Analysts from CGS-CIMB Research and RHB Group Research have maintained their “overweight” calls on the Singapore banking sector after the Monetary Authority of Singapore (MAS) announced, on July 28, that it has lifted the restrictions on dividends on Singapore banks and finance companies.
Quoteworthy: "In the short term, the market will amplify all the negatives concerning China as usual. That is the easy part. The hard part is identifying the next sector that Beijing will target and why." — DBS Economist Chris Leung, on China's crackdown on private tuition
MAS lifts dividend cap on banks to positive reactions
