.58% 11.36% 11.36%Public South East Asia Select Fund (PSEASF)* 0.2546 0.0012 0.47% 0.35% 2.17% 4.82% 4.82%Public Global Select Fund (PGSF)* 0.1824 (0.0002) (0.11%) 0.61% 2.53% 4.35% 4.35%Public Asia Ittikal Fund (PAIF)* 0.2611 0.0021 0.81% 1.79% 3.69% 7.14% 7.14%Public Islamic Asia Dividend Fund (PIADF)* 0.2463 0.0015 0.61% 0.78% 3.05% 5.30% 5.30%Public China Ittikal Fund (PCIF)* 0.1766 0.0022 1.26% 1.15% 4.74% 6.97% 6.97%Public Bond Fund (P Bond) 1.0125 (0.0001) (0.01%) 0.10% 0.33% 0.76% 0.76%Public Enhanced Bond Fund (PEBF) * 1.0277 0.0007 0.07% 0.13% 0.50% 1.18% 1.18%Public Select Bond Fund (PSBF)# 1.0415 0.0001 0.01% 0.09% 0.19% 0.60% 0.60%Public Islamic Enhanced Bond Fund (PIEBF)* 1.0960 0.0008 0.07% 0.19% 0.39% 0.91% 0.91%Public Islamic Bond Fund (PI Bond) 1.0660 0.0003 0.03% 0.16% 0.36% 0.91% 0.91%MSCI All Countries Far-East Ex-Japan* 499.52 8.45 1.72% 0.81% 4.20% 14.32% 14.32%MSCI Golden Dragon* 140.75 2.91 2.11% 1.43% 5.17% 15.66% 15.66%KLCI* 1,561.30 (4.75) (0.30%) 0.52% 2.63% 2.00% 2.00%

Page 31: Agency Weekly Econ & Market Update 160212

Best Funds Past 20-Days Worst Funds past 20-days Worst Funds recent correction Best Funds Recent Low

PCSF 13.40 PNREF (2.32) PRSEC (30.29) PINDOSF 26.84 PCTF 11.60 PRSEC (1.64) PFES (29.69) PIOF 26.64 PFES 11.26 PFES (1.52) PNREF (26.45) PISTF 26.13

PRSEC 10.39 PFETIF (1.18) PFA30F (24.20) PFES 24.84 PNREF 9.62 PITTIKAL (1.05) PFETIF (21.10) PFETIF 24.52

PCIF 8.48 PAGF (1.04) PCSF (20.14) PIA40GF 24.23 PFETIF 7.57 PBF (0.91) PFEDF (18.50) PIOGF 24.13 PFEDF 7.55 PINDOSF (0.88) PCIF (17.40) PNREF 22.56 PIOF 6.48 PEF (0.76) PCTF (16.41) PFEPRF 22.50

PSMALLCAP 6.30 PGF (0.71) PSMALLCAP (11.96) PRSEC 22.35 PAIF 6.27 PIOGF (0.70) PFECTF (11.89) PAGF 21.14

PFEPRF 6.25 PIEF (0.63) PGSF (11.11) PIX 21.00 PIA40GF 6.22 PIDF (0.59) PEF (10.66) PISEF 20.73 PFA30F 5.92 PFSF (0.57) PBF (10.28) PSMALLCAP 20.27 PIATAF 5.44 PAUEF (0.55) PAGF (9.56) PISSF 20.18 PIALEF 5.38 PCIF (0.45) PGF (9.35) PCTF 20.01 PFECTF 5.12 PISEF (0.42) PTAF (7.77) PRSF 19.85 PFEBF 4.91 PRSF (0.41) PAUEF (7.69) PFSF 19.64 PAGF 4.91 PIMXAF (0.32) PFEBF (7.23) POGF 19.62 PIADF 4.85 PSSF (0.27) PIALEF (5.85) PIEF 19.14 PFSF 4.78 PDSF (0.27) PIF (5.47) PSSF 19.07 PISTF 4.52 PSMALLCAP (0.27) PITTIKAL (5.16) PCIF 18.84 PSF 4.43 PISSF (0.20) PSA30F (4.91) PIDF 18.77

