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Singapore banking sector
Broker's Calls
Maybank downgrades Singapore banks to 'neutral' on NPL risks; lowers UOB and OCBC to 'hold'
Analyst Thilan Wickramasinghe points out that the sector’s risk-reward is now “largely balanced” as operations are still resilient
March 13, 2023
Broker's Calls
Banks will benefit from the full impact of previous rate hikes in 2023, says UOB Kay Hian
UOB Kay Hian analyst Jonathan Koh has kept his "overweight" rating for the sector with "buy" calls for DBS and OCBC.
March 06, 2023
Zest
Rich investors' hesitance to trade a blow to Singapore banks
Lenders in the city-state, that’s seen as a safe haven, are seeing less fees from these customers.
February 24, 2023
Broker's Calls
RHB keeps 'overweight' rating on Singapore banks; sees overall earnings to improve by 20% y-o-y in FY2023
Among the banks, RHB prefers DBS for its higher NIM sensitivity to interest rate changes, and OCBC, given its cheaper valuation.
January 09, 2023
Results
UOB posts record high earnings of $1.4 bil in 3QFY2022, up 34% y-o-y
During the 9MFY2022, net profit surged by 12% y-o-y to $3.42 billion.
October 28, 2022
Broker's Calls
Analysts remain positive on banks ahead of 3QFY2022 results due to NIM expansions
CGS-CIMB remains “overweight” on the sector while DBS expects the sector to see “higher absolute dividends” for FY2022.
October 21, 2022
Broker's Calls
CLSA lifts all three TPs of Singapore banks on higher-than-expected NIMs
The banking sector is also the only sector in the market to benefit from the rising rates, note the analysts at CLSA.
October 12, 2022
Broker's Calls
CGS-CIMB ‘overweight’ on banking industry with DBS as preferred sector pick
Choong and Lim raise Singapore banks’ earnings per share (EPS) by around 1% to 4% in FY2022 to FY2024
September 30, 2022
Broker's Calls
RHB prefers DBS, OCBC as banks suspend fixed-rate home loans
The brokerage remains 'overweight' on the Singapore banking sector.
September 29, 2022
Zest
Singapore's highest deposit rates in 24 years spark long waits
Several lenders in the city-state are dangling promotional interest rates as high as 2.8% on Singapore dollar fixed deposits.
September 08, 2022