Based on his observations, all three banks generally saw healthy growth in contributions from fee income as well as contributions from credit cards over the quarter.
SINGAPORE (Aug 10): UOB Kay Hian is maintaining “overweight” on Singapore’s banking sector with DBS and Oversea-Chinese Banking Corporation (OCBC) as its top “buy” picks with target price estimates of $24.85 and $13.38 respectively.
In a Monday report, analyst Jonathan Koh notes that while OCBC and United Overseas Bank’s (UOB) 2Q17 beat the research house’s expectations, DBS’ results came in line.
