Affin Hwang Capital Conference Series 2016

Navigating through Shifting Sands

11 August 2016

JW Marriott Kuala Lumpur
08:30 — 06:00

Affin Hwang Capital's 2016 conference titled “Navigating through Shifting Sands” examines the challenges and opportunities facing the global economy, with special focus on the fundamentals of the Malaysian economy in times of uncertainties.

SIDC CPE - accredited: 10 CPE Points

Conference Session

Mayang Sari Grand Ballroom
Lower Level 3, JW Marriot Kuala Lumpur

8:30 am

Arrival and registration

9:00 am

Welcome Address
Madam Maimoonah Hussain
Group Managing Director, Affin Hwang Capital

9:10 am

Special Address - Shaping the Future of Malaysia’s Investment Opportunity
YB Dato’ Sri Mustapa Mohamed
Minister of International Trade and Industry Malaysia (MITI)

10:00 am

Presentation - Global Growth Outlook: Beyond 2016
The Malaysian economy and stock market have been facing uncertainties from slower global growth, volatile crude oil prices, China’s debt build-up, as well as concerns of the timing of federal funds rate hikes in the US, which have been sources of global market volatility. Will global and domestic economic uncertainties persist? What’s the outlook on the global economy beyond 2016?

Presenter
Dr. Rafael Muñoz Moreno
Senior Economist, Malaysia, East Asia and Pacific, World Bank Group

10:30 am

Presentation - Brexit – Implications On Investment and Capital Flows
On 23 June 2016 the British people voted for the United Kingdom to leave the European Union. The decision drove the markets into panic and set the beginning of a potentially long and turbulent transition period. Markets are already feeling some of the short-term consequences, whilst some of the long-term consequences are yet to materialize. What are the possible outcomes of Brexit and its implications for the UK and the EU? Can Brexit represent a fatal blow to the European integration process? What impact does it have on the global economy and on ASEAN economies specifically?

Presenter
Dr. Simon James Baptist
Global Chief Economist and Managing Director, The Economist Intelligence Unit

11:00 am

Presentation - China’s Outward Direct Investment with OBOR Initiative
What drives China’s outbound investment strategy and what kind of role does the Belt-Road initiative play within China’s broader “going out” ambitions? What sort of opportunities can nations, companies and investors expect from the rolling out of OBOR? Are risks being adequately appraised?

Presenter
Mr. Robert Winslow Koepp
Director, The Economist Corporate Network

11:30 am

Panel Discussion - Global Macro Drivers
Moderator
Dr. Yeah Kim Leng
Professor of Economics, Sunway University Business School

Panellists
  • Dr. Rafael Muñoz Moreno
    Senior Economist, Malaysia, East Asia and Pacific, World Bank Group
  • Dr. Simon James Baptist
    Global Chief Economist and Managing Director, The Economist Intelligence Unit
  • Mr. Robert Winslow Koepp
    Director, The Economist Corporate Network
12:00 noon

Panel Discussion - A Discussion on the Investment Roadmap
Moderator
Mr. Chue Kwok Yan
Head of Research, Affin Hwang Capital

Panellists
  • Mr. Yasutoshi Nagai
    Chief Economist, Fixed Income, Currency and Commodities Research Department, Daiwa Securities Co. Ltd.
  • Mr. Ramakrishna Maruvada
    Head of Singapore Research, Daiwa Capital Markets Singapore
  • Dr. Kampon Adireksombat
    Strategist, Thanachart Securities
  • Mr. Harry Su
    Head of Equities and Research, PT Bahana Securities
1:00 pm

Special Lunch Session – Optimising My Child’s Potential
Ms. Adlin Abdul Hamid
Director / Clinical Psychologist, twenty-two: The Academy

2:00 pm

Presentation - The Transformation of Malaysia’s Public Transportation
Mr. Mohd Azharuddin bin Mat Sah
Chief Executive Officer, Suruhanjaya Pengangkutan Awam Darat (SPAD)

Breakout Sessions

Starhill I, II and III
Level 4, JW Marriot Kuala Lumpur

Breakout Session 1 : 3:00 pm - 4:00 pm
Breakout Session 2 : 4:00 pm - 5:00 pm

Starhill I

Oil and Gas: What Lies Ahead?

