BNP Paribas Securities Services has been selected to provide global custody services to China Merchants Bank, Singapore (China Merchants Bank), according to an announcement made by BNP Paribas Securit... ( read original story ...)
This F&B empire is a steal at current valuations, says UOB Kay Hian
SINGAPORE (Mar 8): UOB Kay Hian is initiating coverage on Koufu Group at “buy” with a target price of 95 cents, which implies a 41.8% upside to its last close of 67 cents. The move comes on UOB’s beli... ( read original story ...)
Southeast Asia’s biggest bank DBS bets on India to reduce reliance on Singapore
Mumbai/Singapore: DBS Group Holdings Ltd. aims to bolster loans to Indian consumers and small businesses as part of a plan to reduce its reliance on Singapore. Southeast Asia’s biggest bank will push ... ( read original story ...)
DBS is Maybank Kim Eng’s top pick amid expectation of wider NIM in 2019
SINGAPORE (Mar 7): Maybank Kim Eng Research says DBS Bank is its top pick among local banks on the back of its strong low cost deposit franchise. “Domestic banks, with lower loan to deposits (LD) rati... ( read original story ...)
Keppel REIT to benefit from lease renewals, Australia portfolio going forward: UOB
SINGAPORE (Mar 7): UOB Kay Hian is maintaining its “buy” call on Keppel REIT with a target price of $1.35 on expectations of the REIT to benefit from the full-year impact of leases, which were renewed ... ( read original story ...)
UOB-backed business accelerator forays into Thailand, eyes helping SMEs digitalise
It was also "perfect timing" that Singapore's Global Innovation Alliance launched its Bangkok office last April. In Thailand, the programme will be run in collaboration with UOB (Thai), the Digital Ec... ( read original story ...)
Warburg-backed ESR files for HK IPO said could be worth up to $2 bil
(Mar 6): ESR, the logistics real estate platform backed by Warburg Pincus, is expected to carry out an IPO in Hong Kong within the next ... 5.7 million sqm of facilities across China, Japan, India, Si... ( read original story ...)
Recruitment drive: DBS Bank looking for new technology engineers for its Hyderabad based center
Singapore based Development bank of Singapore (DBS) is looking for new hiring of 1000 technology engineers for its recently established technology, centre ‘DBS Asia Hub 2’ in Hyderabad. In 2016, DBS G... ( read original story ...)
UBP obtains wholesale bank licence in Singapore
Union Bancaire Privée (UBP) announced that its Singapore branch, UBP Singapore, has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank licence. UBP Singap... ( read original story ...)
Standard Chartered in Singapore just hired a Barclays COO
Standard Chartered has appointed veteran banker Julian Moneta as its Singapore-based global head of wealth management transformation. His move comes as private banks in the Republic look to hire ... ( read original story ...)
DBS bets on ‘poisoned chalice’ of India banking for profits
Mumbai/Singapore: DBS Group Holdings Ltd. aims to bolster loans to Indian consumers and small businesses as part of a plan to reduce its reliance on Singapore. Southeast Asia’s biggest bank will push ... ( read original story ...)
Japfa kept at ‘buy’ by UOB KayHian with 98 cents target despite African Swine Fever worries
SINGAPORE (Mar 5): UOB KayHian is maintaining Japfa at “buy” despite the stock’s 8% share price correction over the past two days in response to the African Swine Fever (ASF) in Vietnam. Management ha... ( read original story ...)
DBS bets on ‘poisoned chalice’ of India banking to lift profits
The Singapore bank is the only sizable foreign bank to have taken steps to set up a local unit after India announced relevant rules in 2013. The three largest foreign banks in the country - Citigroup, ... ( read original story ...)
Singapore’s finance hub status threatened by China’s ‘Greater Bay’
SINGAPORE -- China's ambitious Greater Bay Area project encompassing Hong Kong, Macao and nine cities in Guangdong could threaten Singapore's standing as a hub for finance and technology. ( read original story ...)
Singapore business confidence weakens for third straight quarter
Though the services sector had six indicators in expansionary zone for the second quarter, three of of the six indicators, namely new orders, inventory levels and employment, showed signs of downward ... ( read original story ...)
Union Bancaire Privée obtains wholesale bank license in Singapore
Union Bancaire Privée (UBP) announced on March 4 that its Singapore branch UBP Singapore has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank license. U... ( read original story ...)