The pressure begins so that Morgan Stanley and others either say something nice or nothing at all. This pressure is to be denounced!
Where are the regulators denouncing this, in particular in Singapore?
Onésimo Alvarez-Moro
See article:
Singapore’s third-largest bank has decided not to invite Morgan Stanley’s local banking analyst to briefings with its senior executives in an apparent sign of displeasure about coverage by the US investment bank.
Oversea-Chinese Banking Corp will also decline to meet fund managers introduced by Morgan Stanley.
Disputes between companies and research analysts are not uncommon in Asian countries, but it is rare for companies in Singapore.
Matthew Wilson, the Morgan Stanley analyst, has never given a “buy” recommendation for OCBC since he began covering the bank in 2004, whereas the company has received such a recommendation from other investment banks.
Mr Wilson has generally taken a more sceptical attitude on Singapore’s three local banks than his counterparts in the city-state and has argued that OCBC’s stock is overvalued.
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