Home Capital Broker's Calls

Property market revival augurs well for banking stocks

PC Lee
PC Lee7/17/2017 12:27 PM GMT+08  • 2 min read
Property market revival augurs well for banking stocks
SINGAPORE (July 17): UOB KayHian is maintaining its “neutral” rating on Singapore banks stocks which are currently trading at about 1.1 to 1.2x forward P/BV or slightly below the historical average.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 17): UOB KayHian is maintaining its “neutral” rating on Singapore banks stocks which are currently trading at about 1.1 to 1.2x forward P/BV or slightly below the historical average.

Housing loans represent 31% of the system’s domestic banking unit (DBU) loans. Following the implementation of cooling measures since 2009-2013, mortgage growth has slowed from 16% y-o-y at end 2012 to 4% y-o-y now.

In a Monday report, analyst Ng Li Hiang says recent buoyancy in the Singapore property market augurs well for housing loans.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.