Non-interest income is bank and creditor income derived primarily from fees, like including deposit and transaction fees, annual fees, monthly account service charges and so on.
$DBS Group Holdings(D05.SG$$OCBC Bank(O39.SG$$UOB(U11.SG$
While they expect costs to move up as OCBC increases its spend on manpower and technology, its cost-income ratio could remain within range, given the higher income.
Higher credit costs of 26 basis points (bps) per annum are also expected in 4QFY202...
While they expect costs to move up as OCBC increases its spend on manpower and technology, its cost-income ratio could remain within range, given the higher income.
Higher credit costs of 26 basis points (bps) per annum are also expected in 4QFY202...
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The valuation discount is based on three factors, the analysts note.
$DBS Group Holdings(D05.SG$$OCBC Bank(O39.SG$$UOB(U11.SG$
First, asset quality risks are weighing on Singapore bank stocks as a result of a possible recession in 2023-2024.
This is due to these institutions taking “slivers of risk” across geographies, and not unique to OCBC.
Another factor that is more specific to OCBC is that the bank has accumulated capital in the last few years, with limited clarity on capit...
First, asset quality risks are weighing on Singapore bank stocks as a result of a possible recession in 2023-2024.
This is due to these institutions taking “slivers of risk” across geographies, and not unique to OCBC.
Another factor that is more specific to OCBC is that the bank has accumulated capital in the last few years, with limited clarity on capit...
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PPOP is the income a financial institution earns before taking into account funds set aside for future bad debts.
$DBS Group Holdings(D05.SG$$OCBC Bank(O39.SG$$UOB(U11.SG$
They note that “this combination provides a degree of comfort to bank management, in our view, on taking any decision on capital return while still keeping enough buffer.”
On the valuation front, the analysts note that OCBC is trading at 7.9x its 12-month forward P/E, and 0.99x its 2023 P/B.
They note that “this combination provides a degree of comfort to bank management, in our view, on taking any decision on capital return while still keeping enough buffer.”
On the valuation front, the analysts note that OCBC is trading at 7.9x its 12-month forward P/E, and 0.99x its 2023 P/B.
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JPMorgan upgrades OCBC to ‘overweight’, raises TP to $14
$JPMorgan(JPM.US$$OCBC Bank(O39.SG$$DBS Group Holdings(D05.SG$$UOB(U11.SG$
Analysts Harsh Wardhan Modi, Daniel Andrew Tan and Gaurav Khandelwal write in a Jan 6 report that they expect the bank’s management to clearly communicate their capital allocation policy, during its results announcement for its 4QFY2022 ended 31 Dec, 2022 in mid-February.
They note that OCBC’s senior management shift happened “in the midst of [th...
Analysts Harsh Wardhan Modi, Daniel Andrew Tan and Gaurav Khandelwal write in a Jan 6 report that they expect the bank’s management to clearly communicate their capital allocation policy, during its results announcement for its 4QFY2022 ended 31 Dec, 2022 in mid-February.
They note that OCBC’s senior management shift happened “in the midst of [th...
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Activity for the trio of local banks varied
$DBS Group Holdings(D05.SG$ fell 0.4 per cent or S$0.15 to S$34.38, while $UOB(U11.SG$ rose 0.4 per cent or S$0.11 to S$29.32. $OCBC Bank(O39.SG$ also rose by 0.2 per cent or S$0.03 to S$12.62.
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Singapore shares nearly flat on Friday
$FTSE Singapore Straits Time Index(.STI.SG$ edged up 0.03 per cent or 0.84 points to 3,227.02 as at 9.01 am.
$MarcoPolo Marine(5LY.SG$ was the most traded stock with 5.1 million shares changing hands. It rose 2.4 per cent or S$0.001 to S$0.042.
Index counter $Singtel(Z74.SG$ dipped 0.4 per cent or S$0.01 to S$2.44, with 3.4 million shares being traded.
Other index counters $ThaiBev(Y92.SG$ and $Mapletree PanAsia Com Tr(N2IU.SG$ rose 0.7 per cent a...
$MarcoPolo Marine(5LY.SG$ was the most traded stock with 5.1 million shares changing hands. It rose 2.4 per cent or S$0.001 to S$0.042.
Index counter $Singtel(Z74.SG$ dipped 0.4 per cent or S$0.01 to S$2.44, with 3.4 million shares being traded.
Other index counters $ThaiBev(Y92.SG$ and $Mapletree PanAsia Com Tr(N2IU.SG$ rose 0.7 per cent a...
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Wholesale prices fell 0.5% in December, much more than expected; retail sales fall
The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. Economists surveyed by Dow Jones had been looking for a 0.1% decline. The decline was the biggest on a monthly basis since April 2020.
Excluding food and energy, the core PPI measure rose 0.1%, matching the estimate.
For the year, headline PPI rose 6.2%, t...
Excluding food and energy, the core PPI measure rose 0.1%, matching the estimate.
For the year, headline PPI rose 6.2%, t...
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Singapore stocks fall at Thursday’s open
$FTSE Singapore Straits Time Index(.STI.SG$ fell 2.85 points or 0.1 per cent to 3,286.7 points after 54 million shares worth S$58.1 million changed hands as at 9.02 am.
$ThaiBev(Y92.SG$ was the most actively traded counter in terms of volume, with 4.9 million shares changing hands. It rose 0.7 per cent or S$0.005 to S$0.71.
Another index counter $Genting Sing(G13.SG$ dipped 1 per cent or S$0.01 to S$0.975, with 4.8 million shares changing hands.
...
$ThaiBev(Y92.SG$ was the most actively traded counter in terms of volume, with 4.9 million shares changing hands. It rose 0.7 per cent or S$0.005 to S$0.71.
Another index counter $Genting Sing(G13.SG$ dipped 1 per cent or S$0.01 to S$0.975, with 4.8 million shares changing hands.
...
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Activity for the trio of local banks slowed
$UOB(U11.SG$ and $OCBC Bank(O39.SG$ both trading flat at S$29.33 and S$12.69 respectively. $DBS Group Holdings(D05.SG$ dipped 0.2 per cent or S$0.08 to S$34.95.
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What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
$DBS Group Holdings(D05.SG$$OCBC Bank(O39.SG$$UOB(U11.SG$
$JPMorgan(JPM.US$ , $Bank of America(BAC.US$ , and other top U.S. banks recently offered economic outlooks alongside their fourth-quarter financial results. The consensus: While economic headwinds might not be as dire as once predicted, this year will still be anything but smooth.
Banks and consumers alike are grappling with the impact of persist...
$JPMorgan(JPM.US$ , $Bank of America(BAC.US$ , and other top U.S. banks recently offered economic outlooks alongside their fourth-quarter financial results. The consensus: While economic headwinds might not be as dire as once predicted, this year will still be anything but smooth.
Banks and consumers alike are grappling with the impact of persist...
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