Singapore Stock Market News
Banks - No reason to be Moody
StockFanatic
Publish date: Wed, 17 Jul 2013, 04:25 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We are not perturbed by Moody's downgrade of its outlook for
Singapore banks from stable to negative as Singapore's banking
system has proven to be relatively resilient.
 |
| Loan loss coverage ratios have been well above 100% for all three banks |
The downgrade was on the back of
fears of worsening NPL ratios and
higher credit costs as interest rates
rise. Domestically, we believe
business loans are likely to show the
first signs of struggle. But history has
shown that non-Singapore loans
always see trouble first and contribute
most significantly to NPLs. We
remain Neutral on Singapore banks,
with DBS as our top pick for its
multiple non-interest income drivers.
More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!
Latest Videos
Apps
Top Articles
1
CEO Morning Brief
Singapore Swap Rates Set to Narrow Gap With US as MAS Shift Seen
2
CEO Morning Brief
3
RHB Investment Research Reports
4
Collin Seow Remisier Blog
5
RHB Investment Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
