finance

Broker's Calls

Why DBS remains Deutsche’s top sector pick despite downgrade

SINGAPORE (Aug 23): Deutsche Bank says DBS Group Holdings remains its top pick within the Singapore banks sector, even after recently downgrading the stock to “hold” based on valuations following the bank’s recent run-up in share price post 2Q17 res

Results

IFS Capital 2Q earnings tumble 81% to $0.1 mil on higher net claims incurred

SINGAPORE (Aug 14): IFS Capital today announced 2Q17 earnings of $95,000, representing a 81.1% decline from the $0.5 million it posted in 2Q16 on higher net claims incurred (NCI) in its insurance business.

Broker's Calls

Singapore’s banks are back on track with improved business sentiment

SINGAPORE (Aug 10): UOB Kay Hian is maintaining “overweight” on Singapore’s banking sector with DBS and Oversea-Chinese Banking Corporation (OCBC) as its top “buy” picks with target price estimates of $24.85 and $13.38 respectively.

Global Economy

China needs to act on $45 trillion of credit, says analyst

HONG KONG (Aug 3): China has made progress in slowing leverage in the economy, but still needs to do more with the total amount of financing expected to rise 13% this year, according to Autonomous Research analyst Charlene Chu.

Fintech

DBS launches new online service for SMEs with Xero tie-up

SINGAPORE (Aug 1): DBS has partnered New Zealand cloud accounting platform Xero to launch an API-driven bank feed integration service with the aim of providing the bank’s small medium enterprise (SME) customers a better grasp of their cash flow with

Indonesian bank to ‘swim with Singapore sharks’: Bloomberg Businessweek

(July 14): Why would a contented crocodile venture beyond its backyard pool to swim with sharks?

Investing strategies

There’s no better time than now to buy into US banks. Here’s why

SINGAPORE (June 30): The Bank of Singapore (BoS), a subsidiary of Oversea-Chinese Banking Corporation (OCBC), remains “overweight” on the US financial sector due to the potential de-regulation for US banks as well as their prospects for higher-than-ex

Broker's Calls

Strong 1Q mortgage loan applications data signals upside for these two Singapore banks

SINGAPORE (June 28): RHB is maintaining its “neutral” stance on Singapore’s banking sector as Credit Bureau Singapore (CBS) data reflected a 20% q-o-q increase in 1Q17 loan applications, which the research house says is a positive for Singapore bank

Sector Focus

Asia Pacific's banks are missing out on this business growth opportunity

SINGAPORE (June 22): Banks across Asia Pacific are missing out on a “significant economic, social and business imperative”: the ability to accurately assess customers’ credit risk, according to Silicon Valley analytics firm FICO.

China Focus

British bankers find it much harder to land a Hong Kong job

HONG KONG (June 16): Andrew Sullivan remembers the days when a young Brit could hustle his way into a job in Hong Kong finance. He ought to know: He did it.
×