Singapore banks weakest in Asia

Earnings to barely grow 2% YoY.

Nomura forecasts ASEAN banks to post average earnings growth of 13% in 2013F, slightly lower than the 17% projected by us for 2012. This compares with growth of 12% for BRICS countries in 2013F versus no growth in 2012F.

However, ASEAN countries have generally been seeing rising earnings estimates for 2013F, said Nomura.

Within ASEAN, the strongest growth in 2013F is forecast for Thailand and Indonesia. Singapore (2%) and the Philippines (6%) are expected to post the weakest growth.

The key drivers of growth in 2013F are expected to be loan growth (14% in 2013F vs. 15% in 2012F), higher
margins, lower cost structures and stable provisions.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.25540.000.00%
    USDSGD=X
    1.7348+0.0001+0.01%
    EURSGD=X
    2.1064-0.0002-0.01%
    GBPSGD=X
    81.6399-0.0339-0.04%
    SGDJPY=X
    6.1758+0.00010.00%
    SGDHKD=X
    2.60110.000.00%
    SGDMYR=X
    9,263.8701-35.8145-0.39%
    SGDIDR=X
    4.9688+0.00010.00%
    SGDCNY=X
    1.1660+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,283.50-1.10-0.09%
    GCM14.CMX
    19.440.00+0.01%
    SIK14.CMX
    92.88+1.82+2.00%
    ^XAU
    3.060.00-0.10%
    HGK14.CMX
    101.56+0.12+0.12%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.03
    ^FVX
    2.69-0.04
    ^TNX
    3.47-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.122+0.002+1.67%
    B22.SI
    0.61+0.005+0.83%
    E5H.SI
    2.22+0.010+0.45%
    JS8.SI
    0.16+0.002+1.27%
    5GB.SI
    0.142-0.003-2.07%
    545.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.031+15.58%
    5UZ.SI
    0.22+0.020+10.00%
    D6U.SI
    0.184+0.014+8.24%
    5WD.SI
    0.275+0.020+7.84%
    5TP.SI
    0.161+0.011+7.33%
    A03.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.055-18.33%
    T18.SI
    0.196-0.024-10.91%
    5WR.SI
    0.161-0.019-10.56%
    T16.SI
    0.36-0.040-10.00%
    S24.SI
    0.098-0.010-9.26%
    C11.SI