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Broker's Calls
UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle
OCBC is analyst Jonathan Koh’s top pick due to its commitment to maintaining its 50% dividend payout ratio.
January 02, 2024
Zest
From one war to two: OCBC expects slower loan growth, sustained NIMs after 3QFY2023
OCBC's group CEO Helen Wong says she expects the bank’s current NIMs to hold steady through 1HFY2024 ending June 2024.
November 16, 2023
Zest
What analysts expect from the 3Q results of banks
Competition for loans is expected to continue to intensify as mortgage rates dip below 3-month Sora
October 18, 2023
Zest
Credit quality of OCBC’s SME loans may be risk to the bank
"Default trends will have to be watched as SMEs’ loan payment in Singapore weakened further in 2Q2023": analyst Rena Kwok.
September 15, 2023
Zest
DBS offers better risk-reward with NIM and dividend
Based on the results of the local banks, DBS Group Holdings’ 2QFY2023 ended June results exceeded the expectations of analysts.
August 10, 2023
Zest
Singapore banks are so flush with deposits that DBS is loaning MAS $30 bil
This underscores how Singapore has been a beneficiary as Asia’s wealthy shift their money to a perceived safe haven.
June 07, 2023
Zest
SVB collapse unlikely to cause systemic risk, say analysts
Analysts also largely agree SVB is unlikely to impact markets the way the Global Financial Crisis did in 2008.
March 16, 2023
Broker's Calls
Analysts remain 'overweight' on Singapore banks; SVB seen as a 'non-event' for the sector
CLSA has upped its target prices for all three banks and see NIMs peaking at around 1Q2024.
March 16, 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