UBS

UBS to start currency pricing, trading engine in Singapore
(Sept 4): UBS Group AG will introduce a new electronic currency pricing and trading engine in Singapore next year in a bid to boost liquidity in Asia’s largest foreign-exchange centre. The facility will go live in the second quarter of 2019, Zurich-based UBS said Monday in an emailed statement. The bank is undertaking the initiative in partnership with the Monetary Authority of Singapore, ...
Swiss find serious shortcomings at JPMorgan in 1MDB case
(Dec 21): Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of US bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB. The case adds to the political storm that has raged for more than two years over the scandal at 1Malaysia Development Berhad (1MDB), the focus of money-laundering investigations in at least ...
UBS positive on equities as global growth momentum continues
SINGAPORE (Dec 5): UBS is forecasting global economic growth to continue its positive momentum over the past year through to 2018, with little evidence of an impending slowdown. In UBS House View Year Ahead 2018, UBS' Global Chief Investment Office Wealth Management unit looks back on “particularly impressive” expansion in 2017 as demonstrated in the US, Eurozone, China, Japan, Russia and ...
Steady yield growth expected as Singapore REITs go on buying spree
SINGAPORE (Oct 5): UBS says Singapore real estate investment trusts (SREITs) are expected to see DPU growth of 1.0% per annum from 2016 through to 2019, even as they go on the acquisition trail. Healthcare and Industrial sector REITs are expected to lead the growth, at 3.7% and 2.5% respectively. According to UBS, SREITS are trading at an expected yield of 6.0% in 2017, some 406 basis ...
UBS raises $450 mil for Bono-backed impact investment fund
ZURICH (July 10): UBS has raised US$325 million ($450 million) for a private equity impact investment fund, as the world's biggest private bank looks to meet wealthy clients' growing appetite to combine philanthropy with money making. The Rise Fund, which counts Irish rock star Bono among its co-founders, aims to achieve "measurable, positive social and environmental outcomes alongside ...
SIA met earnings forecast so why aren’t analysts more upbeat about the stock?
SINGAPORE (Feb 8): Singapore Airlines’ core earnings for 3Q17 rose 12% y-o-y to $256 million, after excluding a $79 million impairment charge on the value of the Tigerair brand arising from the merger between Tigerair and Scoot. (See also: Singapore Airlines 3Q earnings fall 36% to $177.2 mil) The results were boosted by the outstanding performance at SIA Cargo, where operating ...
Analysts turn negative on StarHub
SINGAPORE (Feb 6): Market watchers have turned pessimistic on the outlook for StarHub, after the telco announced that it would cut distributions per unit by 20% for FY17 as operating expenses for its main mobile business continue to climb. OCBC Investment Research’s analysts Eugene Chua and Low Pei Han downgraded the stock to a “sell” with a fair value of $2.65. The pair noted that ...
Is SPH’s restructuring going to be worth the effort?
SINGAPORE (Jan 16): Singapore Press Holdings’ results for 1Q17 failed to meet analysts’ expectations after earnings fell by 44% to $45.7 million. CIMB noted that the group’s earnings only achieved 18% of its full year estimates and has maintained its “reduce” recommendation for SPH with a lowered target price from $3.35 to $3.31. During the quarter to November, the group’s ...
Why analysts think ComfortDelGro investors can rest easy
SINGAPORE (Jan 6): UBS and RHB are reiterating their “buy” calls on ComfortDelGro with target prices of $3.43 and $3.24 respectively in anticipation of higher earnings growth over the next few years. In a report on Tuesday, UBS analysts Rachel Tan and Cheryl Lee opine that the transport company’s recently-announced acquisition of CabCharge Australia’s remaining 49% stake in ...
3 ways investors can achieve 5% returns in 2017
SINGAPORE (Dec 29): Gone are the days where generating returns above 5% was relatively easy to achieve. While interest rates have fallen close to record lows, investors have been forced to turn elsewhere in the search for higher yield. Now that investment grade bonds, high yield bonds, and equities have seen their prices pushed up, where will investors turn in 2017? “The search ...