Noble faces fourth consecutive quarter loss: DBS

9 Aug 2012 - Singapore Business Review
2Q12 profit likely declined up to 35% on dismal revenues and margins. Ahead of 2Q12 earnings results on August 13, DBS predicts earnings for the quarter to have reached US$89-107m or 21-35% lower q-o-q, on the back of seasonally weak Energy and MMO volumes, as well as lower coal and aluminum prices. ...
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Economic slowdown to impact DBS’ loan growth

6 Aug 2012 - Singapore Business Review
Management now expects growth of about 10%, down from 13%, partly due to decelerating trade finance business. OCBC Investment Research noted: 2Q12 earnings were in line with market expectations DBS Group Holdings Ltd posted 2Q12 net earnings of S$810m, slightly above market expectations of S$807m from ...
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DBS profit up 10% to S$810m

3 Aug 2012 - Singapore Business Review
Net profit grew in the second quarter from a year ago as total income rose 6% to S$1.94 billion. DBS Group Holdings said its net interest income increased 10% to S$1.32 billion as loan growth was partially offset by lower net interest margin. Non-interest income meanwhile fell 3% to S$621 million. Fee ...
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Two reasons why DBS hit record profits in 1H12

3 Aug 2012 - Singapore Business Review
Limited asset-quality problems and cost controls overshadowed slower revenue growth. Here's more from CIMB: 2Q12 net profit (S$810m) is within our expectation (S823m) and consensus (S$807m). 1H profit forms 52% of our FY12 forecast. Our estimates, target price (GGM, 1.3x CY12 P/BV) and Outperform rating ...
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DBS most at risk from Euro woes

26 Jul 2012 - Singapore Business Review
Around 30% of its loan book is exposed to SMEs at risk of order cancellations from European clients. In an article from BangKok Post today on SME SMEs that export to Europe asking for loan extensions due to tighter cash flow, affected SMEs indicating orders from Europe have declined by about 20% thus ...
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OCBC to suffer the largest fall compared to DBS and UOB

24 Jul 2012 - Singapore Business Review
That is in terms of the bank's non-interest income as it is expected to slump 35% to S$548m. Here's more from CIMB: OCBC should have the largest sequential decline in earnings, as its trading performance and insurance operations had a very strong 1Q12 that is difficult to repeat. We expect net interest ...
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DBS' net profit to slip 11.8% to S$823m

24 Jul 2012 - Singapore Business Review
Non-interest income may also fall by 13% qoq to S$713. According to CIMB: We expect DBS to report net profit of S$823m (+12% yoy, -11.8% qoq). Net interest income should grow by 2.6% qoq to S$1.38bn. We estimate non-interest income to fall by 13% qoq to S$713m on weaker wealth management and trading ...
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Industrial production to register a meager 2.6% in June: DBS

23 Jul 2012 - Singapore Business Review
But an upside surprise awaits as export sales rose 6.7%. According to DBS: Industrial production index for June is likely to report a 3% YoY expansion. But based on the advance estimates on GDP growth in the second quarter, industrial production for June is expected to register 2.6%. We reckon that there ...
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DBS' bid for Danamon won't be jeopardised by new ownership cap: CIMB

20 Jul 2012 - Singapore Business Review
Indonesia's exemption guidelines spell a higher chance of a DBS-Danamon M&A. According to CIMB: Bank Indonesia has announced a 3-tier cap for the foreign ownership of Indonesian banks. There appears to be scope for higher ownership if an acquiring bank is deemed healthy. DBS’s Danamon acquisition bid ...
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Venture's net profit to slump 19% to S$33.7m: DBS

16 Jul 2012 - Singapore Business Review
Sales are also expected to drop 9% to S$571m in 2Q12. According to DBS, "We expect 2Q12 sales of S$571m (-9% y-oy, -1% q-o-q) and net profit of S$33.7m (-19% y-o-y, -3% qo-q). Overall business was light in 2Q12, extended macro weakness tempered demand in the market place. Despite new product launches, ...
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