Broker's take: Stake sale in Great Eastern's Malaysia ops may unlock 'small value' for OCBC shareholders

20 Sep 2017 - Business Times Breaking News
THE potential sale of a stake in Great Eastern's Malaysian operations may present some "small value" for OCBC shareholders, a DBS Group research report said on Wednesday.The broker call comes amid reports that Great Eastern is planning to selloff a stake in its Malaysian operations for US$1 billion, ...
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Shares in Hong Kong and Singapore banks draw investor interest as prospects improve

17 Sep 2017 - South China Morning Post
Investor interest in Hong Kong and Singapore bank shares has revived thanks to better fundamentals for the sector as well as improving fortunes at a number of individual banks, but analysts said caution was necessary as there may be limited room for further rises. Hong Kong’s two largest banks, HSBC ...
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Singapore stocks finish lower after North Korean missile test

15 Sep 2017 - Business Times Breaking News
THE week just past will probably be remembered for the sudden downgrade of the three local banks, the return of geopolitical tensions after North Korea launched a missile over Japan on Friday and weak economic numbers from China.On Friday, selling of the three banks meant that the Straits Times Index ...
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Singapore banks shine in 'World's Safest Banks 2017' rankings

14 Sep 2017 - Business Times Breaking News
SINGAPORE banks DBS, OCBC and UOB shone once again in trade publication Global Finance's "The World's 50 Safest Banks 2017" rankings.DBS Bank took 11th position, OCBC 13th and UOB 14th. They took the first three positions of Asia rankings in that order.As the "Safest Bank in Asia", DBS will be invited ...
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Brokers' Take: OCBC Investment Research issues 'buy' call on DBS Group

14 Sep 2017 - Business Times Breaking News
OCBC Investment Research on Thursday upgraded its call on DBS Group Holdings to a "buy" rating, while maintaining its fair value estimate at S$22.50. The broker noted that DBS's share price had fallen from a two-month high of S$22.25 to a low of S$20.38 on Wednesday, translating to a decline of 8.4 per ...
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DBS, OCBC, UOB named top three safest banks in Asia

14 Sep 2017 - Singapore Business Review
DBS ranked 11th worldwide. Global Finance named three Singapore banks DBS, OCBC, and UOB as the safest in Asia. According to the magazine, DBS ranked 11th worldwide, whilst OCBC and UOB ranked 13th and 14th. "Asia has been one of the strongest regions globally in the past year while other parts of the ...
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Three things that could drive Singapore banks' higher ROEs

5 Sep 2017 - Singapore Business Review
Analysts see earnings visibility ahead for Singapore banks. OCBC and UOB’s performance improved whilst DBS posted in the first half of 2017. However, analysts at Maybank Kim Eng forecast that Singapore banks' ROEs will either remain at current levels or trend higher into FY18-19E. "We see earnings visibility ...
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Bank of Singapore growing fast thanks to Hong Kong

4 Sep 2017 - South China Morning Post
The Bank of Singapore, the private banking arm of OCBC, has experienced rapid growth by aggressively expanding its presence in Hong Kong and other cities in Greater China. “Greater China has been the main driver of our growth,” the bank’s chief executive, Bahren Shaari said. Bank of Singapore had US$89 ...
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Why Singapore banks will still be laden with O&G woes

31 Aug 2017 - Singapore Business Review
Every 10bps increase in credit cost estimate will cause a 7% cut in net profits. Singapore banks have ~1-3% of loan exposure to the O&G support services sector. Maybank Kim Eng notes that lending to this sector is on a downtrend, reflecting banks’ reduced risk appetite. The NPL ratio for support services ...
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Singapore stocks finish mixed as banks push STI higher

28 Aug 2017 - Business Times Breaking News
TRADING in the local stock market got off to a quiet start this week, with gains in the three banks pushing the Straits Times Index (STI) up 8.05 points to 3,267.62. However, the session was more mixed than the index might suggest, as sentiment was dampened by weakness in the Dow futures and a soft opening ...
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