2010年5月新加坡银行业研究报告

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

【出版时间及名称】：2010年5月新加坡银行业研究报告
        【作者】：瑞士信贷
        【文件格式】：pdf
        【页数】：30
        【目录或简介】：

1Q10 results – mixed on operational drivers: OCBC reported the best
results, as it grew loans strongly (first market share gain in a long time),
maintained margins ex-Bank of Singapore and delivered good insurance
performance. UOB lost market share in Singapore, but margins declined
less than expected. DBS did fairly well on loans but not on margins. All three
banks enjoyed sharp improvement in asset quality and new NPL formation.
In addition, trading and investment gains had a great quarter.
■
2010 will be a year of pulls and pushes: Robust GDP growth in Singapore
has raised expectations for loan demand, but margins remain under
pressure. Fees should continue to do well, but trading is likely to moderate.
Hence, revenue and pre-provision operating profit growth will be challenging,
except for OCBC, which should gain from the acquisition of ING Asia Private
Bank (renamed Bank of Singapore). Sharply falling loan loss provisions
should drive profits in DBS and UOB (less so in OCBC); scrip dividends
dilute earnings and ROEs.
■
OCBC top pick near term, DBS on a 12-month view: Apart from the only
bank with a respectable revenue/PPOP growth this year, OCBC is gaining in
a strong GDP environment. We like its wealth management platform, and
the bank is gaining loan market share for the first time effectively in years.
DBS should enjoy positive benefits from the new CEO’s strategy over a
period and stands to gain the most when SIBOR starts to rise (likely in 2011).

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：行业研究报告 研究报告 行业研究 新加坡 银行业 研究报告 新加坡 银行业

我就不明白，除了几位版主可以看得到--还有人买得起，看得了吗？？？那么推荐之说是什么标准？？？