Singapore banks

SINGAPORE (Dec 4): DBS Vickers Securities is maintaining its “buy” for United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC) with target prices of $29.50 and $13.20.

SINGAPORE (Oct 11): Jefferies is reiterating its modestly bullish stance on Singapore within the global asset allocation.

(Aug 2): DBS Group Holdings Ltd. shares fell after second-quarter results suffered from what Chief Executive Officer Piyush Gupta described as the worst performance in its treasury and markets operation since he took the top job almost a decade ago.

SINGAPORE (July 19): DBS Vickers Securities expects an “interesting” 2Q18 earnings season with diverging trends across Singapore’s banks as they continue to spend on improving technology infrastructure, with some potential for slight upticks in pers

SINGAPORE (July 6): DBS Group Research is downgrading its recommendations for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) – and slashing their target prices by up to 20%.

SINGAPORE (June 11): CGS-CIMB Securities is reiterating a number of its top stock picks across various sectors following its recent marketing trip to Tokyo and Hong Kong.

SINGAPORE (June 8): UOB KayHian is maintaining its “overweight” on Singapore’s banking sector given the recent correction in the bond market as well as sustained strength in the US dollar.

SINGAPORE (May 22): Maybank Kim Eng is remaining “positive” on Singapore’s banking sector in spite of rising fixed deposit (FD) rates as it continues to anticipate catalysts from NIM expansion, higher loan growth and fee income.

SINGAPORE (Jan 9): Deutsche Bank Markets Research says the increasing strength from Singapore banks’ private and consumer banking businesses is giving them the edge over other US dollar-leveraged markets such as Hong Kong.

SINGAPORE (Dec 19): Singapore bank stocks have performed well in 2017, but RHB says this could be because banks typically perform well in periods of interest rate upcycle.