banking sector

SINGAPORE (Aug 22): Maybank Kim Eng is upgrading UOB to “buy” with a target price of $26.40 on pricing discipline and sensitivity to re-pricing intervals.

SINGAPORE (June 8): UOB Kay Hian is remaining “overweight” on Singapore’s banking sector after reviewing the city state’s three banks based on asset quality as well as ability to generate pre-provision operating profit (PPoP).

SINGAPORE (Feb 3): CIMB Research remains “underweight” on Singapore banks given that asset quality concerns still loom, especially since Ezra Holdings today announced the possibility of a US$170 million ($240 million) writedown.

SINGAPORE (Jan 27): Daiwa Capital Markets is keeping a positive stance on all three of Singapore’s main banks in the near term as it anticipates their earnings per share (EPS) recovery for 2017-18E, driven by the stabilisation of credit costs and modest

SINGAPORE (Nov 30): UOB Kay Hian is keeping its “overweight” call on the Singapore banking sector while maintaining its “buy” recommendations on DBS Group and Oversea-Chinese Banking Corp (OCBC) at target prices of $20.15 and $10.45 respectively.

SINGAPORE (Oct 6): Asean banks are facing slower GDP growth, a weaker operating environment and increasing downside risks – but most should have adequate loss-absorption buffers to support their current ratings, says Fitch Ratings.

SINGAPORE (Aug 10): Singapore’s banks are in for a rough time, says Morgan Stanley.