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Funds
Temasek-backed venture debt firm InnoVen Capital launches second China fund with target size of US$250 mil
The second China fund’s anchor investors are Temasek’s Seviora, UOB and other local government agencies.
January 26, 2024
Broker's Calls
OCBC’s new AT1 subordinated perpetual notes may have tightening potential: Bloomberg Intelligence
OCBC announced its new perps on Jan 10 while UOB Malaysia announced its debut Islamic debt on Jan 25.
January 25, 2024
Zest
UOB establishes RM5 bil Islamic debt programme in Malaysia
The bank has also successfully priced its debut Islamic debt.
January 25, 2024
Environmental, Social and Governance
Keppel launches Sustainability-Linked Financing Framework; secures credit facilities with DBS and UOB of $500 mil each
The sustainability-linked revolving credit facilities have preferential interest margins tied to Keppel's sustainability targets.
January 23, 2024
Broker's Calls
Singapore banks’ net bond supply could be negative in 2024, thanks to 'low' refinancing needs, 'solid' capital cushions
DBS will be the first to report its results for FY2023, on Feb 7. UOB will follow on Feb 22 and OCBC a week later on Feb 28.
January 22, 2024
Broker's Calls
RHB lowers UOB’s TP to $29.10 as it awaits 4QFY2023 results
The lower target price reflects a lower ESG premium at RHB. UOB will report its 4QFY2023 results on Feb 22.
January 22, 2024
Environmental, Social and Governance
CDL, UOB among 320 organisations that pledge to make nature-related disclosures by FY2025
This “first cohort” of 320 organisations plan to adopt the Taskforce on Nature-related Financial Disclosures' recommendations.
January 16, 2024
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.
January 10, 2024
Zest
PhillipCapital, RHB disagree on forecast for banks' upcoming FY2023 results
RHB is staying “neutral”, while PhillipCapital is staying “buy” on all three banks.
January 09, 2024
Singapore economy
Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty
Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.
January 04, 2024