“The SG banks had another strong quarter — DBS and OCBC beating Street expectations and UOB in line,” say CLSA analysts Neel Sinha and Daxin Lin.
Amid expectations of an impending interest rate cut, analysts from CLSA and RHB Bank Singapore are keeping their respective “overweight” and “neutral” calls on Singapore banks.
CSLA analysts Neel Sinha and Daxin Lin name their preference for the banks in the order of DBS Group Holdings (DBS), United Overseas Bank (SGX:U11
) (UOB) and Oversea-Chinese Banking Corporation (OCBC), while RHB’s analysts name DBS as its preferred pick for capital management.
