The Week In Numbers: DBS Surprises The Market

12 Aug 2016 - The Motley Fool Singapore
With the market fretting over the oil and gas sector, not many had expected anything positive when Singapore’s biggest lender, DBS Group (SGX: D05), opened its books. But it wasn’t that bad at all. The bank said net profit for the second quarter fell 6% to S$1.06 billion. It also said the non-performing ...
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Stronger local currency squeezes Singapore banks' NIMs in 2Q16

11 Aug 2016 - Singapore Business Review
Average net interest margin was at 1.74%. The three Singapore bank giants have registered an average net interest margin (NIM) of 1.74% this second quarter, a partial dip from the recorded 1.79% the previous quarter. The NIM is a measure of profitability which computes the difference between the interest ...
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UOB is the sore loser in Singapore banks’ bad loans tally

10 Aug 2016 - Singapore Business Review
O&G troubles pulled non-performing loan ratio to new highs. Over the last two weeks, the three banking big-leagues, UOB, DBS and OCBC, have reported a higher non-performing loan (NPL) average ratio of 1.2% for 2Q16. In a report, Moody's Investors Service noted that OCBC and UOB's NPLs have risen to new ...
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Will the O&G market's increasing turbulence capsize Singapore banks’ credit profiles?

10 Aug 2016 - Singapore Business Review
Loss-absorption buffers have never been more vital. Despite the shake-up that came on the heels of Swiber’s liquidation-turned-judicial-management fiasco, Singapore banks’ credit profiles are expected to stay resilient. According to a report by Fitch Ratings, Singapore’s banking heavyweights DBS, OCBC, ...
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Here’s why you can forget an income rebound for DBS in H2

10 Aug 2016 - Singapore Business Review
For starters, Swiber will likely have a contagion impact. DBS’ net earnings in H2 will likely drop compared to H1, as analysts expect fee income to fall and provisions for Swiberlinked associates to grow. According to a report by CIMB, DBS kept loan growth at mid single-digit for FY16, with net interest ...
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Daily Briefing: Aberdeen sniffs bargain amid local banks’ debt panic; More oil bond defaults haunt Singapore

10 Aug 2016 - Singapore Business Review
And Singapore balks on Lockheed’s jets sale. The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd. lost S$3.6 billion ($2.7 billion) in market value in seven days from ...
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DBS’ bad debts for transport sector creep up to 2.1% in 2Q16

9 Aug 2016 - Singapore Business Review
Analysts are worried if DBS’ provisions are enough to offset this. Still bearing an unrelenting drag from its Swiber exposure, DBS Group Holdings’ bad debts for the transport sector inched up to 2.1% against 1.1% last quarter. Maybank Kim Eng revealed that this includes non-performing loans from O&G ...
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Daily Briefing: Final decision on Lockheed's F-35 jets on hold; DBS caught in deep financial web

9 Aug 2016 - Singapore Business Review
And here are the 7 most unique Singaporean landmarks. Bloomberg reported that Singapore has put on hold a decision to buy as many as 12 of Lockheed Martin Corp.’s F-35 jets, according to information from the Pentagon’s program office. Read more here. With a market value of S$50 million ($37 million), ...
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3 Things You Need To Know About the Singapore Stock Market Today

8 Aug 2016 - The Motley Fool Singapore
Welcome to Monday evening! Here are three things about Singapore’s stock market and investing in general that you might want to look at today and over the rest of the week. 1. We’re still in the midst of the earnings season! Here’s the latest coverage from my colleagues: Frasers Centrepoint Ltd (SGX: ...
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DBS Group Holdings Ltd’s Latest Earnings: “Well Prepared” for the Challenges Ahead, Says CEO

8 Aug 2016 - The Motley Fool Singapore
DBS Group Holdings Ltd (SGX: D05) reported its second-quarter earnings this morning. The reporting period was for 1 April 2016 to 30 June 2016. As a quick background, DBS is one of the three major banks based out of Singapore along with Oversea-Chinese Banking Corp Limited (SGX: O39) and United Overseas ...
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