PAUEF 4.36 PIOF (0.18) PSEASF (4.91) PSA30F 18.39 PTAF 4.21 PSF (0.17) PSF (4.31) PAIF 18.02 PGF 4.15 PISTF (0.16) PINDOSF (3.77) PSEASF 17.96 PEF 4.03 PIX (0.15) PIATAF (3.56) PIADF 17.57 PIF 4.02 PGSF (0.11) PIOF (3.33) PITTIKAL 16.76 PBF 3.93 POGF (0.07) PAIF (3.20) PAUEF 16.53

PITTIKAL 3.86 PIF (0.06) PISTF (1.47) PEF 16.17

Page 32: Agency Weekly Econ & Market Update 160212

Top 30 Funds (Malaysia)  1-week (%) 1-month (%) 3-months (%) 6-months (%)TA Small Cap 2.40 9.07 14.76 14.31 OSK-UOB Emerging Opp UT 1.65 6.60 13.25 13.41 OSK-UOB Sm Cap Opp UT 0.33 6.85 12.96 13.37 PRUsmall-cap 1.89 7.17 12.35 5.42 Public Focus Select 0.88 4.29 11.85 9.90 MIDF Amanah Strategic 0.66 8.43 11.46 (1.68)Public Far-East Property and Resorts 1.52 3.84 11.19 8.30 MAAKL HDBS Shariah Progress 0.91 4.68 11.04 8.02 MIDF Amanah growth 0.59 8.43 11.03 (1.71)Apex Dana Aslah (0.52) 4.89 11.02 11.23 Hong Leong Industrial & Tech SF 0.37 2.34 11.00 6.18 MIDF Amanah Dynamic 0.57 8.29 10.80 (2.09)Public Islamic Opportunities 1.60 5.42 10.68 9.63 Kenanga Islamic 0.50 3.87 10.65 10.57 PRUequity Income 0.60 4.69 10.62 11.22 MIDF Amanah Islamic 0.80 8.25 10.57 (1.55)Hong Leong Con Infra & Pro SF (0.36) 3.32 10.56 9.52 Public Islamic Alpha-40 Growth 1.57 4.77 10.39 12.43 CIMB Islamic Small Cap 1.03 4.47 10.38 9.44 Public Islamic Select Treasures 0.70 3.90 10.34 5.29 Phillip Master Eq Growth 2.78 5.34 9.89 9.75 CIMB-Principal Small Cap 0.61 4.25 9.81 10.44 Hwang Aiiman Growth 0.99 3.75 9.78 10.16 Apex Dana Al-Faiz-i Inc (0.58) 4.07 9.63 8.08 PRUdana al-ilham 0.28 3.41 9.61 7.98 OSK-UOB Thematic Growth 0.03 2.24 9.60 7.01 Affin Select Growth 1.01 3.35 9.57 6.15 Pheim Asia ex-Japan Islamic 1.98 7.29 9.57 12.92 RHB Dynamic 0.13 3.94 9.56 5.66 InterPac Dynamic Equity 0.64 3.02 9.51 4.63

