Wider net interest margins for Singapore banks in 2018: RHB

SINGAPORE (Dec 19): Singapore bank stocks have performed well in 2017, but RHB says this could be because banks typically perform well in periods of interest rate upcycle.

Hence, RHB is maintaining a “neutral” recommendation on Singapore banks with a slight “overweight” bias.

UOB is the research house’s preferred stock pick and only “buy” recommendation within its Singapore banks coverage, with a target price of $28.88.

---

Related Stories

• RHB lifts SGX’s TP to $10.40 after strong operating data in May
• Keppel’s higher fund management fee income to contribute to earnings growth in FY2024: PhillipCapital
• DBS holds $100 bil market cap for second day; analysts mixed on 1QFY2024 results

---