Maybank KimEng: What matters most for Singapore banks’ non-performing loans
Overseas lending, particularly business loans, is a key variable in determining whether Singapore banks’ NPLs tick higher, Maybank KimEng said.
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UPDATE: Singapore stocks to watch Thursday: SGX, HKEx, Sembcorp, Keppel DC REIT, Sunpower, Synagie
These are Singapore companies and news which may be in focus on Thursday, 12 September 2019: HKEx, SGX, Keppel DC REIT, Sunpower Group and Synagie.
RHB: DBS earnings to face squeeze if Fed cuts rates again
DBS’s NIM is set to narrow in the quarters ahead, pinching earnings, as the Fed appears set to cut rates at least once more, RHB said in a note Friday.
UPDATE: Singapore stocks to watch Friday: Mapletree Commercial, HPHT, DBS, Keppel-KBS US REIT
These are Singapore companies which may be in focus on Friday, 6 September 2019: Mapletree Commercial Trust, HPHT, DBS and Keppel-KBS US REIT.
City Developments obtains S$250 million sustainable development loan from DBS
City Developments said Wednesday it has received a S$250 million loan based on the U.N. Sustainable Development Goals (SDG) from DBS.
UPDATE: Singapore stocks to watch Monday: DBS, Keppel, SembMarine, BreadTalk, Frasers Property
These are Singapore companies which may be in focus on Monday, 2 September 2019: DBS, Frasers Property, Ascott Residence Trust and CRCT.
Singapore share buybacks Monday: DBS, SPH, Yangzijiang, Maxi-Cash, Stamford Land
These are Singapore companies which announced share buybacks on Monday, 26 August 2019: DBS, Yangzijiang, SPH, Stamford Land and Maxi-Cash.
OCBC and UOB: Can Singapore banks pull a net interest margin trifecta?
DBS topped profit forecasts after its net interest margin rose more than forecast, but it isn’t clear if OCBC and UOB can match the performance.
Analyst briefings: DBS 2Q19 earnings
These are analyst calls after DBS reported Monday its second quarter net profit jumped 20 percent on-year, beating expectations.
RHB downgrades DBS on expectations net interest margins hit their peak
RHB downgraded DBS to Neutral from Buy on expectations the bank’s net interest margin (NIM) likely hit its peak in the second quarter.
DBS downgraded by Maybank KimEng on macro headwinds
Maybank KimEng downgraded DBS to Hold from Buy, citing increased uncertainty from slower economic growth, potential rate cuts and “souring asset quality.”
DBS: This is how much a Fed rate cut could hit earnings
The U.S. Federal Reserve may be set to cut rates ahead, but DBS CEO Gupta was sanguine on the earnings impact for the bank.
UPDATE: DBS reports 2Q19 net profit jumped 20 percent, beating forecasts
DBS reported its second quarter net profit Monday jumped 20 percent on-year to S$1.60 billion on corporate loan growth, a higher NIM and record fee income.
DBS: Will 2Q19 be as good as it gets?
DBS is expected to report its 2Q19 earnings grew on-year, but analysts expect the quarter may mark the peak for the bank’s net interest margin.
DBS Bank Indonesia inks sustainability-tied loan with Indonesian wooden door maker
DBS Bank Indonesia said Wednesday it signed a sustainability-linked export financing loan with PT Sumatera Timberindo Industry (STI), a wooden-door maker.
Maybank KE: Singapore banks may benefit from trade war fallout
Singapore banks are seeing rising credit demand from trade-related sectors, suggesting Southeast Asia is benefiting from the trade war, Maybank KE said Monday.
DBS: This is who will benefit from new digital banking licences
Small-to-medium sized enterprises (SMEs) are likely to benefit from Singapore’s move to allow digital banks into the market, DBS said in a note Monday.
Singapore central bank to issue up to five new digital bank licences
The Monetary Authority of Singapore said Friday it would issue up to five new digital bank licences, opening the banking sector to non-bank players.
Sembcorp Industries to provide S$2 billion loan to Sembcorp Marine
Sembcorp Industries said Friday it agreed to provide Semcorp Marine with a loan of S$2 billion to strengthen the rig builder’s financial position.
DBS upgraded to Buy by OCBC after stock’s recent correction
OCBC upgraded DBS to Buy after the stock’s recent drop, and pointed to reasons concerns over potential interest rate cuts may be overdone.
Maybank KE: Singapore banks’ share buybacks signal value is emerging
Singapore banks have increased their share buybacks even as their stocks have dropped, signaling emerging value, Maybank KimEng said Friday.
Singapore share buybacks Monday: DBS, OCBC, Olam, JUMBO, Keppel REIT
These are Singapore companies which announced share buybacks on Monday, 3 June 2019: DBS, OCBC, Olam, JUMBO, Keppel REIT and Straits Trading.
Moody’s points to potential credit quality concerns for Singapore’s banks
Singapore’s banks has strong fundamentals, but they will face credit vulnerabilities ahead, but Moody’s Investors Service said in a note last week.
Singapore share buybacks Thursday: DBS, OCBC, China Sunsine Chemical, Straits Trading
These are Singapore companies which announced share buybacks on Thursday, 30 May 2019: DBS, OCBC, China Sunsine Chemical and Straits Trading.
Singapore share buybacks Wednesday: DBS, OCBC, Koufu, China Sunsine, Straits Trading
These are Singapore companies which announced share buybacks on Wednesday, 29 May 2019: Jardine Strategic, DBS, OCBC, Koufu and China Sunsine.
Singapore share buybacks Thursday: DBS, OCBC, Japfa, China Sunsine
These are Singapore companies which announced share buybacks on Thursday, 23 May 2019: DBS, OCBC, Japfa and China Sunsine Chemical.
DBS downgraded by CGS-CIMB amid trade war concerns
CGS-CIMB downgraded DBS to Hold from Add on concerns the U.S. trade war with China could spur capital market choppiness and lower loan growth.
CGS-CIMB downgrades Singapore banks on ‘harder days ahead’
CGS-CIMB downgraded Singapore’s bank sector to Neutral from Overweight, on expectations of “harder days ahead” for UOB, OCBC and DBS.
