provisions

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

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.

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

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.

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.

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

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.