Morgan Stanley

Five key takeaways from the biggest US banks' earnings reports

(Oct 17): As earnings season for the biggest US banks wrapped up on Tuesday, the benefits to Wall Street of rising interest rates and a healthy economy became clear.

Singapore housing curbs won't cool prices: Morgan Stanley

(Oct 12): Singapore home prices may rise as much as 10% by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to according to Morgan Stanley.

These factors are critical to continued global growth, says Morgan Stanley

SINGAPORE (Dec 19): Morgan Stanley is in the view that the ongoing global economic cycle will stay stronger for longer, on the back of a pick-up in investment growth, a gradual rise in core inflation, steady removal of monetary accommodation, contained financial stability risks in the US, and a moderate slowdown in China.

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 has fallen flat.

Sea selling shares at US$15 each in NYSE IPO

(Oct 20): Singapore’s Sea plans has priced its initial public offering of nearly 59 million American depositary shares at US$15 each to raise US$884 million ($1.2 billion), according to a press statement by the company on Friday evening.

See: Sea, former Garena, files for NYSE IPO

In addition, Sea has granted the underwriters a 30-day option to purchase up to an additional 8.8 million ADSs to cover over-allotment.

Tencent buys 4.95% stake in China's leading investment bank for $493 mil

SINGAPORE (Sept 21): Tencent Holdings is coming for your dollars.

Through wholly-owned subsidiary Tencent Mobility, the Chinese internet giant is investing HK$2.86 billion ($493 million) for a 4.95% stake in China International Capital Corporation (CICC), one of the mainland’s leading investment banks.

Tencent will subscribe for some 207.5 million new Hong Kong-listed shares of CICC at HK$13.80 each, representing an 11.0% discount to the stock’s closing price of HK$15.50 on Wednesday.

As at 11.10am on Thursday, shares in CICC are trading 15.1% higher at HK$17.84.

4 things you need to know about Apple’s iPhone X launch

SINGAPORE (Sept 13): On the 10th anniversary of the iPhone, the launch of Apple Inc’s latest suite of mobile devices on Tuesday was expected to be epic. And the consumer electronics giant did not disappoint.

Headlined by its most expensive smartphone ever – the special anniversary iPhone X – Apple’s launch also featured nifty upgrades for the iPhone 8 and 8 Plus, as well as Apple Watch Series 3 and Apple TV.

Singapore’s solid equity market performance is facing 2 risks, says Morgan Stanley

SINGAPORE (Aug 17): Two positive pillars of Singapore’s seemingly-strong equities market have weakened, according to equity strategists of financial services firm Morgan Stanley.

This comes even as MSCI Singapore’s next 12 months (NTM) P/E nears a four-year high at 14 times, and is up 14.5% in the year to date (YTD) to lead Asean markets though underperforming MSCI Asia ex-Japan (AxJ) by 370 basis points (bps).

Ancestry is said to be close to hiring banks for 2017 IPO

(July 21): Genealogy website is close to hiring banks to lead an initial public offering of the company this year, people with knowledge of the matter said.

The private equity-backed company is working with  Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. as it plans for the IPO, which could give a market value of more than US$3 billion ($4.1 billion), said the people, who asked not to be identified because the information is private.

Asia Pacific sees 7% decline in 1H17 M&A value on tighter Chinese outbound regulations

SINGAPORE (July 6): Asia Pacific ex-Japan has recorded 1,585 merger and acquisition (M&A) deals valued at US$272.9 billion ($377.5 billion) in 1H17 – down 7% by deal value compared to US$293.5 billion across 1,724 deals in the same period a year ago.

This is according to the global M&A trend report for 1H this year, announced by Mergermarket Group today.  

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