Singapore banks

SINGAPORE (Sept 7): Maybank Kim Eng on Wednesday warned against falling into the “value trap” presented by Singapore banks, which are trading at or below book value.

SINGAPORE (Aug 31): Singapore banks are strong enough to withstand a downturn in the city-state's property market as severe as the 45% plunge in private-home prices triggered by the 1997-1998 Asian financial crisis, says Fitch ratings agency.

SINGAPORE (Aug 30): UOB Kay Hian on Tuesday maintained its “overweight” rating on Singapore banks, but says banks here are “not out of the woods yet”.

SINGAPORE (Aug 18): Maybank Kim Eng is maintaining its negative rating on the Singapore banking sector, amid concerns over potential defaults and non-performing loans from highly leveraged oil & gas (O&G) support services companies.

SINGAPORE (Aug 10): Singapore’s banks are in for a rough time, says Morgan Stanley.

SINGAPORE (July 26): Earnings reports due soon from Singapore’s largest banks may show their second-quarter profits were crimped by higher buffers for soured loans and a faltering rally in domestic interest rates.