Goldman Sachs

Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks - THE EDGE SINGAPORE

Broker's Calls

Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks

The analysts foresee that 2024 will mark an inflection downward for most Asean banks.

1MDB Watch

Goldman sues Malaysia as 1MDB settlement dispute escalates

Executives at the Wall Street firm have grown increasingly frustrated with the country’s demands to redo its existing 2020 pact.

1MDB Watch

Roger Ng gets prison delay to assist in Malaysia’s 1MDB probe

Ng, a Malaysian national, was supposed to begin serving his sentence on Oct 6.

Global Economy

Briefs: Fed signals higher-for-longer rates; Goldman raises Brent oil forecast to US$100 as rally builds

Quoteworthy: "Ukrainian soldiers are doing with their blood what the UN Security Council should do by its voting."

Commodities

Goldman raises Brent oil forecast to US$100 as rally builds

Oil’s rally has rekindled talk of the possibility of US$100-a-barrel pricing

Zest

DBS offers better risk-reward with NIM and dividend

Based on the results of the local banks, DBS Group Holdings’ 2QFY2023 ended June results exceeded the expectations of analysts.

Broker's Calls

Analysts from Maybank, UOBKH raise TPs on DBS after 1HFY2023 results

The analysts' target prices range from $35.30 to $44.35.

Broker's Calls

Analysts overall positive on UOB after ‘decent’ 2QFY2023 results

Analysts have mostly kept their "add" or "buy" calls except DBS, which has kept its "hold" call.

Zest

Goldman Sachs is in talks to exit Apple partnership, WSJ says

The bank is in talks with AmEx. to take over the Apple credit card and other services that the companies offer together.
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