OCBC upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Harsh Wardhan Modi upgraded OCBC to Overweight from Neutral with a S$13 price target.
Global Equities Roundup: Market Talk
The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day. 2015 ET - Malaysia's Kuala Lumpur Composite Index falls 0.1% to 1495.35 in early tra
Singapore Shares Fall 0.9%, Tracking Wall Street -- Market Talk
0109 GMT - Singapore's FTSE Straits Times Index trades 0.9% lower at 3069.30, tracking Wall Street stocks overnight, IG says. Traders could tilt toward a risk-off mood while awaiting more clarit
Keppel Infrastructure Trust Proposes $146 Million Bonds Offering
11:11 PM EST, 11/24/2021 (MT Newswires) -- Keppel Infrastructure Trust (SGX:A7RU) has proposed to issue SG$200 million ($146.1 million) of bonds due in 2026 under its SG$2 billion multicurrency debt
Singapore's Mapletree Logistics flags $513 mln fundraising to buy Asia properties
Mapletree Logistics Trust said on Tuesday it was launching an equity fundraising of S$700 million ($513 million)through a private placement and preferential issue of units to finance acquisitions of properties in Vietnam, China and Japan. Mapletree Logistics is backed by Mapletree Investments Pte, a subsidiary of state investor Temasek Holdings. The company said the capital will help fund the purchase of 17 logistics assets for S$1.47 billion in China, Vietnam and Japan.
Cromwell European REIT Establishes $556 Million Multicurrency Perpetual Securities Program
02:07 AM EST, 11/08/2021 (MT Newswires) -- Cromwell European REIT (SGX:CWBU), via its trustee Perpetual Asia, established a SG$750 million ($555.6 million) multicurrency perpetual securities program
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1035 ET - Sun Life Financial's upgraded medium-term return on equity
OCBC Buy Case Bolstered by Share Price, Profit Outlook -- Market Talk
0808 GMT - Oversea-Chinese Banking Corp. continues to be a buy for RHB Research, which notes multiple positive share-price catalysts for the lender and solid profit outlook. RHB expects OCBC's s
OCBC's Net Profit Jumps 19% in Q3 on Strong Business Growth, Lower Allowances
04:18 AM EDT, 11/03/2021 (MT Newswires) -- Oversea-Chinese Banking Corp. or OCBC's (SGX:O39) net profit attributable to shareholders climbed 19% to SG$1.22 billion ($904 million) in the third quarter
UPDATE 2-Singapore banks OCBC, UOB post profit jump on lower credit charges
Singapore's second- and third-largest lenders reported better-than-expected quarterly profit increases, building on a recovery from pandemic-hit markets and supported by lower provisions for credit losses. "This quarter, the momentum across our banking, wealth management and insurance business has continued to grow, as reflected by loan, net new money, fee and insurance sales growth," Oversea-Chinese Banking Corp (OCBC) Group Chief Executive Helen Wong, who took charge in April, said in a statement on Wednesday. OCBC's net profit rose to S$1.22 billion ($904.5 million) in July-September from S$1.03 billion in the same period a year earlier and versus the S$936 million average of four analyst estimates compiled by Refinitiv.