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Great Eastern 20.5
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chartistkao1
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23-Mar-2023 10:34
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is the US and Europe' s financial markets decouple from asia' s stock markets Monkey see, monkey do is a pidgin-style saying that was already called an " old saying" in 1900. The saying refers to the learning of a process without an understanding of why it works.
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chartistkao1
Supreme |
23-Mar-2023 10:19
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ocbc keep buying its share during silcon valley bank,silvergate,signature ,credit sussie first republic ' s bank run and fed 0.25% rate hikes https://www.shareinvestor.com/news/news.html?source=sg_sgxnet& nid=515531320
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chartistkao1
Supreme |
23-Mar-2023 10:12
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https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=MOU7CAAXJCFNPHH1
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chartistkao1
Supreme |
23-Mar-2023 10:09
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us and eurpoe banks versus asian banks AMID the banking fallout in the US and the European Union(EU), Asian banks are seen as relatively low-risk given their lower exposure to US and EU corporate bonds. While most US and European banking stocks have corrected sharply following the collapse of several banks over the week, the impact on Asian financials has been more contained, noted industry watchers. The MSCI Asian Financial Index for example, fell by 4.2 per cent since Mar 8, a much smaller decline as compared with the MSCI World Financials Index, which slipped 10.6 per cent in the same period. Sundeep Bihani, Eastspring&rsquo s Asian equities portfolio manager said that most Asian central banks tend to be conservative in their oversight of banks and apply strict standards when it comes to bank funding parameters, bearing in mind lessons from the 1997 Asian Financial Crisis. CGS-CIMB analysts also noted that Asian banks operate rather differently from their Western counterparts, which puts them at much lower-risk than small and mid-sized banks in the US. For these reasons, the brokerage retained its &ldquo overweight&rdquo view on the Asian banking sector, preferring banks whose re-rating may be driven by economic reopening and recovering domestic consumption. The highlighted companies include Bangkok Bank, with a target price of 193 baht, Bank Rakyat Indonesia  with a target price of 5,400 rupiah and China Merchant Bank with a target price of HK$69. All three have an &ldquo add&rdquo rating from CGS-CIMB. Among the three countries, Indonesia&rsquo s banking sector showed the most promising return on equity, driven by a good recovery in credit card or non-mortgage consumer loans, noted analysts. The country took the lead among some 18 regions in the world as its credit card or non-mortgage consumer loan growth rate stood at 29.5 per cent as at January this year, according to data from CGS-CIMB research, Bloomberg and research platform Wind. Thailand and China are also set to catch up with Indonesia, as these economies continue to benefit from their re-opening, analysts said. Meanwhile, Eastspring&rsquo s Sundeep was more optimistic on larger better-capitalised, low-cost funded banks in Asia. These banks&rsquo hold-to-maturity investments should only make up a small percentage of total assets and their short-term liquidity coverage ratios, are high relative to history, Sundeep added, without naming any specific institutions. That said, Asia&rsquo s banking performance is still impacted by future developments in the global markets. Downside risks, CGS-CIMB believes, could come from interest rate cuts, which could hurt net interest margins. A marked slowdown in global economic growth could also result in worsening asset quality for the banks under the brokerage&rsquo s coverage, it added. Eastspring&rsquo s Sundeep said he was also monitoring the potential second-round effects that can come from tighter US dollar liquidity, higher counterparty risks and wider global credit  
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chartistkao1
Supreme |
23-Mar-2023 10:06
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THE conversion of Credit Suisse&rsquo s Additional Tier 1 (AT1) bonds into equity was likely &ldquo idiosyncratic&rdquo in nature, and does not reflect the outcome of other AT1 securities in the system &ndash which include those issued by Singapore banks, CGS-CIMB said on Tuesday (Mar 21). The research team noted in a report that Singapore banks do not share the same risks which led to the event. This is due to strong corporate governance and risk management, resulting in a robust market and consumer confidence. &ldquo We highlight that Credit Suisse underwent a crisis of confidence, which then led to the takeover,&rdquo said CGS-CIMB analysts Andrea Choong and Lim Siew Khee. On Sunday, Credit Suisse said 16 billion Swiss francs (S$23.1 billion) of its AT1 debt will be  written down to zero  as part of its rescue deal with UBS, following orders from Swiss regulator Finma. The move angered bondholders, who are  considering legal action, and  caused UBS shares to plunge. UBS will pay three billion francs for Credit Suisse and take in US$5.4 billion in losses as part of the merger. In its Tuesday report, CGS-CIMB said any impact from the fallout seems to be insignificant for Singapore&rsquo s banking trio as  UOB : U11 -0.58%  does not have any Credit Suisse AT1 holdings, while  DBS : D05 -0.45%  and  OCBC : O39 -1.05%  have little exposure. Furthermore, any investment in other AT1 bonds only accounts for a &ldquo relatively small&rdquo part of the bank trio&rsquo s total investments, according to maturity profile disclosures. Private banks also hold a bulk (84 per cent) of Singapore dollar-denominated AT1 issuances, followed by fund managers (around 10 per cent), observed CGS-CIMB. Although Credit Suisse&rsquo s AT1 problem seems to be a special occurrence, investors should still watch for any spillover effects, CGS-CIMB said. These include selling pressure on other banks&rsquo AT1 securities, which, if sustained, could lead to margin calls. There could also be extended selling pressure in other asset classes such as equities in a bid to raise funds, as the profile of AT1 bondholders leans towards private wealth clients, who tend to subscribe to products with more aggressive risk-return profiles. As a whole, negative sentiment for the sector could lead to overall tighter credit conditions as banks become more conservative, the research team noted. Generally, it views Asean banks as less risky when it comes to AT1 debt due to their limited US and Europe bank and corporate exposures, which make up an average of about 3 per cent of total FY2023 book values.  
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chartistkao1
Supreme |
23-Mar-2023 10:01
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https://www.shareinvestor.com/fundamental/factsheet.html?counter=O39.SI
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chartistkao1
Supreme |
23-Mar-2023 09:56
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usd sgd 1.328 PHILLIP Securities said it remains positive on Singapore banks despite the recent collapse of Swiss banking giant Credit Suisse, resulting in a government-brokered takeover by rival UBS. The research house maintained its sector &ldquo overweight&rdquo rating on Monday (Mar 20) with an emphasis on attractive dividend yield projections of 5.7 per cent. It also sees potential upside from excess capital ratios and the push towards higher return on equity (ROE) by Singapore banks. Analyst Glenn Thum noted that while Singapore banks&rsquo capital and leverage ratios are comparable to those of Credit Suisse, the local banking trio has managed to remain profitable with a positive ROE of about 12.5 per cent, versus Credit Suisse&rsquo s negative ROE of 16.1 per cent. This is because a larger proportion of profitability comes from net interest income (NII) for the Singapore banks, he said, while Credit Suisse&rsquo s focus is on commissions and fee income.  
&ldquo Credit Suisse is subjected to the Liquidity Coverage Ratio (LCR) requirements by the Federal Reserve and has kept an adequate LCR of 144 per cent, which is comparable to that of Singapore banks at about 144 per cent. The issue with what is happening at Credit Suisse does not appear to be its capital ratios,&rdquo observed Thum.
While Credit Suisse reported two consecutive years of net losses due to waning investment banking revenues as well as a loss of wealth management clients, Thum noted that Singapore banks have been posting record revenues and profits, due to higher NII in a higher interest rate environment.  
&ldquo The local banks were able to benefit from the rise in interest rates as they were able to pass on the higher funding costs directly to their customers as the majority of the loans were on a floating rate and could be repriced,&rdquo he elaborated.Amid market speculation which likens Credit Suisse&rsquo s fate with that of the 2008 collapse of Lehman Brothers, Thum highlighted the Swiss bank&rsquo s smaller asset size and total liabilities versus its American counterpart. &ldquo However, Credit Suisse has a larger amount of customer deposits of US$252 billion, as compared to Lehman Brothers&rsquo customer deposits of US$29 billion.&rdquo    
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chartistkao1
Supreme |
17-Mar-2023 13:16
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https://www.bankofengland.co.uk/prudential-regulation/key-initiatives/ring-fencing
 
