$OVERSEA-CHINESE BANKING CORP(O39.SI)$...also ${{5c0d386834b5493eb70e923627e60e29}}$UNITED OVERSEAS BANK LIMITED(U11.SI)$Overnight US banks are up. SG banks have retreated from their recent highs but the macro factors haven't changed -Positive: interest rates hike to contain inflation Negative: economic growth slowdown Push vs pull, we'll need to see how the factors evolve and how 'stagflation'will be handled.
Like many other tech and fintech stocks this year, the one-stop financial services company SoFi$SoFi Technologies Inc.(SOFI)$ (NASDAQ: SOFI)has seen its stock price hammered amid a difficult macro outlook. The stock is down more than 66% this year, as the market takes a much harsher approach to growth valuations. While SoFi has continued to grow, it's still far away from profitability and its guidance for this year has disappointed investors, pushing it to new lows. Is now the time to buy? Growing the business In SoFi's recently reported first quarter of 2022, the company generated a loss of $0.14 earnings per share, which came in line with analyst estimates. SoFi also generated adjusted earnings before interest, taxes, depreciation, and amortiz