Jun
07
Cheap Singaporean Banks Lure Investors Betting on Fed
BySingaporean bank stocks are priced near the cheapest valuations in 16 months as the city’s borrowing costs and loan volumes drop, presenting an opportunity to investors betting on a U.S. interest-rate increase this year.
The decline in Singapore’s interbank rate from a six-year high is temporary and it will probably rise in step with Federal Reserve rates in coming months, according to Samsung Asset Management’s Alan Richardson. That’s likely to boost interest income and margins at DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. and United Overseas Bank Ltd., he said…
Cheap Singaporean Banks Lure Investors Betting on Fed