What are the sustainable price levels that we should be looking at for the longer-term? And what this means for the Oil and Gas industry returns and outlook over the longer-term? How should investors position themselves in such a tumultuous period, in order to participate on the eventual recovery of the industry prospects?

Ir. Dr. Mohd. Shahreen Zainooreen Madros
Executive Director, Malaysia Petroleum Resources Corporation
Starhill II

TPPA and OBOR

Where are the key similarities and differences between Trans-Pacific Partnership (TPP) and One Belt, One Road (OBOR)? Do they present complementary opportunities for those who manage to position themselves well within both undertakings? Or do TTP and OBOR represent dissimilar paths for global trade and investment, forcing a fundamental choice between one or the other?

Mr. Robert Winslow Koepp
Director, The Economist Corporate Network
Starhill III

Commodities / Climate Change

The investment community is facing the prospect of significant losses from the effects of climate change. What are the key implications of climate change on commodities and how can a transition towards more sustainable practices mitigate these risks? What are the opportunities for governments, the private sectors and multilateral organisations to work together to improve future outcomes?

Dr. Simon James Baptist
Global Chief Economist and Managing Director, The Economist Intelligence Unit

The Malaysian economy and stock market have been facing uncertainties from slower global growth, volatile crude oil prices, China’s debt build-up, as well as concerns of the timing of federal funds rate hikes in the US, which have been sources of global market volatility. The global and domestic economic uncertainties are likely to persist with the Brexit referendum, as the UK voted unexpectedly in favour of exiting the European Union (EU). While it is unlikely that the impact of Brexit on the global economy would be comparable to the financial crisis of 2008-2009, the consequences on the UK and the EU economies, if the contagion effect spreads, would drag down the already precarious global growth.

The fear is if this prompts further EU disintegration and impairs the credibility of the Euro, triggering a possible global recession that would put pressure on the Brent price due to demand destruction. This may directly impair Malaysia’s fundamentals, with global financial markets entering a period of volatility, where the risk profile for Malaysia also increased. The decision on US federal-funds rate (FFR) hike will come into focus again if US Federal Reserve stays true to its path of possibly two hikes for the remainder of the year. The divergence of monetary policies in the advanced economies is expected to increase the exchange rate volatility, where movements of global capital flows are becoming increasingly uncertain. Where do One Belt One Road (OBOR) project stands in China’s economic initiative to increase connectivity between Europe, Asia and Africa after Brexit? What will be the implications on ASEAN members from the multilateral agreements of AEC and TPPA?

Despite the global uncertainties and downside risks for the Asian economies, there are also pockets of opportunities in the ASEAN region, where countries with good macro fundamentals will continue to attract investment and capital flows.

Special Address
Special Address

Shaping The Future of Malaysia’s Investment Opportunity


YB Dato’ Sri Mustapa Mohamed
Minister of International Trade and Industry Malaysia (MITI)

Dato’ Sri Mustapa Mohamed is currently the Minister of International Trade and Industry, Malaysia. He represents Jeli, Kelantan as its Member of Parliament and was first elected in 1995.

His involvement in the Malaysian Cabinet began as the Minister of Entrepreneur Development (1995-1999). As the Asian Financial Crisis hit Malaysia, Dato’ Sri Mustapa was later appointed as the Second Finance Minister in 1998 – making him the first Malaysian to hold two Ministerial portfolios at the same time. He has also served as the Minister of Higher Education (2006- 2008) and Minister of Agriculture and Agro-Based Industry (2008 –2009) prior to assuming his current role.

