Philip Chua Business Blog

Posts Tagged ‘DBS’

DBS GROUP Holdings is Singapore’s top bank brand, according to a survey of the world’s 500 leading banking names.
The Brand Finance Banking 500 report, which measures strength, risk profile and growth potential to calculate brand value, claimed DBS eclipses rivals United Overseas Bank (UOB) and OCBC Bank.
It put DBS’ brand value at US$1.52 billion (S$2.1 billion) last year – a 12 per cent hike fro… more

ST Engineering
Nov 5 close: S$2.97
DBS GROUP RESEARCH, Nov 4

THIRD quarter 2009 revenue of S$1.35 billion (down 2 per cent year-on-year, 4 per cent quarter-on-quarter) and net profit of S$120 million (down 7 per cent y-o-y, up 11 per cent q-o-q) were in line, and nine-months 2009 net profit of S$314 million equates to 74 per cent of our full year projections.
Q3 2009 pre-tax profit of S$149 … more

THE equities industry has gained tremendously because of the global financial crisis, said the head of a key stockbroking company in Singapore.
Investors – faced with near-zero bank deposit interest rates and fewer alternative options for their funds – have turned to stocks in a big way.
This trend is set to continue, even as Western funds are expressing more interest in Asian stocks.
DBS Vickers … more

DBS GROUP Holdings has pulled out of the race to buy ING’s private banking unit in Asia because it does not want to pay a premium for the business, sources say, while OCBC Bank has confirmed that it is still in the running.
DBS let its bid lapse and pulled out of the deal a few weeks ago, the sources add.
When contacted, a DBS spokesman said: ‘As a policy, we do not comment on market rumours and s… more

THE emergence of real estate investment trusts (Reits) as a highly popular instrument here, and applying for initial public offerings (IPOs) via the ATM, are all part and parcel of the financial landscape now.
However, they required much burning of the midnight oil to ensure they came to fruition, and DBS Bank was in the thick of these developments. By launching financial instruments that were new… more

HERE’S an interesting question that punters must surely be asking: how much more upside can there be in stocks, either for the rest of the year or the next 12 months?
Several brokers have, over the past few weeks, issued their Straits Times Index targets for the next 12 months (among them UBS Investment Research, DBS, Credit Suisse and Citi Investment Research) and there seems to be a loose consen… more

IN JANUARY, as the global financial storm lashed Singapore shores, fears took hold that large numbers of cash-strapped home owners might default on their monthly mortgage instalments, as businesses went belly-up and jobs were lost.
DBS Bank went out of its way to calm the jitters by offering to resurrect the interest-only payment scheme to allow borrowers to make only interest payments on their ho… more

RENEWED hopes of an early economic recovery helped to bolster sentiment on the local bourse yesterday.
This was despite a fall in other regional markets, following concerns that China might be looking to curb investments in industries suffering from overcapacity.
In Singapore, the benchmark Straits Times Index (STI) ended 13.8 points higher at 2,642.23.
DBS Group Research said in a report that it … more

ANZ bank will not bother targeting heartlanders here but focus its energies on affluent customers with assets of at least $100,000.
Mr Alex Thursby, ANZ’s chief executive for Asia-Pacific, Europe and America, told a briefing yesterday that it did not have the firepower to take on local banks in the mass market.

‘We have no ability to compete with that segment, frankly, with DBS, OCBC or UOB,’ sa… more

POSB, in conjunction with DBS Asset Management, has launched a fund known as MyHome Fund for retail customers to invest in Singapore and its future.
The fund is marketed as an affordable and accessible fund that offers an opportunity to invest in homegrown companies such as Singapore Airlines.
This latest initiative by POSB provides diversification into Singapore equities and Singapore-dollar deno… more