Bank Credit Weekly: Bank Mandiri and RBS Issuance Suggest Value in the Market
The rally in Asia’s high yield index stalled with spreads largely unchanged week-on-week. All Asian bank subordinated Tier 2 and Additional Tier 1...
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OCBC – Only The Beginning
*Weak Quarter: OCBC posted a messy set of results in 1Q20 – as earnings declined SGD 545 mn (43.8%) linked quarter. Credit quality and Great...
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UOB – Adjusted Profit Down 40%?
We have to adjust profit figures to better understand Singapore banks’ growth. This is due to their move to add to loan loss reserves from the...
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Standard Chartered – Going Backward Again
* Solid 1Q20 Result: Standard Chartered plc (2888.HK/STAN.LN) [STAN] reported a fairly robust set of 1Q20 results – coming in at USD 517 mn,...
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Bank Credit Weekly: HY Recovery Following Oil Price Crater; Policy Moves in Turkey Get Rewarded
The crowding-in rally stalled in bank credit as policy makers grabbled with when or how to turn the lights back on. We expect a dimly lit future...
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