UOB is RHB's top sector pick for better NIM prospects & good scope for dividends

SINGAPORE (Aug 7): RHB Research is maintaining its “overweight” stance on Singapore’s banking sector with “buy” ratings for both United Overseas Bank (UOB) and DBS at target prices of $33.30 and $30.30, respectively.

In a Monday report, analyst Leng Seng Choon notes that 2Q18 results came generally in line with expectations, with “respectable” sequential growth in net interest income mainly driven by loan expansion.