Overseas lending, particularly business loans, is a key variable in determining whether Singapore banks’ NPLs tick higher, Maybank KimEng said.
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.
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.
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 said Wednesday it has received a S$250 million loan based on the U.N. Sustainable Development Goals (SDG) from DBS.
These are Singapore companies which may be in focus on Monday, 2 September 2019: DBS, Frasers Property, Ascott Residence Trust and CRCT.
These are Singapore companies which announced share buybacks on Monday, 26 August 2019: DBS, Yangzijiang, SPH, Stamford Land and Maxi-Cash.
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.
These are analyst calls after DBS reported Monday its second quarter net profit jumped 20 percent on-year, beating expectations.
RHB downgraded DBS to Neutral from Buy on expectations the bank’s net interest margin (NIM) likely hit its peak in the second quarter.
Maybank KimEng downgraded DBS to Hold from Buy, citing increased uncertainty from slower economic growth, potential rate cuts and “souring asset quality.”
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.
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 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 said Wednesday it signed a sustainability-linked export financing loan with PT Sumatera Timberindo Industry (STI), a wooden-door maker.
Singapore banks are seeing rising credit demand from trade-related sectors, suggesting Southeast Asia is benefiting from the trade war, Maybank KE said Monday.
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.
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 said Friday it agreed to provide Semcorp Marine with a loan of S$2 billion to strengthen the rig builder’s financial position.
OCBC upgraded DBS to Buy after the stock’s recent drop, and pointed to reasons concerns over potential interest rate cuts may be overdone.
Singapore banks have increased their share buybacks even as their stocks have dropped, signaling emerging value, Maybank KimEng said Friday.
These are Singapore companies which announced share buybacks on Monday, 3 June 2019: DBS, OCBC, Olam, JUMBO, Keppel REIT and Straits Trading.
Singapore’s banks has strong fundamentals, but they will face credit vulnerabilities ahead, but Moody’s Investors Service said in a note last week.
These are Singapore companies which announced share buybacks on Thursday, 30 May 2019: DBS, OCBC, China Sunsine Chemical and Straits Trading.
These are Singapore companies which announced share buybacks on Wednesday, 29 May 2019: Jardine Strategic, DBS, OCBC, Koufu and China Sunsine.
These are Singapore companies which announced share buybacks on Thursday, 23 May 2019: DBS, OCBC, Japfa and China Sunsine Chemical.
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 downgraded Singapore’s bank sector to Neutral from Overweight, on expectations of “harder days ahead” for UOB, OCBC and DBS.