Credit Suisse

Asia Pacific sees 7% decline in 1H17 M&A value on tighter Chinese outbound regulations

SINGAPORE (July 6): Asia Pacific ex-Japan has recorded 1,585 merger and acquisition (M&A) deals valued at US$272.9 billion ($377.5 billion) in 1H17 – down 7% by deal value compared to US$293.5 billion across 1,724 deals in the same period a year ago.

IPO

HRnetGroup launches $174.1 mil IPO at 90 cents per share

SINGAPORE (June 8): Local recruitment firm HRnetGroup has lodged a prospectus for an initial public offering (IPO) to raise $174.1 million for 193.4 million shares, at an offer price of 90 cents per share.

Broker's Calls

Upside surprise for banks on rising rates, improved asset quality: Credit Suisse

SINGAPORE (May 17): Credit Suisse has picked DBS Bank as its top buy, expecting it to benefit comparatively more from rising US rates than its peers while potential improvements in asset quality trends could provide further upside to earnings.

Credit Suisse probe puts Swiss authorities on back foot again

GENEVA/ZURICH (April 4): The latest probe into Credit Suisse Group AG is a blow, not just for the firm but also for the Swiss attorney-general, who didn’t know some of the bank’s offices were going to be raided. This week, Swiss authorities are ba

Global Markets

Putting all our eggs in China's basket was a mistake: UBS

HONG KONG (March 29): UBS Group AG, which built an Asian investment-banking powerhouse around the strength of its China business, is finding that excessive reliance on one single market can be a bad thing.

Broker's Calls

Credit Suisse says Singapore banks poised to deliver better profitability but which is its top pick?

SINGAPORE (Feb 23): Credit Suisse says UOB is its top pick as the bank offers the appeal of positive leverage to rising US rates while providing earnings assurance should there be further asset quality weakness in oil and gas sector loans.

Broker's Calls

Credit Suisse unmoved by Wilmar’s 4Q beat

SINGAPORE (Feb 21): Credit Suisse is maintaining its “neutral” call on Wilmar International despite expecting strong 1Q17 results as there appears to be little earnings visibility going forward.

Broker's Calls

This engineering company’s new contracts in 4Q were a record high

SINGAPORE (Jan 19): ST Engineering’s aerospace and electronics business segments had jointly reported a record high in new contracts for 4Q16 of $1.54 billion. This came on top of the $138 million in new contracts from the marine segment.
Wall Street Traders

Global Markets

Wall Street extends rally but Germany truck deaths reduce gains

(Dec 20): Wall Street extended a recent rally on Monday but finished the session short of earlier highs after several people were killed by a truck driven into a Christmas market in Germany.

Broker's Calls

Which developer stands to benefit from improving residential property sentiment?

SINGAPORE (Dec 8): The resurgence in volume growth and residential sentiment in the recent quarters is leading Credit Suisse to believe that these are an important first step towards a sustainable recovery in Singapore’s property sector.
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