Singapore Banks – Operational Positives at UOB Should Not Conceal Credit Quality Realities
We are the first to admit, that United Overseas Bank Ltd (UOB SP) core income drivers in 1Q18 were good. Funding cost growth was relatively subdued...
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The Week that Was in ASEAN@Smartkarma - Buoyant Budgets, Hospitals, and Telcos
This week's offering across ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive and actionable insights from across...
155 Views
Kitchen-Sinking Leads to Disappointing 4Q for Sembcorp Marine; Shares Still Overvalued
No-moat Sembcorp Marine Ltd (SMM SP)'s fourth-quarter net loss of SGD 34 million was below expectation due to weak operating leverage on the back...
141 Views
Last Week in Event SPACE - Mirae, Softbank, NTT Docomo, Kakao, A/H Shares
Last week, Mirae Asset Daewoo Securities Co Ltd (006800 KS)'s rights and arb opportunities; IPO'ing its mobile unit will provide a better...
270 Views
StubWorld - Set-Up & Unwind Extremes: Sembcorp, Aeon, First Pacific
This week: Sembcorp Marine Ltd (SMM SP) enjoys an early week flurry, but likely pivots off conference exhaust; Aeon Co Ltd (8267 JP)'s mall...
213 Views