Analysts expect brighter outlook even as exports fall for ninth consecutive month in November

18 Dec 2019 - The Edge Markets
SINGAPORE (Dec 18): Singapore’s non-oil domestic exports (NODX) contracted 5.9% year-on-year contraction in November – marking the ninth consecutive month of decline. But analysts are quick to highlight that it is not all doom and gloom for the city state’s economy. UOB Group analyst Barnabas Gan notes ...
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Wealth and retail drive 60% of Singapore banks' fee income

18 Dec 2019 - Singapore Business Review
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years. Almost 60% of Singapore banks’ fee income in the first nine months of 2019 originated from wealth and retail segments, according to a report by Maybank Kim Eng. “Ten years ago, trading and investment securities contributed over half ...
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Singapore shares drop 0.2% on Tuesday, bucking regional uptrend

17 Dec 2019 - The Business Times
ASIAN benchmarks - the exception being Singapore's Straits Times Index (STI) - picked up where Wall Street's rally left off after a US-China interim trade deal was confirmed last Friday. Equity markets are also being lifted by better-than-expected Chinese factory and retail sales data, suggesting the ...
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Fortune Times Names Mr Vito Xu Rongcan, Chairman of SAMPL, Manager of SGX-Listed Sasseur REIT, as Asia's Top Entrepreneur for 2019

12 Dec 2019 - ACN Newswire
Fortune Times has named Mr. Vito Xu Rongcan, Chairman of Sasseur Asset Management Pte. Ltd. ("SAMPL"), as Asia's Top Entrepreneur 2019. SAMPL is the manager of Singapore Exchange ("SGX") Mainboard-listed Sasseur Real Estate Investment Trust ("Sasseur REIT"), the first outlet mall REIT listed in Asia.From ...
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Daily Briefing: Maybank Kim Eng cuts 5% of Singapore staff; Beauty salon booking platform Vaniday shuts down

11 Dec 2019 - Singapore Business Review
And bridal studio Beautiful Love Wedding suddenly closed. From CNA: Maybank Kim Eng, the investment banking arm of Malaysian lender Maybank, has cut about 5% of its Singapore workforce as part of a "comprehensive restructuring" of its operating model. In all, 3% of its total workforce will be affected ...
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Hoi Hup Realty secures $332.5m green loan to develop Andaz Hotel

9 Dec 2019 - Singapore Business Review
The loan will go into strengthening the hotel’s energy-saving practices. Property developer Hoi Hup Realty has secured a $332.5m green club loan, through its subsidiary Ophir-Rochor Hotel, to partially finance the acquisition of its luxury hotel, Andaz Singapore. This follows the acquisition of Andaz ...
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One less overhang for Singtel as telco sees lift from Bharti Airtel fees: Maybank

4 Dec 2019 - The Edge Markets
SINGAPORE (Dec 4): Maybank Kim Eng Research is raising its target price for Singapore Telecommunications by 8% to $3.72, after its Indian associate Bharti Airtel announced tariff increases. “A return of pricing power to India’s market is a key positive for one of Singtel’s major businesses,” says analyst ...
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Broker's take: DBS initiates coverage on AEM with 'buy', S$2.38 target price

29 Nov 2019 - The Business Times
DBS Group Research has initiated coverage on AEM Holdings, which provides advanced chip testing solutions, with a "buy" call, and a 12-month price target of S$2.38. This target price represents a 39 per cent upside from the counter's close of S$1.71 on Nov 28. AEM is believed to the sole supplier of ...
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Inflation levels ease in October, expected to stay muted in 2020

27 Nov 2019 - The Edge Markets
SINGAPORE (Nov 26): Singapore’s headline and core inflation eased in October, contrary to economists’ expectations that they would hold steady. Headline inflation – the measure of the total inflation in the economy – came in at 0.4%, down from the 0.5% recorded in September, according to the consumer ...
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Singapore aviation services poised to continue to soar: Maybank

26 Nov 2019 - The Edge Markets
SINGAPORE (Nov 26): Maybank Kim Eng Research is positive on the Singapore aviation services sector for 2020, with a pick up in the number of events in 2020 expected to fuel the sector’s continued outperformance. The sector has survived the turbulent year so far, marked by weak 1H2019 visitor arrivals, ...
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