Under his current Ministerial capacity, Dato’ Sri Mustapa has been responsible in promoting investments as well as expanding Malaysia’s trade with the rest of the world. He also oversaw the five-year long negotiation of the historic Trans-Pacific Partnership Agreement (TPPA) which involves 12 nations with a combined Gross Domestic Product (GDP) of USD27.5 trillion.

Dato’ Sri Mustapa holds a First Class Honours degree in Economics from University of Melbourne and a Masters in Economic Development from Boston University. He was conferred an Honorary Doctor of Commerce from University of Melbourne, and an Honorary Degree of Law from University of Nottingham.

Presenter
Macro Session - Presentation

Global Growth Outlook : Beyond 2016


Dr. Rafael Muñoz Moreno
Senior Economist, Malaysia, East Asia and Pacific, World Bank Group

Dr. Rafael Muñoz Moreno is the World Bank’s Senior Country Economist for Malaysia since 2015. He joined the World Bank in 2005 as part of the Young Professional Program, and has worked in the office of the Vice President of the Economic Department and served as the Country’s Economist in the African region. Previously, Dr. Rafael worked in the Spanish Embassy in Tokyo as an Economist and in the European Commission as an Operation Officer in charge of budget support projects in Latin America.

Dr. Rafael has published several research papers, mostly on macroeconomic policies, labor economics and business cycles. Dr. Rafael holds a PhD in Economics from the University of Louvain, Belgium and a European Doctoral Program in Quantitative Economic after attending the London School of Economics.

Dr. Rafael is also a panel member on "Panel Discussion on Global Macro Drivers."

Presenter
Macro Session - Presentation

Brexit – Implications on Investment and Capital Flows


Dr. Simon James Baptist
Global Chief Economist and Managing Director, The Economist Intelligence Unit (EIU).

Dr. Simon James Baptist is an experienced economist who is currently the Chief Economist and Managing Director for The Economist Intelligence Unit (EIU), Asia. He is responsible for providing intellectual leadership for The EIU’s coverage and ensuring that economic, political analysis and forecasts are the best available for international decision-makers, and for managing an international team of economists and editors.

Dr. Simon used to be the Regional Director for Asia, and Global Forecasting Director at The EIU. Dr. Simon was previously a lecturer at Oxford University where he also completed his doctorate, and for a number of years as an economic consultant advising many governments, multinational corporations and international organisations in Africa, Asia, Europe and North America.

Dr. Simon is also a panel member on the discussion on “Global Macro Drivers.”, and will speak at the break out session on “Commodities / Climate Change”.

Presenter
Macro Session - Presentation

China’s Outward Direct Investment with OBOR Initiative


Mr. Robert Winslow Koepp
Director, The Economist Corporate Network

Mr. Robert Winslow Koepp is the Network Director of The Economist Corporate Network (ECN) in Beijing. He brings hands-on executive experience coupled with economic analysis and industry insight to help organisational leaders and their teams gain a holistic yet practical appreciation of challenges and opportunities in China and across other key Asian markets. At ECN, he has authored and led publications like “One Belt, One Road”: An Economic Roadmap, and Asia Business Outlook Survey 2016.

Rob began his career in the IT and energy sectors before branching into economic research, finance, and strategic advisory also covering the media, agribusiness, healthcare, consumer goods and sports sectors. He has held senior positions, including as a consultant to companies and government agencies in the United States of America, Singapore, Japan and China.

Rob is also a panel member on the discussion of "Global Macro Drivers.”, and will speak at the break out session on “TPPA and OBOR”.

Moderator – Macro Session
Macro Session - Panel Discussion

Global Macro Drivers


Dr. Yeah Kim Leng

Professor of Economics, Sunway University Business School

Dr. Yeah Kim Leng is a Professor of Economics as well as the Director of Economic Studies Program at Jeffrey Cheah Institute on Southeast Asia (JCI) at Sunway University. He assumed his current positions in May this year following a 2-year stint as the Dean of the School of Business at Malaysia University of Science and Technology (MUST).

