Singapore banks

What to look out for when investing in Singapore banks.

Shareholders of DBS, UOB and OCBC will, unfortunately, have to make do with no more than $0.72, $0.78 and $0.318 per share respectively, lowering yields between 3-4%.

Singapore banks can expect lower net interest margins (NIMs) ahead though credit costs could ease in 2H2020. The reports come after the three local banks posted broad-based net profit declines for 1H20 last week.

The effect of regional lockdowns and economic downgrades are expected to surface among Singapore banks with significant drops in interest rates driving negative pressure on net interest margins (NIMs).

As far as Singapore banks are concerned, Phillip Capital analyst Tay Wee Kuang feels that the recent run-up in prices may have underestimated some underlying risks arising from near term heightened credit costs.

A jump in Singapore bank deposits probably reflects investors’ risk aversion and inflows from markets including Hong Kong given the country’s status as a private banking hub, according to Bloomberg Intelligence.

Say goodbye to savings accounts that barely give you adequate returns on your money, and hello to the ones with the highest interest rates.

Working for DBS, OCBC or UOB? Your job is safe -- for now.

Banks are expected to face increasing strain on their operating environment and loan performance amid the Covid-19 pandemic.

DBS is RHB's least preferred local bank