Tong's Portfolio

How much is too much QE?

Central banks are all-in on extreme monetary policies in the face of the severe economic fallout from the Covid-19 pandemic.


Rupiah and bonds diverge as global funds shun Indonesia

Indonesia’s bond and currency markets, risk benchmarks that tend to move in tandem, are diverging in signs that the nation’s pandemic response is deterring global funds.

US dollar struggles to stem decline, but gold performs well as investors fret over US job recovery


US dollar struggles to stem decline, but gold performs well as investors fret over US job recovery

The dollar struggled to stem its broad decline on Thursday as investors worried the US economic recovery may lag other countries due to a high level of coronavirus infections while the global econo

Broker's Calls

Brace for FX correction in July, warns DBS

SINGAPORE (June 26): Despite a rise in US equities on Thursday, DBS Research Group analysts Phillip Wee and Chang Wei Liang are warning that this Wall Street bullishness is nothing but a head fake.


BNM forex scandal investigation reveals unreported RM31.5 bil in trading losses

SINGAPORE (Aug 22): After hearing witnesses’ testimonies on the very first day of hearing, the Royal Commission of Inquiry (RCI) has concluded that Bank Negara Malaysia (BNM) lost about RM31.5 bill

Broker's Calls

This stock is emerging from under the radar to gain traction in FY18

SINGAPORE (Aug 15): UOB KayHian is highlighting Stamford Tyres as a stock that’s “poised to reap the benefits of a lengthy exercise to streamline operations”, and believes investors can look forwar


Singapore dollar bulls are gathering in the swap market

SINGAPORE (March 27): Singapore’s interest-rate markets are signaling gains for the local dollar as bets grow the nation’s central bank will avoid easing policy next month and some economists are s


Recalling Bank Negara’s massive forex losses

SINGAPORE (March 24): The government is moving ahead to investigate whether there were any wrong doings in the massive foreign exchange losses suffered by Bank Negara some 25 years ago.

Broker's Calls

IREIT Global suffers from sponsor uncertainty

SINGAPORE (Nov 25): DBS Group Research is cautious over IREIT Global maintaining a “hold” call with a target price of 75 cents, citing uncertainty with its new sponsor, Tikehau Capital.

Broker's Calls

ISDN a step closer to Hongkong dual listing

SINGAPORE (Nov 25): NRA Capital is maintaining its “overweight” on ISDN Holdings with 20 cents target price as it moves a step closer to its proposed dual listing on the Hong Kong Stock Exchange af

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