RHB’s top pick is DBS Group Holdings (DBS) for its steady earnings and attractive earnings, followed by the Overseas-Chinese Banking Corporation (OCBC) over United Overseas Bank (SGX:U11
) (UOB), for the former's stronger asset quality metrics.
RHB Bank Singapore (RHB) has maintained its “neutral” call on Singapore banks following what is seen as a “decent” 1QFY2025, with most banks meeting expectations despite sharply lower benchmark rates and a bump up in pre-emptive loan provisioning.
“Amid muted earnings and an uncertain macroeconomic outlook, dividends and capital returns will be key, and Singapore banks remain committed to this,” says RHB in its May 16 report.
