In reply to SGX, Ho Bee says provisions were made for Tianjin residential project

Ho Bee Land explains the reason for provisions for a Tianjin residential project

Broker's Calls

This bank stock is poised for another year of strong results

SINGAPORE (Dec 14): OCBC Investment Research is upgrading its call on DBS Group to “buy” with a higher fair value estimate of $27.40 based on 1.4 times FY18E book while projecting for the group’s earnings to rise 25% in FY18.

Broker's Calls

The long-term risks faced by OCBC with reduced stakes in Malaysian insurance operations

SINGAPORE (Sept 26): Maybank Kim Eng is maintaining its “hold” recommendation on OCBC Bank with an unchanged price target of $11.05 pending further details of reduced stakes in the Malaysian business of its 87.9%-owned insurance arm, Great Eastern Hol

Global Economy

Biggest Chinese banks' bad-loan challenge may finally be easing

SHANGHAI/HONG KONG (March 31): The bad-loan challenge for China’s biggest banks, which worsened steadily over much of the first half of the decade, may finally be easing.

Broker's Calls

Improved cash flow, upcoming rig acquisitions earn Ezion an upgrade

SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.

NPLs for Singapore banks have gone up, but credit profiles stay strong: Fitch

SINGAPORE (Nov 1): The three local lenders, DBS Bank, United Overseas Bank and Oversea-Chinese Banking Corporation - with their combined oil and gas exposure of $47.3 billion at end Sept - saw falling asset quality from their oil and gas exposure for 3QFY

In print this week

All eyes on upcoming DBS earnings report amid Swiber collapse

SINGAPORE (Aug 5): Scheduled to be released on Aug 8, the earnings report from DBS and comments from CEO Piyush Gupta on what is happening in the offshore and marine (O&M) sector will be closely watched.