https://www.mas.gov.sg/news/media-releases/2023/mas-response-to-queries-on-credit-suisse
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chartistkao1
Supreme |
16-Mar-2023 14:32
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no more coordinated help from all central bankers like in 2008 and so banks that run out of liquidity need to tap their own central bank for money https://www.aljazeera.com/economy/2023/3/15/credit-suisse-slump-renews-fears-for-global-banking-crisis
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chartistkao1
Supreme |
16-Mar-2023 14:17
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will this stop the panic and prevent a bank run? https://www.channelnewsasia.com/business/credit-suisse-intends-borrow-54-billion-strengthen-liquidity-swiss-national-bank-3350776
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chartistkao1
Supreme |
16-Mar-2023 14:13
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https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-rise-as-credit-suisse-taps-54-billion-from-swiss-national-bank/
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chartistkao1
Supreme |
16-Mar-2023 14:10
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will the swiss authority save CS? https://www.investors.com/news/credit-suisse-stock-craters-to-record-low-europe-banks-retreat-weakness-spills-to-u-s/
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chartistkao1
Supreme |
16-Mar-2023 10:36
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it is important to note that Singapore banks, like any other bank, have to manage their counterparty risks and exposure to potential credit losses. As part of their risk management practices, Singapore banks are required to conduct stress tests regularly to assess their ability to withstand potential shocks and losses from various scenarios, including the failure of counterparties or other financial institutions. The MAS also closely monitors the exposure of banks to different types of risks and requires them to maintain adequate capital and liquidity buffers to manage these risks. Overall, Singapore banks are well-regulated and have a reputation for being conservative in their risk management practices. While it is possible that they may have some exposure to Silicon Valley Bank, Signature Bank, or Silvergate Bank, their risk management practices and regulatory oversight should help mitigate any potential impact of these exposures.  
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chartistkao1
Supreme |
13-Mar-2023 17:16
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https://www.thestar.com.my/business/business-news/2023/03/13/signature-bank-becomes-next-casualty-of-banking-turmoil-after-svb#.ZA7d6eVm-G4.whatsapp
 
