Credit Suisse

Swiss regulator raps Credit Suisse for anti-corruption failings

ZURICH (Sept 17): Credit Suisse will be overseen by an independent monitor after failing in its duty to combat corruption in cases linked to soccer body Fifa and Venezuelan and Brazilian state oil companies, Swiss finance industry watchdog Finma said on Monday.

Separately, the Swiss authority determined Credit Suisse also fell short of its obligation to fight money laundering while managing "a significant business relationship for the bank with a politically exposed person", Finma said in a statement.

Why Asian family businesses continue to dominate markets

SINGAPORE (Sept 12): The financial performance of Asia’s family-owned businesses is far superior to their peers in terms of growth and profitability, finds a recent report published by the Credit Suisse Research Institute (CSRI).

According to the Credit Suisse Family 1000 in 2018 report, family-owned businesses outperformed broader equity markets across every region and sector on a long-term basis, be it in terms of revenue growth or EBITDA margins, or cash flow returns and gearing.

Singapore added to Credit Suisse's preferred markets as 'the place to be' for equity investors

SINGAPORE (July 10): Credit Suisse says the Singapore market is the “place to be” for investors given it is trading at favourable valuations, offers a blend of cyclical exposure and is a beneficiary of higher interest rates.

At present, the Singapore market has a 12-month forward P/E ratio of 12.4 times which is below the 10-year average of 13.3 times, thanks to the recent pullback.

“Rising interest rates and higher oil prices are driving a rebound in earnings growth (15% in 2018),” notes Credit Suisse in a media statement on Monday.

GDP more meaningful when paired with other indicators like Happiness Index: Credit Suisse

SINGAPORE (June 4): Rather than ignoring GDP growth or obsessing over it, it is much more meaningful to supplement it with other indicators that will provide a better overall picture and greater insight for policymakers, says a Credit Suisse report.

The report also suggested that the Happiness Index can be used as an alternative to economic output.

Analysts slash target prices for Venture Corp despite 1Q earnings surge

SINGAPORE (Apr 26): Analysts are slashing their target prices for Venture Corporation by as much as 25%, just one day after the electronics manufacturer posted a 72.2% surge in earnings for the 1Q ended March.

See: Venture sees 72% surge in 1Q earnings to $83.7 mil on higher margins

Global trade outlook now hinges on China's response to Trump tariffs

SINGAPORE (Mar 6): All eyes are on China as Beijing weighs its response to the US’ imposition of hefty tariffs on steel and aluminium imports. And in the balance lies the possibility of an all-out trade war.

This comes after US President Donald Trump last week announced plans for import tariffs of 25% on steel products and 10% on aluminium products.

These 5 stock picks could benefit from surprise delay in GST hike, says Credit Suisse

SINGAPORE (Feb 21): Credit Suisse is raising its 2018 GDP growth forecast for Singapore to 3.3% on the back of expectations of higher private consumption growth following the 2018 Budget announcement on Monday.

“The key surprise in the 2018 Budget was a later-than-expected implementation of a 200 basis point increase in the Goods and Services Tax (GST) to the 'earlier part of 2021-25',” says analyst Gerald Wong in a report on Tuesday.

Credit Suisse keeps CapitaLand at 'neutral' with $3.90 target price

SINGAPORE (Feb 15): Credit Suisse is maintaining its “neutral” call on CapitaLand with a target price of $3.90, despite consensus giving the group a “buy” rating.

See: CapitaLand making a Singapore comeback with Pearl Bank acquisition

CapitaLand on Tuesday announced that its 4Q17 earnings dropped 37.8% to $267.7 million, which brought FY17 earnings to 1.55 billion, up 30.3% y-o-y, the highest since FY2008.

Can Asia decouple from the US correction?

SINGAPORE (Feb 15): As of last Friday, US price-to-book (P/B) valuations have fallen from a high of 3.48 times to 3.18 times or 3% above the historical average, according to a recent strategy report by Credit Suisse’s equity research team.

Further, the MSCI Asia ex-Japan’s (MXASJ) P/B has dropped from a high of 1.87 times to 1.7 times, below the historical average of 1.77 times, while return on equity (ROE) runs above the historical average of 11.2% at 11.6%.

Asean e-commerce poised for explosive growth on the back of China's tech dragons

SINGAPORE (Jan 31): The entry of Chinese tech giants into the Asean e-commerce scene could see explosive growth for online retailing in the region, according to Credit Suisse research.

While business-to-consumer (B2C) e-retailing, or e-tailing, has already expanded at a compound annual growth rate (CAGR) of 23% over the past five years, Credit Suisse notes that B2C e-tailing penetration is still less than 2% of total retail sales in Asean.

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