Bloomberg Intelligence

Property

Singapore’s home prices could remain ‘flattish’; rents may drop by 5% - 10% in 2024: Bloomberg Intelligence

Office rental rates could also remain flattish in 2024, with some downside risks in 2H2024, says analyst Ken Foong.

Broker's Calls

Singapore banks could issue capital securities to optimise their capital structure: Bloomberg Intelligence

The banks may collectively need to issue US$7 billion in AT1s and US$6 billion in T2s by 2025.

Broker's Calls

Analysts keep ‘buy’ and ‘hold’ calls on UOB after 1QFY2024 earnings exceed expectations

Analysts from Maybank, OCBC and RHB have increased their target price estimates.

Broker's Calls

OCBC’s spike in new non-performing assets shows modest stress ahead: Bloomberg Intelligence

In 1QFY2024, OCBC's new non-performing assets (NPA) formation of $239 million outpaced its 2023 average of $140 million.
Singapore banks may prioritise funding-cost strategy as rates fall, says Bloomberg Intelligence - THE EDGE SINGAPORE

Broker's Calls

Singapore banks may prioritise funding-cost strategy as rates fall, says Bloomberg Intelligence

Banks are already starting to cut their interest rates; UOB and Standard Chartered have introduced new rates effective May 1.

Broker's Calls

Singapore banks’ overall property loan portfolios could remain ‘solid’ in 2024: Bloomberg Intelligence

In a separate note, analyst Rena Kwok writes that Singapore banks face low liquidity risks in 2024.
Singapore banks' asset quality 'may not fall out of favour' in 2024: Bloomberg Intelligence - THE EDGE SINGAPORE

Broker's Calls

Singapore banks' asset quality 'may not fall out of favour' in 2024: Bloomberg Intelligence

Singapore's three banks could see higher levels of non-performing loans and credit costs in 2024 amid macroeconomic risks.

Broker's Calls

Singapore's SMEs may pose some threat to local banks: Bloomberg Intelligence

OCBC's weaker-than-peer credit quality in SME loans — 9% of its total — puts it at higher risk.

Broker's Calls

Banks, consumer firms, telcos, REITs to benefit from Budget, but corporate tax drags on MNCs: Bloomberg Intelligence

Analyst Catherine Lim names DFI, Jardine Cycle & Carriage, Keppel DC REIT, Suntec REIT as those to benefit from Budget 2024.
The not-so-secret pet economy - THE EDGE SINGAPORE

Pet economy

The not-so-secret pet economy

The cat’s out of the bag: VCs and savvy investors have uncovered the next booming market - the business of pampering pets.
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