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Singapore banks
Broker's Calls
Maybank Kim Eng downgrades Singapore banks to 'sell' while CGS-CIMB remains positive on the sector
Maybank Kim Eng has downgraded all three banks to "sell" while CGS-CIMB has maintained its "add" rating.
December 02, 2020
Broker's Calls
CGS-CIMB analysts upgrade DBS and OCBC to 'buy' on stabilising NIMs, while PhillipCapital prefers UOB for sector exposure
Shares in DBS, OCBC and UOB closed $24.40, $9.43 and $21.26 respectively on Nov 10.
November 10, 2020
Broker's Calls
Singapore banks' 3Q earnings beat expectations due to treasury income, says CGS-CIMB
The rest of the analysts mostly recommend investors ‘buy’ DBS and UOB, and ‘hold’ on to OCBC.
November 06, 2020
Broker's Calls
Maybank Kim Eng expects Singapore banks' 3Q2020 trading update to be 'less bad, but not great'
UOB will be the first to report its quarterly results on Nov 4, while DBS and OCBC will release theirs on Nov 5.
October 20, 2020
Broker's Calls
PhillipCapital is 'neutral' on Singapore banking sector, while UOB Kay Hian remains upbeat
As at 4.30pm, shares in DBS, OCBC, and UOB are trading 1.62% up, 1.28% up and 1.23% up, at $21.39, $8.70 and $19.70 respectively.
October 12, 2020
Broker's Calls
Analysts remain 'neutral' on Singapore banking sector following extension of loan relief measures
Shares in DBS, OCBC and UOB closed $20.71, $8.62 and $19.53 on Oct 6.
October 06, 2020
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.
October 01, 2020
Broker's Calls
Asean banks face 'long road to recovery', DBS top pick here: Maybank
Analysts warn of Singapore experiencing “one of the strongest contractions in the region” due to its open and trade-driven economy
September 15, 2020
Zest
Extension of dividend cap beyond 2020 a 'possibility': DBS
DBS has recommended “buy” on UOB with a target price of $22.20, and “hold” on OCBC with a target price of $9.30.
September 11, 2020
Broker's Calls
PhillipCapital foresees 'long and gradual recovery ahead' for Singapore banking sector
See why PhillipCapital analyst Tay Wee Kuang is "neutral" on the Singapore banking sector.
September 10, 2020