Woon Tian Yong - Phillip Futures

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Last quote by Woon Tian Yong

We saw the number of new mortgage originations and existing home sales slowing in the fourth quarter… I am more inclined to believe that recent developments are expected to have further spooked the real estate sector, reducing the loan pool which banks could have tapped on for revenues. Singapore's banks may have to find themselves having to further diversify their businesses amid a sluggish domestic economy. This means venturing out to emerging markets to seek a higher return than the already saturated and competitive domestic banking scene.feedback
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Feb 13 2017 Singapore
Woon Tian Yong has most recently been quoted in an article called Oil has strengthened, but Singapore banks not out of the woods yet. Woon Tian Yong said, “We saw the number of new mortgage originations and existing home sales slowing in the fourth quarter… I am more inclined to believe that recent developments are expected to have further spooked the real estate sector, reducing the loan pool which banks could have tapped on for revenues. Singapore's banks may have to find themselves having to further diversify their businesses amid a sluggish domestic economy. This means venturing out to emerging markets to seek a higher return than the already saturated and competitive domestic banking scene.”.
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