Prior to joining the academia, he had worked at the country’s first credit rating agency, RAM Holdings Bhd, for 20 years principally as the Chief Economist. He is currently a Vice President of the Malaysian Economic Association and one of two external members appointed to Bank Negara Malaysia’s Monetary Policy Committee in April 2015.

Dr. Yeah holds an MBA and a PhD in Agricultural and Resource Economics from the University of Hawaii.

Moderator
Panel Discussion

A Discussion on the Investment Roadmap


Mr. Chue Kwok Yan
Head of Research, Affin Hwang Capital

Mr. Chue Kwok Yan has more than 15 years of experience in equity research. In 2015, Kwok Yan joined Affin Hwang Capital as the new Head of Research. Prior to his appointment, Kwok Yan spent 10 years at KAF Seagroatt and Campbell as the Director of Research. He was one of the pioneers in building KAF’s Institutional Research expertise into one of the best rated research outfits in Malaysia.

Prior to KAF, Kwok Yan spent one year at CLSA Malaysia as a senior staff in Equity Research. Before that, he was with ABN Amro Malaysia, where he began his career and rose to the position of Assistant Director in five years.

Kwok Yan graduated from Imperial College of Science, Technology and Medicine with a degree in Electrical and Electronics Engineering.

Panel Member
Panel Discussion

A Discussion on the Investment Roadmap


Mr. Yasutoshi Nagai

Chief Economist, Fixed Income, Currency and Commodities Research Department, Daiwa Securities Co. Ltd.

Mr. Yasutoshi Nagai is a Chief Economist of Daiwa Securities. Prior to that, he worked at the Ministry of Finance as a special officer for analysis on debt market. Prior to this, Yasutoshi was attached to Daiwa Research Institute, Yamaichi Research Institute and Japan Center for Economic Research where he held the position of Economist.

Yasutoshi holds a Bachelor of Arts and Sciences from University of Tokyo.

Panel Member
Panel Discussion

A Discussion on the Investment Roadmap


Mr. Ramakrishna Maruvada
Head of Singapore Research, Daiwa Capital Markets Singapore

Mr. Ramakrishna Maruvada is the Head of Research at Daiwa Capital Markets Singapore, where he also leads coverage of telecommunication sector spanning China, India and ASEAN regions. With over 15 years of diverse work experience spanning financial analysis and engineering fields, he possesses expertise in equity markets, and telecommunications domains. He was the Head of Asean Telecommunications Research at Macquarie Securities, and prior to that, a Research Officer at The Institute of Materials Research and Engineering.

Ramakrishna holds a Master's Degree and Bachelor’s Degree in Engineering from the National University of Singapore.

Panel Member
Panel Discussion

A Discussion on the Investment Roadmap


Dr. Kampon Adireksombat

Strategist, Thanachart Securities

Dr. Kampon Adireksombat serves as the Deputy Head of Research, Economist and Strategist at Thanachart Securities PCL, Research Division. Prior to his appointment, he was the Head of Economic Strategy Unit at TISCO Financial Group Public Company Limited since 2013 and served as Senior Economist at the firm from 2011 to 2013. Previously, Dr. Kampon was a Strategist at Deutsche Bank AG, Research Division. He served as Senior Economist for Economic Intelligence Center at The Siam Commercial Bank Public Company Limited from 2010 to 2011.

Dr. Kampon holds Doctoral Degree in Economics from Michigan State University, Master of Economics from National University of Singapore and a Bachelor of Economics from Chulalongkorn University.

Panel Member
Panel Discussion

A Discussion on the Investment Roadmap


Mr. Harry Su

Head of Equities & Research, PT. Bahana Securities

Mr. Harry Su has been with state-owned PT. Bahana Securities, the number one brokerage by market share in Indonesia, for the past seven years and is currently their Head of Research. Prior to that, he held senior positions at CLSA and BNP Paribas, where he was responsible for carrying out a combination of Indonesian market strategy and coverage of the telecommunication and consumer sectors.

