The analyst explains his positive view on the sector, saying that bank dividend yields are attractive at 5% with upside surprises due to excess capital ratios.
PhillipCapital analyst Glenn Thum has maintained his “overweight” call on the Singapore banking sector and “buy” ratings on all three local banks.
Thum has also given target prices of $41.60, $35.70 and $14.42 to DBS, UOB, and OCBC respectively,
