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CIMB Singapore scraps mortgage loan hike following customer backlash

4 Jun 2020 - Singapore Business Review
CEO Victor Lee expressed his apology to affected customers. CIMB Singapore announced that it will retain the floor rate of its existing customer mortgage loans tied to the SIBOR/SOR rate at 0.1%. In a statement, chief executive officer Victor Lee said that the market’s cost of deposits has fallen, which ...
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Restructuring inches closer for Sembcorp Industries: analysts

20 May 2020 - Singapore Business Review
SCI’s Indian arm is most likely to face losses. An overhaul may just be on the horizon for Sembcorp Industries (SCI), warns analysts, as the company expects energy operations to continue being slammed by a double whammy of falling demand and shrinking prices throughout 2020. This comes after SCI saw ...
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CIMB Singapore plays by its strengths as neobanks loom

11 Mar 2020 - Singapore Business Review
The bank is gearing up its tech and customer-employee experience amidst an increasingly tech-centered industry. With the Monetary Authority of Singapore handing out five neobank licenses by June, and with banks’ amping up their digitalisation initiatives to keep up with the increasingly tech-centered ...
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Broker's take: CGS-CIMB upgrades UMS to 'add', raises target price to S$1.08

26 Feb 2020 - The Business Times
CGS-CIMB has upgraded UMS Holdings to "add" and raised its target price to S$1.08 from S$0.96, after revising revenue forecasts upwards for the precision engineering firm. Shares in UMS were up 0.5 Singapore cent or 0.5 per cent to S$0.97 at 10.35am on Wednesday. On Monday, UMS posted a 4 per cent dip ...
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Brokers' take: Analysts cut target prices for DBS on expectations of weaker FY20

14 Feb 2020 - The Business Times
ANALYSTS this week lowered their price targets on DBS Group, which may signal similar cuts in target prices for Singapore's other two banks after they report financial results next week. DBS on Thursday said it expects a 1-2 per cent dip in revenue this year amid the novel coronavirus (Covid-19) outbreak. ...
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Stocks to watch: AA Reit, First Sponsor, Procurri, ThaiBev, Yoma, Hatten Land, ISEC Healthcare

25 Nov 2019 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Monday: AIMS Apac Reit (AA Reit): AA Reit and its joint venture partner, Stockland, have inked a new 12-year lease agreement with the existing master tenant of their Optus Centre property, Optus. Optus is AA Reit's ...
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Analysts less negative about Singapore's July-Sept earnings

25 Nov 2019 - The Business Times
Singapore DESPITE blue-chip counter Singtel posting its unprecedented quarterly loss, analysts were less negative about the general financial performance of Singapore-listed companies for the recent quarter. As at Nov 14, a total of 443 companies listed in Singapore had released their financial results ...
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Thumbs up from property developers for CIMB's One-Minute Home Financing

6 Mar 2018 - The Star Online
KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd's “One-Minute Home Financing” – which is part of CIMB’s InstaApproval platform – has received strong support from the country's top property developers. The facility enables a faster, secure, paperless and hassle-free home ownership journey via an ...
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