Deutsche Bank

Former Temasek director Michael Dee calls for forensic accountant to look into Noble
SINGAPORE (Aug 27): Shares in debt-laden commodities supplier Noble Group were up 33.9% in the week before a key vote on its restructuring. The Straits Times Index had gained 1.3% in the same period. Noble’s rebound may have been driven by Deutsche Bank’s offer to buy the company’s senior unsecured bonds at 45% of face value. Noble is currently in default of debt obligations worth US$3.5 ...
Richard Elman says won’t take up directorship at new Noble; Deutsche Bank confirms bid to buy bonds
SINGAPORE (Aug 20): Richard Elman, the founder of Noble Group, will not take up the position as an executive director of the embattled commodities trader after its restructuring. Elman’s decision not to take up the position as previously announced was due to personal reasons, said the company in a stock exchange filing on Monday, and comes days ahead of a crucial shareholder vote on its ...
Tide turning in favour of the region's shipping sector, says Deutsche
SINGAPORE (Apr 24): Deutsche Bank is turning positive on Asia Pacific’s shipping sector with the strongest preference for the container sub-segment, followed by tanker and dry bulk. This comes on the belief that industry conditions have now fundamentally turned, with the peak in deliveries of mega vessels and the recent acceleration of industry consolidation in recent years, which in turn ...
Singapore property market may be strong, but how about developer stocks?
SINGAPORE (Apr 18): According to Deutsche Bank, the Singapore property market continues to show strength. The research house has picked City Developments (CDL) and UOL Group as its top buys. On Apr 12, Yanlord announced that the group and Hong Kong Land Holdings’ MCL Land have jointly won the tender for the en bloc sale of Tulip Garden with a bid of $906.9 million. See: ...
Asia ex-Japan may see a less bountiful 2018 after record year of bond transactions: Debtwire
SINGAPORE (Jan 11): The Asian USD high-yield (HY) bond primary market in 4Q17 was boosted by the resurgence of offshore-issuance approvals from Chinese regulators and a continued appetite for new paper. This was further driven by near-record low yields for Asian speculative-grade bonds as well as abundant liquidity, according to the latest Asia Pacific (ex-Japan) HY Bonds Issuance Report 2017 ...
What to look out for in Asian Emerging Markets in 2018: Deutsche
SINGAPORE (Dec 21): Deutsche Bank Wealth Management sees potential for further gains in what it calls “the new emerging Asian equity market” ahead – companies with attractive valuations and could gain from the region’s increased exposure to technology. In the bank’s annual CIO insights report, Reality check – 2018, The investment landscape ahead, Christian Nolting, Deutsche ...
Deutsche Bank says Japan's retail investors are behind bitcoin's surge
NEW YORK (Dec 15): It’s not drug dealers and tax cheats, it’s Mrs. Watanabe. That term is often used to describe the individual Japanese investor, traditionally a housewife who runs her family’s finances. And that’s who behind the surge in bitcoin, according to a Deutsche Bank AG note Thursday. “We think that retail investors are shifting from leveraged foreign-exchange trading to ...
Why blockchain has far more potential than cryptocurrencies for now: Deutsche
SINGAPORE (Dec 7): Cryptocurrencies are a highly speculative and risky investment – although they do have the potential to develop into a new asset class in the future, according to Deutsche Bank Wealth Management, the wealth management unit of German lender Deutsche Bank AG. Known cryptocurrencies include Bitcoin, Ehtereum, Ripple, Litecoin and IOTA – each with their own currency ...
The ultra rich in Singapore and HK keep poaching Morgan Stanley’s top bankers
SINGAPORE (Nov 23): Asia’s swelling ranks of mega-wealthy are proving to be a mixed blessing for Morgan Stanley. The firm’s Asian private banking unit has boosted assets under management and revenue this year, according to Vincent Chui, who oversees the business. But because top bankers keep getting poached by family offices set up by the richest people, a plan to increase headcount ...
How Singapore's property market is primed for a 'perfect squeeze'
SINGAPORE (Oct 20): Deutsche Bank is positive on Singapore’s property market as it expects pricing power to return to developers. This comes on the back of record low unsold inventory plus the withdrawal of supply over the next 12 months. As a result, the research house has raised its average selling price (ASP) forecasts for 2018 and 2019 by 10% and 7% respectively, while raising RNAV ...