Singapore banking stocks supported by undemanding valuations, strong economic growth

SINGAPORE (Dec 11): Phillip Capital is keeping the Singapore banking sector at “accumulate” as valuations continue to be undemanding while strong economic growth continues to support asset quality in Hong Kong and Singapore. According to Phillip, all indicators such as volume, margins and asset
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The Bloomberg Dollar Spot Index slid as much as 11 percent, and is poised for its first decline in five years. “Certainly the low-volatility environment has been a problem, but people were also just caught on the wrong side of that dollar trade coming into the year,” Aberdeen's Wolf said. “We still are in an
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Zacks Investment Research raised ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, November 7th. Northland Securities set a $25.00 price objective on ARRIS International and gave the company a “hold” rating in a
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Supporters react in the crowd during a National Super Alliance (NASA) political rally in Nairobi, Kenya. Photographer: Luis Tato/Bloomberg. Kenya's main opposition alliance postponed indefinitely plans to swear-in its leader as president of a so-called People's Assembly, after the government warned
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27 Wakefield Avenue is a house for rent in Dickson. View more about this property and browse similar listings in Dickson on Allhomes.com.au.
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[STOCKHOLM] Anyone with a stake in Sweden's property market should make space for Thursday in their calendar. … While few analysts believe Sweden is headed for a repeat of the real-estate crash of the early 1990s, which brought the economy and the banks to their knees, households are getting
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Light Filled, contemporary style. 4 bedrooms House for Sale. $495000 – $545000. 7 Devine Drive Pakenham Vic 3810. Listed by First National Real Estate Neilson Partners – Pakenham. Features: Garage Spaces, Fully Fenced, Renovated,.
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China's banking regulator handed out its biggest financial penalty ever to China Guangfa Bank for fabricating guarantee documents on 1 billion yuan worth of bonds that went into default. The China Banking Regulatory Commission said Friday it confiscated illegal income and imposed fines on Guangfa
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Toronto Dominion Bank boosted its position in shares of MGM Resorts International by 12.4% during the second quarter. Toronto Dominion Bank now owns 5,644 shares of the company's stock worth $177,000 after buying an additional 624 shares during the period. Finally, Colony Group LLC acquired
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Adrian Orr will oversee the biggest overhaul of New Zealand's central bank since it pioneered inflation targeting in the early 1990s. Orr, 54, will begin a five-year term as governor of the Reserve Bank on March 27, Finance Minister Grant Robertson said Monday in Wellington. A former deputy governor
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Commercial Bank of Dubai was set up in Dubai in 1969, a couple of years before the United Arab Emirates was formed by the union of 7 emirates. The timing was perfect. As the UAE embarked upon a path of rapid development, CBD played an active role in financing local businesses and grew along
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The 2016 full-year results for Asia Commercial Joint-Stock Bank (ACB) are remarkable. For a start, the Vietnamese bank—one of the sector's leaders—managed to achieve all of its objectives for the year, as per its 2014-18 strategy roadmap. As far as financial performance is concerned, moreover, the 12
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The country's financial system relies heavily on such paper pledges, which can facilitate lending to otherwise dubious borrowers, but the practice has been abused for years. The Guangfa case, involving 12 billion yuan, or $1.8 billion, and 10 financial institutions, came to light following bond defaults by
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Peer-to-peer (P2P) lending platform, Validus – backed by Temasek Holdings' venture capital arm Vertex – was founded in 2015 with a focus on helping SMEs secure short and medium-term financing from investors through its curated financing marketplace. With the licence, Validus will be able to offer
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FORTUNE Magazine All Access: Get the print magazine plus the digital edition.
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And Finally… Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit, Bloomberg's Stephanie Bodoni writes. Briton Mark Hollis and his Irish business partner John Heffernan set up a grocery store, offering financiers fleeing the City a steady supply of U.K.
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A Bloomberg News overview of the factors that might be flattening the curve. Europe prepares for its curve to flatten as well, Ben Emons writes in Bloomberg Prophets. A Federal Reserve Bank of San Francisco paper on the recent squeeze on the yield curve. Frequently asked questions on the yield
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Miniatures of ComfortDelgro Corp. taxis are popular children's toys in Singapore. Not for long, though. The ubiquitous blue and yellow Toyota Crown cabs are leaving the realm of kids' imagination and heading for grownup nostalgia. One day soon, they'll belong in a museum. The end is nigh for the
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Bank of New York Mellon Corp lifted its stake in Weatherford International by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,516,743 shares of the oil and gas company's stock valued at $20,687,000 after buying an additional 94,485 shares in the last quarter. Toronto Dominion Bank
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While Australians tend to pay careful of attention to housing mortgage cost trends and farmers are constantly pushing their bank managers for better lending deals, Canstar financial services executive, Steve Mickenberg, doubted if many average credit card holders had much idea of interest rates on
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