DBS Bank

Broker's Calls

Which bank will be hardest hit in the event of Ezra’s liquidation?

SINGAPORE (Feb 3): CIMB Research remains “underweight” on Singapore banks given that asset quality concerns still loom, especially since Ezra Holdings today announced the possibility of a US$170 million ($240 million) writedown.

Daiwa's strategy for 2017

Singapore banks are scoring straight ‘buy' calls across the board

SINGAPORE (Jan 27): Daiwa Capital Markets is keeping a positive stance on all three of Singapore’s main banks in the near term as it anticipates their earnings per share (EPS) recovery for 2017-18E, driven by the stabilisation of credit costs and modest

Broker's Calls

Singapore banks poised to weather continued headwinds in 2017

SINGAPORE (Jan 17): Moody's Investors Service says Singapore’s three largest banks are poised to weather further weakening in asset quality and continued downward pressure on profitability in 2017.

RHB strategy for 2017

As SIBOR rises, so do the earnings of this bank stock

SINGAPORE (Jan 9): RHB expects DBS’ share price performance, which was already strong since the US presidential election results, to surge even further from higher Singapore interest rates in the near-term.

CIMB Looks Ahead

Banks remain ‘underweight’ on asset quality pressures but could improve in 2H17

SINGAPORE (Dec 8): Asset quality pressures remain for Singapore banks in 2017 even as share prices have climbed on the back of the higher Singapore Interbank Offered Rate (SIBOR) and Swap Offer Rate (SOR) post-Trump’s victory, says CIMB.

Fintech

China now the undisputed global leader in fintech

SINGAPORE (Dec 5): Step aside, Silicon Valley, New York, and London. The Asian dragon has awoken, and it is claiming its place on the financial technology (fintech) throne.

Results

EC World REIT reports DPU of 0.991 cents in maiden results, 2.5% shy of forecasts

SINGAPORE (Oct 28): EC World Asset Management, the manager of newly-listed EC World REIT, announced a distribution per unit (DPU) of 0.991 cents for its first reporting period from Jul 28 to Sept 30 – 2.5% under the forecast 1.016 cents due to a shortfa

Singtel issues US$500 mil 10-year notes with 2.375% p.a. coupon

SINGAPORE (Sept 27): Singapore Telecommunications says subsidiary Singtel Group Treasury (SGT) on Monday issued US$500 million ($680 million) worth of 10-year notes, guaranteed by Singtel.

Broker's Calls

Old is gold for Perennial with acquisition in China

SINGAPORE (Sept 14): DBS Bank is keeping Perennial Real Estate Holdings on “buy” with a target price of $1.32.
Tok Geok Peng, Executive Director of Secured Lending, Consumer Banking Group (Singapore), DBS Bank

Quote of the day

Refinancing 'more efficient' with TDSR fine-tuning

For someone who already has a mortgage, the monthly repayment usually forms a large part of their household expense; thus we believe this fine-tuning move will give them peace of mind as it helps them better manage their mortgage loan repayment regardless
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