Alliance DBS Research maintains Hold on BIMB

KUALA LUMPUR: Alliance DBS Research is maintaining its Hold recommendation on BIMB and lowered the target price to RM4.10 to RM4.50 after it lowered its earnings outlook. This is based on the Gordon Growth Model 17% returns on equity (previously 18%), 11% cost of equity and 5% long-term growth, it said. Alliance DBS Research sees…

Analysis: Broker share will keep on increasing

While higher income stress tests and the cap on high-LTI activity have subdued lending, more first-timers achieved their aspirations last year. But not everyone has been so fortunate. Our research shows 53 per cent of brokers had difficulty sourcing mortgages for adverse credit and interest-only buyers and 50 per cent struggled with those seeking lending…

Patterson-UTI Energy Announces Term Loan Financing

HOUSTON, March 18, 2015 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that the Company has entered into a $200 million senior unsecured term loan agreement with a group of financial institutions led by Wells Fargo Bank, NA The maturity date of the term loan facility is September 27, 2017, which is the same…

The year 2015 off to a poor start

ASK a number of people and they will say that things are slowing down. One operator of a mall says its retailers are not seeing the robust foot traffic at malls translating into purchasers at shops. People are spending on food and drink but not as much when it comes to durable goods. Even the…

Building a smarter credit card

(NBC News) It’s a payment ritual that’s almost a century old and soon to be extinct. Prepare to say farewell to the swipe-and-sign credit card transaction. New smart-card technology is being phased in. Chip cards with gold squares on the front are already out there. Instead of swiping and signing, the new chip cards go…

Managing Your Credit Report Just Got a Lot Easier

Its important that we be able to have errors deleted from our credit reports. Image: Ervins Strauhmanis, Flickr. The credit industry is necessary; without it we couldnt borrow money to buy homes or cars, and would be walking around with a lot of cash in our pockets, too. Still, it has also long been a…