Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

Lending Club, the leading loan marketplace that has epitomized the rise of the fintechs and its growth from startup to corporate status, went public in December 2014 raising $900 million.&nbsp;It is&nbsp;the flag bearer for all fintechs that has successfully&nbsp;navigated the tricky years from inception and&nbsp;private funding to the public market. Since its&nbsp;IPO at&nbsp;$15 per share, the company has seen lots of volatility in its share price, which at the time of writing this, sat below its pre-IPO price at $12.47 with an all time high of&nbsp;$29.29.&nbsp;Many have concluded that its share price trajectory&nbsp;is representative of the waning confidence in the broader fintech industry. Is there truth in this belief or is there more than what meets the eye about the darling of the fintech world? Let's take a look.

Lending Club, the leading loan marketplace that has epitomized the rise of the fintechs and its growth from startup to corporate status, went public in December 2014 raising $900 million.&nbsp;It is&nbsp;the flag bearer for all fintechs that has successfully&nbsp;navigated the tricky years from inception and&nbsp;private funding to the public market. Since its&nbsp;IPO at&nbsp;$15 per share, the company has seen lots of volatility in its share price, which at the time of writing this, sat below its pre-IPO price at $12.47 with an all time high of&nbsp;$29.29.&nbsp;Many have concluded that its share price trajectory&nbsp;is representative of the waning confidence in the broader fintech industry. Is there truth in this belief or is there more than what meets the eye about the darling of the fintech world? Let's take a look.

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Equity Bottom-Up

Basel defines market risk as follows:Market risk is defined as the risk of losses in and off-balance sheet positions arising from movements in market prices. (BCBC International Convergence of Capital Measurement and Capital Standards. June 2006, pp 683(i))In our sample of 15 banks across Asia and the world, it may come as a surprise, that Singapore&rsquo;s banks have high market risk to total risk figures.DBS in particular, leads all the banks we examine.Perhaps the perception that Singapore banks are sleepy, conservative and plain vanilla is not quite right?

Basel defines market risk as follows:Market risk is defined as the risk of losses in and off-balance sheet positions arising from movements in market prices. (BCBC International Convergence of Capital Measurement and Capital Standards. June 2006, pp 683(i))In our sample of 15 banks across Asia and the world, it may come as a surprise, that Singapore&rsquo;s banks have high market risk to total risk figures.DBS in particular, leads all the banks we examine.Perhaps the perception that Singapore banks are sleepy, conservative and plain vanilla is not quite right?

Freelance Research Analyst

Tay Hock Meng

Urban Redevelopment Authority (URA) has launched the latest residential site launch in the East along Siglap Road, close to East Coast Park, the upcoming Thomson-East Coast Line (TEL), good schools, various dining and entertainment areas District 15 is known for. &nbsp;These good amenities follows a slew of other residential site launches with good amenities nearby including the Lorong Lew Lian site which was snapped up by City Developments Limited for $321 million, and the Alexandra View site won by Tang Skyline Pte Ltd for $376.88 million. How prominent and what good features the Siglap holds? We&rsquo;ll examine the site and thoughts from some analysts.

Urban Redevelopment Authority (URA) has launched the latest residential site launch in the East along Siglap Road, close to East Coast Park, the upcoming Thomson-East Coast Line (TEL), good schools, various dining and entertainment areas District 15 is known for. &nbsp;These good amenities follows a slew of other residential site launches with good amenities nearby including the Lorong Lew Lian site which was snapped up by City Developments Limited for $321 million, and the Alexandra View site won by Tang Skyline Pte Ltd for $376.88 million. How prominent and what good features the Siglap holds? We&rsquo;ll examine the site and thoughts from some analysts.

Another Prominent Residential Site Launch in the East

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Asia's Leading Online Property Group

PropertyGuru

PropertyGuru Pte Ltd owns and operates a real estate property information website. The Company offers facilities to search for condominiums, apartments, Housing and Development Board (HDB) flats, serviced apartments, houses, and commercial properties to rent and buy in Singapore.

As the co-working trend gains popularity, a new office space concept is beginning to take a larger share of the market:<ul><li>Gone are the days when solopreneurs, freelancers and the like are okay with either staying home or fighting for space at their local caf&eacute;s to do their work. In the same manner, those working for companies no longer want to work in tiny enclosed cubicles. This is how the way we work has changed in recent years.</li><li>With the rise of start-up businesses and the growing popularity of flexible working, the global office market is seeing, now more than ever, a need to accommodate an increasing demand for shorter-termed shared and flexible workspaces.</li><li>In the second part of our feature on shared and flexible offices, we shed light on co-working spaces and the new office space concept that has ensued.</li></ul>

As the co-working trend gains popularity, a new office space concept is beginning to take a larger share of the market:Gone are the days when solopreneurs, freelancers and the like are okay with either staying home or fighting for space at their local caf&eacute;s to do their work. In the same manner, those working for companies no longer want to work in tiny enclosed cubicles. This is how the way we work has changed in recent years.With the rise of start-up businesses and the growing popularity of flexible working, the global office market is seeing, now more than ever, a need to accommodate an increasing demand for shorter-termed shared and flexible workspaces.In the second part of our feature on shared and flexible offices, we shed light on co-working spaces and the new office space concept that has ensued.

Co-Working Spaces: New Generation Offices

With cooling measures taking a toll even on the well-heeled, where is the luxury segment heading? &nbsp;<ul><li>Good Class Bungalows have seen transaction volumes and values fall, and are likely to observe continued declines as 2015 closes</li><li>Luxury apartments have been declining over the last four years, but there are recent signs that the market might be thawing</li><li>All eyes are now on South Beach Residences as a bellwether for the state of the luxury market</li><li>Singapore&rsquo;s luxury market on the mainland has sound fundamentals, and is likely to see good capital gains in the long term</li></ul>

With cooling measures taking a toll even on the well-heeled, where is the luxury segment heading? &nbsp;Good Class Bungalows have seen transaction volumes and values fall, and are likely to observe continued declines as 2015 closesLuxury apartments have been declining over the last four years, but there are recent signs that the market might be thawingAll eyes are now on South Beach Residences as a bellwether for the state of the luxury marketSingapore&rsquo;s luxury market on the mainland has sound fundamentals, and is likely to see good capital gains in the long term

Singapore

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

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UOB (UOB SP)

An Analysis on Lending Club

Lending Club, the leading loan marketplace that has epitomized the rise of the fintechs and its growth from startup to corporate status, went...

Ishita Jain

Singapore Banks Have High Market Risk

Basel defines market risk as follows:Market risk is defined as the risk of losses in and off-balance sheet positions arising from movements in...

Daniel Tabbush

Another Prominent Residential Site Launch in the East

Urban Redevelopment Authority (URA) has launched the latest residential site launch in the East along Siglap Road, close to East Coast Park, the...

Tay Hock Meng

Co-Working Spaces: New Generation Offices

As the co-working trend gains popularity, a new office space concept is beginning to take a larger share of the market: Gone are the days when...

PropertyGuru

Aspirational Assets

With cooling measures taking a toll even on the well-heeled, where is the luxury segment heading? Good Class Bungalows have seen transaction...

PropertyGuru

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