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Bloomberg Intelligence
Broker's Calls
OCBC’s spike in new non-performing assets shows modest stress ahead: Bloomberg Intelligence
In 1QFY2024, OCBC's new non-performing assets (NPA) formation of $239 million outpaced its 2023 average of $140 million.
May 10, 2024
Broker's Calls
Singapore banks may prioritise funding-cost strategy as rates fall, says Bloomberg Intelligence
Banks are already starting to cut their interest rates; UOB and Standard Chartered have introduced new rates effective May 1.
April 15, 2024
Broker's Calls
Singapore banks’ overall property loan portfolios could remain ‘solid’ in 2024: Bloomberg Intelligence
In a separate note, analyst Rena Kwok writes that Singapore banks face low liquidity risks in 2024.
March 27, 2024
Broker's Calls
Singapore banks' asset quality 'may not fall out of favour' in 2024: Bloomberg Intelligence
Singapore's three banks could see higher levels of non-performing loans and credit costs in 2024 amid macroeconomic risks.
March 04, 2024
Broker's Calls
Singapore's SMEs may pose some threat to local banks: Bloomberg Intelligence
OCBC's weaker-than-peer credit quality in SME loans — 9% of its total — puts it at higher risk.
February 26, 2024
Broker's Calls
Banks, consumer firms, telcos, REITs to benefit from Budget, but corporate tax drags on MNCs: Bloomberg Intelligence
Analyst Catherine Lim names DFI, Jardine Cycle & Carriage, Keppel DC REIT, Suntec REIT as those to benefit from Budget 2024.
February 21, 2024
Pet economy
The not-so-secret pet economy
The cat’s out of the bag: VCs and savvy investors have uncovered the next booming market - the business of pampering pets.
January 26, 2024
Broker's Calls
Singapore banks’ net bond supply could be negative in 2024, thanks to 'low' refinancing needs, 'solid' capital cushions
DBS will be the first to report its results for FY2023, on Feb 7. UOB will follow on Feb 22 and OCBC a week later on Feb 28.
January 22, 2024
Banking & finance
Singapore's banks face muted growth in prized mortgages this year
Singapore banks' mortgages may end 2024 with flat to low-single-digit growth, say Bloomberg Intelligence analysts.
January 10, 2024
Banking & finance
Credit quality of OCBC’s SME loans may be risk to the bank
"Default trends will have to be watched as SMEs’ loan payment in Singapore weakened further in 2Q2023": analyst Rena Kwok.
September 15, 2023