https://www.theguardian.com/business/2023/mar/13/silicon-valley-bank-why-did-it-collapse-and-is-this-the-start-of-a-banking-crisis
 
https://www.vox.com/technology/23634433/silicon-valley-bank-collapse-silvergate-first-republic-fdic
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chartistkao1
Supreme |
10-Mar-2023 09:35
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he opening of China' s borders can potentially benefit AirAsia in several ways:
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chartistkao1
Supreme |
10-Mar-2023 09:33
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https://www.channelnewsasia.com/asia/airasia-renamed-capital-show-more-airline-2465916
 
https://en.wikipedia.org/wiki/AirAsia_X
The opening of borders can have a significant impact on budget airlines, both positively and negatively.
On the positive side, when borders open up, it typically leads to an increase in travel demand, as more people are able to travel freely between countries. This can lead to an increase in the number of passengers for budget airlines, which can translate into higher revenue and profits. However, on the negative side, the opening of borders can also lead to increased competition from other airlines, including traditional carriers that may have more resources and a larger network. This can make it more challenging for budget airlines to maintain their market share and profitability. Additionally, border opening may also affect the cost structure of budget airlines, as changes in regulations, visa requirements, and other factors can impact the cost of operations. For example, new health and safety protocols due to the COVID-19 pandemic can lead to increased costs for airlines to implement and maintain, which can affect the profitability of budget airlines. Overall, the impact of border opening on budget airlines will depend on a variety of factors, including the specific routes and markets they serve, the level of competition, and the cost structure of their operations.
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chartistkao1
Supreme |
09-Mar-2023 14:09
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If the US raises interest rates, it can attract capital inflows from other countries, including China. If there is a flight of capital from China to the US due to US rate hikes, it could have several effects on China:
 
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chartistkao1
Supreme |
09-Mar-2023 13:46
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US' s aggressive rate hikes to %% together with the many sanctions and conflcits it has with other big powers The US-China conflict can have significant effects on the global economy growth for several reasons:
 
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chartistkao1
Supreme |
09-Mar-2023 13:21
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US Dollar Index (DXY) 
 
105.56
-0.10(-0.09%)
 
00:10:00-Delayed Data.
Currency in USD
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chartistkao1
Supreme |
09-Mar-2023 13:16
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us rate hikes and a strong dollar Positive impacts:
 
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