domestic banking unit (DBU)

DBU funding supported by foreign currency deposits, costs expected to fall: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

DBU funding supported by foreign currency deposits, costs expected to fall: CGS-CIMB

The analysts are maintaining “neutral” on the sector, recommending “hold” on all three banks.

Broker's Calls

Property market revival augurs well for banking stocks

SINGAPORE (July 17): UOB KayHian is maintaining its “neutral” rating on Singapore banks stocks which are currently trading at about 1.1 to 1.2x forward P/BV or slightly below the historical average.
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