Tuesday 23 February 2016

DBS CEO: 2 RISKS YOU HAVE TO KNOW

DBS CEO's recent earning call was nothing short of enlightening. Especially so in his single powerpoint slide on tail events

Two things make up that slide:
1. Large one-offs e.g., a large corporate collapse

2. Sharp RMB devaluation in the next three months

What's the probability that these two risks materialise? Nobody knows. But views that the yuan's devaluation is only beginning are abound

Sit tight folks.

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