Bank Credit Compass: Asia Tier 2 and Short Duration Notes Sit in the Sweet Spot
Asia’s Tier 2 notes slightly outperformed AT1 in May. Shorter-duration bonds outperformed although there was greater differentiation in longer...
202 Views
STI Rebounds 4% Since 14 May, Continues to Outpace Global Benchmark in YTD
With resilient business investment and regional trade supporting Banks, Industrial and Manufacturing-related stocks, in addition to multiple...
618 Views
Singapore Stocks Paralleled GDP Strengths in 1Q21
Singapore’s economy expanded 1.3% YoY in 1Q21, a reversal from the 2.4% YoY contraction in 4Q20. Key drivers of the 1Q21 GDP growth were...
529 Views
Chong Hing Bank (1111 HK): Yue Xiu's Offer Is Light
I think this is being done too cheaply. Yet, no other suitor will emerge. Ultimately, this is where long-suffering shareholders cash out. Assuming...
407 Views
Singapore Banks – Loan Migration
We believe the positive loan migration risk is at DBS and the least positive is at UOB. The implications are for lower credit costs at DBS than...
197 Views