In today’s briefing:
- Money Watch: How Do We Track Deposit Flights?
- The Week That Was in ASEAN@Smartkarma – GoTo Profitability, Indosat’s Back, and Singapore Banks
- Goldman Sachs jumps back into the supercycle boat // Trafigura CFO sees more Volatility ahead
Money Watch: How Do We Track Deposit Flights?
- The EU banking sector is more resilient to deposit flights (for now), but we have started to see weaknesses in the banking system
- We are now on the second consecutive week of >100 bn. MMF inflows
- Fights for funding and banking turmoil might have been in the pipeline for some time now
The Week That Was in ASEAN@Smartkarma – GoTo Profitability, Indosat’s Back, and Singapore Banks
- The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across South East Asia.
- The past week saw insights on GoTo (GOTO IJ) post results, Indosat (ISAT IJ), Del Monte Pacific (DELM SP). PT Trimegah Bangun Persada Tbk (Harita Nickel), and Thantawan Industry.
- There was a sector piece in Singapore Banks, now the 4th most owned banks globally plus insights on Kredivo as Mizuho entered and on Vingroup investing in Grab competitor Be.
Goldman Sachs jumps back into the supercycle boat // Trafigura CFO sees more Volatility ahead
- Goldman Sachs jumps back into the supercycle boat Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S. bank’s head of commodities said.
- “Historically, when you have this kind of scarring event, it takes months to get capital back … We will still get a deficit by June and it will drive oil prices higher.”
- Jeff Currie, global head of commodities for Goldman Sachs, told the Financial Times Commodities Global Summit on Tuesday.
💡 Before it’s here, it’s on Smartkarma
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