How Kimly brewed its way to Singapore's first 'kopi-o IPO'

Even if you're not one to dabble in stocks, the recent IPO by coffeeshop operator Kimly Limited would have definitely caught your attention. With an offer of 173.8 million new shares at 25 cents each, the group was expected to have a market value of $288.7 ... ( read original story ...)

Singapore’s stock market rally slammed by oil and gas woes

The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI ... ( read original story ...)

Singapore Bank Stocks: More Oil Pain to Come?

DBS is Maybank Kim Eng’s preferred pick within its Singapore banks coverage despite having the largest exposure to Ezra Holding, the Singaporean oil & gas services company which has filed for U.S. bankruptcy. Maybank Kim Eng has a hold rating DBS with a ... ( read original story ...)

Singapore banks’ exposures Ezra ‘lower than expected’

SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. This comes after factoring the banks ... ( read original story ...)

Singapore banks' profits could fall by up to 8% in FY17

We estimate Singapore banks have c.SG$217-748m of claims and borrowings to Ezra Group, based on court filings and bank borrowings. If we assume O&G support services’ NPLs require specific provisions of 50 cents per dollar of problem loans, and the ... ( read original story ...)