finance

Singapore banks to shine despite regional macros, competition from fintechs: Maybank
SINGAPORE (Mar 18): Maybank Kim Eng is keeping “positive” on Singapore’s banking sector while noting significant interest among Malaysian investors in Singapore banks from a flight-to-quality angle, and for their high dividend yields as the SGD appreciates. This comes post a meeting with 15 Malaysian investors from a mix of long-only, hedge and private-banking funds to discuss Singapore ...
Malaysia's stock market is Asia's only loser of 2019
KUALA LUMPUR/SINGAPORE (Mar 12): The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year. The benchmark FTSE Bursa Malaysia KLCI index has fallen more than 1% so far in 2019, the only decliner in the region, while neighboring Singapore has surged 4% and Indonesia gained 3%. The trend is unlikely to change as ...
Analysts shave UOB forecasts on operating challenges & limited upside, but remain positive at 'buy'
SINGAPORE (Feb 25): Jefferies and OCBC Investment Research are maintaining their “buy” calls on United Overseas Bank (UOB) with a target price and fair value of $30 and $28.30, respectively, even after the bank’s recently reported set of 4Q and FY18 financials came in slightly below both research houses’ expectations. While Jefferies has lowered FY19-20 EPS estimates by 3.6% and 4.5%, ...
Local talent can expect a 12-15% salary hike when switching jobs this year, says recruiter
SINGAPORE (Feb 20): In spite of government projects that suggest a slight drop in hiring growth this year, recruitment specialist Michael Page is expecting job growth to continue its steady momentum across 2019 due to talent shortages and high demand for niche talent, with a focus on fintech and e-payment roles. For 2019, the firm estimates jobseekers can look forward to ...
DBS undergoes target price cuts after a record FY18, but remains a 'buy'
SINGAPORE (Feb 19): Jefferies Singapore, OCBC Investment Research and RHB Research are maintaining their “buy” calls on DBS Group while lowering their price targets to $28.50, $29.31 and $28.80, respectively. This comes after the release of its 4Q18 results, which saw earnings grow 8% y-o-y to $1.32 billion to bring the bank’s earnings for the full year to a record high of $5.63 ...
DBS tops Asean list for Brand Finance's most valuable banking brands in 2019
SINGAPORE (Feb 7): DBS Bank is No. 34 in Brand Finance’s Banking 500 2019 annual report global rankings, rising six spots from No. 40 in 2018 and making it Asean’s ‘Most Valuable Bank Brand” for the 7th straight year. Brand Finance is an independent brand valuation and strategy consultancy. Its annual Banking 500 study ranks the world’s most valuable and strongest banking brands ...
How events like Huawei CFO's arrest affect financial markets
SINGAPORE (Dec 14): By mid-2018, it was shaping up to be the most volatile year for global markets since 2008. Company share prices have fluctuated in the wake of news flow that was not even strictly corporate; geopolitical-risk events have prompted investors to reassess the value of their holdings.  On the other hand, corporate events have also turned political: Huawei Technologies’ ...
Why UOB is the better of two 'buys', according to DBS
SINGAPORE (Dec 4): DBS Vickers Securities is maintaining its “buy” for United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC) with target prices of $29.50 and $13.20. In a Tuesday report, analyst Lim Rui Wen notes that UOB is offering close to 5% yield and OCBC, at around 4%. In particular, she prefers UOB for its strong capital position and the ongoing build-up of its ...
Open banking a key digitisation objective for Asia Pacific FIs: Accenture Research
SINGAPORE (Dec 4): Providing open banking services is on the cards for the majority of large banks in Asia Pacific, according to a new global research report by Accenture Research. Open banking is a concept based on the principles of using open application program interfaces (APIs) such that third party developers can, using open source technology, build applications and services around ...
Singapore assessing 2019 forecasts with trade war risks in view
SINGAPORE (Nov 5): Singapore may need to review its economic growth projections for next year as a trade spat between the world’s two biggest economies increases uncertainty and crimps business investment, the city state’s finance minister said. “In the short run, the impact is not fully felt yet," with Singapore retaining its growth forecast for this year at 2.5% to 3.5%, Heng Swee Keat ...