UOB Kay Hian

Singapore brokerage firm doubles down on 'human touch'; bucks zero fees, robo-advisors trend

(Oct 29): As the global brokerage industry shifts to zero fees for trading and robots to give advice, one company in Singapore is deciding to buck the trend.

UOB-Kay Hian Holdings has taken on a large group of securities trading representatives, known as remisiers, from a brokerage arm of the country’s largest bank. It’s essentially a bet customers will still pay extra to be hand-held in their trades.

PropNex upgraded to 'buy' on prospects of strong 2H19 rebound, regional expansion

SINGAPORE (Oct 14): UOB Kay Hian has upgraded real estate agency PropNex to a “buy” call with a higher target price of 56 cents, up 12% from the previous 50 cents.

This is on expectations of a strong rebound for the group in 2H19, on the back of several areas of strength that the group could tap on. 

According to analyst Wong Shueh Ting, PropNex can expect stronger project marketing during the second half of the year, as a result of delayed option to purchase (OTP) transactions overflowing from 1H19. 

ISOTeam poised to ride strategic acquisitions to stay out of the red

SINGAPORE (Aug 30): ISOTeam ended FY19 on a high, as it reversed out of the red on the back of higher revenue. Now, the building maintenance and estate upgrading company looks poised to ride a wave of strategic acquisitions to continue its growth trajectory.

The group saw its FY19 earnings surge 14-fold to $6.8 million, as full year revenue jumped 63% to $136.6 million.

All of the group’s segments recorded double-digit growth figures on the back of an increase in the number of projects as well as higher value projects such as the new nightclub at Marina Bay Sands.

Analysts cut ComfortDelGro's earnings forecasts despite positive 2Q results

SINGAPORE (Aug 15): ComfortDelGro Corporation may have posted a positive set of financial results for the 2Q19 ended June. But a peek under the hood reveals that the land transport conglomerate has not been firing on all cylinders.

The group saw its earnings grow 1.2% to $75.9 million during the quarter, even as revenue rose 4.2% to $980.8 million.

UOB Kay Hian reports 22% drop in 2Q earnings to $15.6 mil on lower trading volume

SINGAPORE (Aug 13): Brokerage house UOB Kay Hian posted 2Q19 earnings of $15.6 million, a 22.4% fall from $20.1 million for the same quarter last year.

This was due primarily to lower q-o-q trading volumes across UOB Kay Hian’s main regional markets, as concerns over US and China trade war significantly dampened investment sentiment.

Total income fell 4.5% to $94.9 million from $99.3 million the previous year, led by a 17.3% decline in commission income to $49.7 million.

Will OCBC's interim dividend surprise be enough to snare investors?

SINGAPORE (Aug 6): Oversea-Chinese Banking Corporation (OCBC Bank) surprised market observers with a higher-than-expected interim dividend payout of 25 cents per share for the 1H19 ended June, 25% higher than a year ago.

OCBC’s 2Q19 earnings rose 1% to $1.22 billion – some 5% above Bloomberg consensus expectation of $1.16 billion – on the back of stronger net interest margin (NIM) and loan growth.

SATS shares tumble after 1Q earnings miss as headwinds mount

SINGAPORE (July 23): Airline gateway services and food solutions provider SATS has seen its share price tumble more than 9% since last week.

On July 18, SATS posted a 14.4% drop in earnings to $54.7 million for the 1Q20 ended June – missing consensus estimates by a mile.

The disappointing results came on the back of weakening air cargo volumes, even as SATS was impacted by one-offs including the suspension of Jet Airways, the grounding of Boeing’s 737 Max aircraft, and credit provisions.

Can CCT's Frankfurt office acquisition, AEIs lift it to new heights?

SINGAPORE (July 22): CapitaLand Commercial Trust (CCT) has benefitted from an up-cycle in the office market so far this year.

On the back of steady growth from its diversified base of Grade A office buildings, CCT saw its share price climb some 31% from $1.76 at the start of the year to a 52-week peak of $2.31 earlier this month.

In the latest 2Q19 ended June, CCT’s distributable income rose 3.8% year-on-year to $82.4 million, as distribution per unit (DPU) grew 1.9% to 2.20 cents.

Can Singapore banks fend off new challengers as city-state grants digital bank licences?

SINGAPORE (July 4): DBS Group Holdings (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have enjoyed a decades-long dominance of the banking market in Singapore.

But a decision by the central bank to grant up to five digital bank licenses to non-bank players is about to shake up the market.

The Monetary Authority of Singapore (MAS) last week announced it will grant as many as two digital full-bank (DFB) licenses and up to three digital wholesale bank (DWB) licenses.

SingPost banks on postal services as new CEO battles to regain public trust

SINGAPORE (July 2): Vincent Phang, the new chief executive officer of postal services at Singapore Post (SingPost), is facing an uphill battle to regain public confidence after a series of service lapses, which has contributed to its shares sliding some 31% off its 52-peak of $1.39.

SingPost has been fined a total of $400,000 by the authorities for failing to meet delivery standards in 2017 and 2018. This includes incidents of postmen caught dumping mail instead of delivering it.

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