Today’s Headline

“All 3 local banks saw a fall in their full-year net profit; DBS at $4.25 billion down by 5%, OCBC at $3.47 billion down by 11% and UOB at $3.1 billion down by 3.5%; Concerns validated, however all 3 showed resilience amid challenges.”

Related News:
- https://thedailycurate.wordpress.com/2017/02/17/market-overview-70217
Source: https://goo.gl/Uyl4mG

Today’s Outlook

“OCBC Investment Research made a “Buy” call for Capitaland at targeted price of $3.68, as Q4 in 2016 rose 73.8% and the overall looks healthy and in line with expectations.”

Related News:
- https://thedailycurate.wordpress.com/2017/02/16/thursday-16-feb-17

STI has been one of Asia’s top performers with a rise of 7.9% although at the same time last year, STI saw a fall of more than 10%. Budget 2017 might help stimulate growth or ease cooling measures on properties.”

Source: https://goo.gl/3KHEZs

 

 

Image Credit: http://sbr.com.sg/financial-services/in-focus/heres-why-covered-bonds-wont-save-local-banks-shrinking-margins
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