Page 33: Agency Weekly Econ & Market Update 160212

Bottom 30 Funds (Malaysia)  1-week (%) 1-month (%) 3-months (%) 6-months (%)AmPrecious Metal (2.94) (1.33) (12.68) (11.64)OSK-UOB Gold and General (2.72) (2.04) (11.97) (9.48)OSK-UOB Flexifund Equity China A * 2.63 1.43 (11.88) (18.13)Hwang Aiiman A20 China Access 2.09 3.12 (11.32) (10.76)Hwang Absolute Return II (1.35) 1.38 (8.39) (12.37)PB Euro Pacific Equity 1.69 3.11 (6.66) (12.57)Manulife Investment - Global Resources (0.67) 0.48 (5.48) (2.58)Public Far-East Alpha-30 2.16 3.57 (4.14) (11.75)PRUshariah Opp Asia Pacific Equity B 1.00 (2.25) (3.98) (4.42)AmIslamic Greater China 1.85 4.28 (3.75) (6.18)OSK-UOB Asian Growth Opportunity 0.17 2.58 (3.60) (10.98)AmIslamic Greater China - SGD 2.08 4.48 (3.49) (7.03)AmIslamic Greater China - MYR 1.55 4.03 (3.18) (6.74)PRUshariah Opp Asia Pacific Equity A 1.00 (2.26) (2.69) (3.23)Public Far-East Dividend 2.15 4.85 (2.43) (6.43)OSK-UOB Taiwan Opportunity 3.51 5.72 (2.39) (2.38)RHB Islamic Enhanced Cash (0.01) (2.40) (2.01) (1.37)HwangDBS Indochina 1.23 1.23 (1.89) 1.01 TA All Cycle Commodities Income (0.47) (0.98) (1.86) (3.89)PB China Pacific Equity 2.75 6.22 (1.84) (7.95)Hwang China Select 1.58 2.77 (1.84) 0.87 AmPan European Property Equities 1.33 6.22 (1.80) (3.26)Hwang Global Commodity 0.38 1.78 (1.20) (6.26)Areca Recovery Growth Fund 1.96 2.64 (1.17) (3.26)PruGlobal Basics 1.29 3.26 (1.10) 4.71 OSK-UOB Flexifund Money Market RMB 0.54 (2.73) (1.06) 2.13 Hong Leong Global Value 0.45 1.87 (1.03) 2.84 OSK-UOB Asia Consumer 1.05 2.87 (0.93) (7.58)TA Select Titans In Asia Capital Prot (0.16) 0.87 (0.81) 3.65 AmCommodities Extra 0.66 1.63 (0.79) (0.96)

Page 34: Agency Weekly Econ & Market Update 160212

Date Country Events Highlight Current Consensus

17-Feb-12Friday

Singapore Exports / Trade Balance (Jan) $44.62b / $7.61b

Singapore Industrial Production )Jan, yoy) 12.6%

Euro Zone Current Account Balance (Dec) ($1.8b)

Taiwan M2 Money Supply )Jan, yoy) 5.01%

US Core CPI / CPI (Jan) 0.0% / 0.1%

US Leading Index 0.4%

Page 35: Agency Weekly Econ & Market Update 160212

Date Country Events Highlight Current Consensus

20-Feb-12Monday

Japan Exports / Trade Balance (Jan) (8.3%) / ($496.5b)

Thailand 4Q GDP (qoq / yoy) 0.5% / 3.5%

Japan Leading Index (Dec, f) 93.2

Hong Kong CPI (Jan, yoy) 5.7%

Thailand Exports / Trade Balance (Jan, yoy) (2.0%) / ($2.13b)

Market Closed US

21-Feb-12Tuesday

Singapore Wholesale Sales (4Q, qoq) (1.6%)

Hong Kong Unemployment Rate (Jan) 3.3%Japan All Industry Index (Dec)

Euro Zone Industrial / Consumer / Economic / Services Confidence Index (Feb)

(7.2) / (20.7) / 93.4 / (0.6)

22-Feb-12Wednesday

Malaysia CPI (Jan, mom/yoy) 0.1% / 3.0%

China Notional Bureau of Statistics of China Annual Statistical Communique

China HSBC PMI Manufacturing (Feb) 48.8Taiwan Unemployment Rate (Jan) 4.18%

Hong Kong 4Q GDP (qoq / yoy) 0.3% / 3.0%

Taiwan 4Q GDP (qoq / yoy) (0.25%) / 1.9%

Euro Zone Industrial New Orders (Dec, mom) (1.3%)

US Existing Home Sales / Inventories (Jan) 4.61m / 2.38m

23-Feb-12Thursday

Singapore CPI (Jan, mom/yoy) 5.5% / 0.0%

Hong Kong Exports / Trade Balance (Jan) $271.8b / ($48.9b)

Taiwan Industrial Output (Jan, yoy) (8.15%)

US Initial / Continuing Jobless Claims (weekly)US FHFA Housing Price Index (Dec) 1.0%

Page 36: Agency Weekly Econ & Market Update 160212

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