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Singapore banks
Broker's Calls
CGS-CIMB remains 'neutral' about banks as it expects to see mixed NIM performances ahead of 1Q earnings
UOB will release its results on April 27. DBS will release its results on May 2 while OCBC will announce its results on May 10.
April 21, 2023
Broker's Calls
UOBKH stays 'overweight' on Singapore banks despite plateauing NIM expansion
Shareholders would be rewarded with higher dividends in tandem with strong earnings growth in 2023, the analyst says.
April 17, 2023
Zest
Singapore plans new guidance for banks to vet crypto clients
Stablecoin, non-fungible tokens as well as transferable gaming or streaming credits will also be covered under this initiative.
April 08, 2023
Silicon Valley Bank fallout
Singapore’s banking system has 'insignificant exposures' to SVB and Signature Bank
The impact on Singapore start-ups is also "limited" based on initial feedback, says MAS.
March 13, 2023
Broker's Calls
RHB sees fee income to be 'key earnings driver' in FY2023.
Among the three banks, DBS and OCBC are the RHB team's top picks.
March 13, 2023
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
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
Zest
Trust in Singapore banking industry increases for second straight year: ABS survey
Respondents' trust came from the banks’ resilience as seen in their “strong business and financial performance" through Covid.
February 13, 2023
Broker's Calls
Singapore banks could see upcoming moderation in growth momentum in 2023: IG Asia
DBS, OCBC and UOB will announce their earnings for the 4QFY2022 and FY2022 on Feb 13, Feb 24, and Feb 23.
February 08, 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