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Singapore banking sector
Results
UOB reports 11% higher net profit of $1.1 bil for 2QFY2022
The bank has declared an interim dividend of 60 cents per share, unchanged from the year before.
July 29, 2022
Broker's Calls
UOB Kay Hian maintains 'overweight' on Singapore banks; sector to benefit from NIM expansion
On the overall banking sector, Koh notes that the three banks do not have exposure to residential mortgages in mainland China.
July 21, 2022
Broker's Calls
CGS-CIMB remains 'overweight' on banking sector on anticipated margin expansion
The recommendation comes after deposits in April rose by 2.9% m-o-m, the highest since August 2021.
June 01, 2022
Broker's Calls
CGS-CIMB maintains 'add' on Singapore banks despite 10% earnings drop
The banks are well-positioned to sustain their dividend policies in FY2022, according to the analysts at CGS-CIMB.
May 04, 2022
Broker's Calls
UOB Kay Hian predicts lower y-o-y net profit for DBS and OCBC in 1QFY2022 due to high base
Shares in DBS and OCBC closed at $33.64 and $12.11 respectively on Apr 22
April 22, 2022
Broker's Calls
Analysts are 'overweight' on Singapore banking scene as US interest rates rise
Analysts have kept their “overweight” ratings on the Singapore banking sector, in light of rising US interest rates in March
April 07, 2022
Zest
Singapore investment banking fees decline 15.6% to US$221.3 mil in 1Q2022: Refinitiv
During the 1Q2022, M&A activities in Singapore increased by 13.0% y-o-y to US$28.6 billion.
March 24, 2022
Broker's Calls
UOB Kay Hian sees 'strong support' for DBS and OCBC at $30 and $11 respectively amid geopolitical uncertainties
The brokerage has kept "buy" on DBS and OCBC with TPs of $35.80 and $15.10 respectively.
March 11, 2022
Broker's Calls
UOB Kay Hian remains positive on DBS and OCBC ahead of 4QFY2022 results
The brokerage sees all three banks as being the prime beneficiaries of higher interest rates.
February 07, 2022
Singapore economy
2022 themes include peaking inflation, supply chain easing, higher interest rates and rebound in tourism: PhillipCapital
The brokerage’s STI target for end-2022 remains at 3,400 points.
January 10, 2022