Harry has been working in the Jakarta capital markets since 1993, and he has consistently been rated as an equity analyst in various investors’ polls since 1995.

Speaker
Special Lunch Session

Optimising My Child’s Potential


Ms. Adlin Abdul Hamid
Director/ Clinical Psychologist, twenty-two: The Academy

Ms. Adlin Abdul Hamid currently runs her private practice, twenty-two: The Academy, at Damansara Heights where she leads a multidisciplinary team specialising in child development.

She graduated from Upper Iowa University (US) with a Bachelor of Science majoring in Psychology, completed her Masters in Clinical Psychology at Universiti Kebangsaan Malaysia, and then underwent training at the Psychiatric Department, Hospital Universiti Kebangsaan Malaysia. Following this she was attached to Sunway Medical Centre and contributed as a committee member for the Adult Weight Management Program and Stroke Rehabilitation Program run by the hospital. Since then she has participated in a number of initiatives including serving as a committee member of Aceh Pro-Poor Capacity Development Program and as external committee member of the Board of Studies of the Department of Psychology Kulliyyah of Islamic Revealed Knowledge and Human Sciences, International Islamic University, Malaysia.

Panel Member
Presentation

The Transformation of Malaysia’s Public Transportation

SPAD is the government authority that draws up policies, plans, and regulates all aspects of land public transportation, which includes rail, bus, and taxi services, as well as the road and rail-based freight transportation. How is the progress on implementing the National Land Public Transport Master Plan and Greater KL Master Plan? How is the progress in expanding and integrating the urban rail public transportation system? What are the challenges faced in developing the railway network in Malaysia?

Mr. Mohd Azharuddin bin Mat Sah
Chief Executive Officer, Suruhanjaya Pengangkutan Awam Darat

Mr. Mohd Azharuddin bin Mat Sah is the Chief Executive Officer of Suruhanjaya Pengangkutan Awam Darat (SPAD). Prior to this, Azharuddin held various positions in notable local organisations and multinational corporations namely: Performance Management and Delivery Unit (PEMANDU), Microsoft, Khazanah Nasional and Royal Dutch Shell. His career experience focuses on transformation and programme management in large-scale government initiatives, strategic planning, and implementation of best practices.

Prior to serving the Commission, he held the position of Director, Greater KL/Klang Valley and Urban Public Transport at PEMANDU’s, Prime Minister's Department.

Azharuddin obtained his Economics and Law degree from the University of Kent, England.

Breakout Session Speaker
Breakout Session

Oil and Gas: What Lies Ahead?


Ir. Dr. Mohd. Shahreen Zainooreen Madros
Executive Director, Malaysia Petroleum Resources Corporation

Ir. Dr. Shahreen Zainooreen Madros has over twenty five years of working experience in the oil and gas industry. He joined Esso Production Malaysia Inc (EPMI) in the Development Project Division after his doctorate, where he was involved in various phases of offshore project development, offshore soil investigations as well as technical selection of marginal field concepts. During his tenure, Dr. Shahreen was also assigned to Exxon Production Research Company in Houston, Texas, for two and a half years and was involved in international research and development activities. Dr. Shahreen also worked with a number of local and international oil and gas MNCs after leaving EPMI in 1998.

Dr. Shahreen joined PEMANDU in January 2011, and played a key role in setting up the Malaysia Petroleum Resources Corporation (MPRC), an agency in the Prime Minister’s department.

Dr. Shahreen graduated with First Class Honours from the University of London and doctorate degree in Engineering from the University of Cambridge.

Disclaimer: Comments & recommendations highlighted in the seminar rely on the individual opinions of the ones providing the comments & recommendations. These opinions may not fit to your financial status, risk & return preferences & hence an independent evaluation is essential. Investors are advised to independently evaluate particular investments and strategies & to seek independent financial, legal & other advice on the information and/or opinion contained in the seminar before investing & participating in any of the securities or investment strategies & transactions.