Welcome!
Singapore banking sector
Banking & finance
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
Banking & finance
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
Broker's Calls
Maybank downgrades Singapore banks to 'neutral' on NPL risks; lowers UOB and OCBC to 'hold'
Analyst Thilan Wickramasinghe points out that the sector’s risk-reward is now “largely balanced” as operations are still resilient
March 13, 2023
Broker's Calls
Banks will benefit from the full impact of previous rate hikes in 2023, says UOB Kay Hian
UOB Kay Hian analyst Jonathan Koh has kept his "overweight" rating for the sector with "buy" calls for DBS and OCBC.
March 06, 2023
Banking & finance
Rich investors' hesitance to trade a blow to Singapore banks
Lenders in the city-state, that’s seen as a safe haven, are seeing less fees from these customers.
February 24, 2023
Broker's Calls
RHB keeps 'overweight' rating on Singapore banks; sees overall earnings to improve by 20% y-o-y in FY2023
Among the banks, RHB prefers DBS for its higher NIM sensitivity to interest rate changes, and OCBC, given its cheaper valuation.
January 09, 2023
Results
UOB posts record high earnings of $1.4 bil in 3QFY2022, up 34% y-o-y
During the 9MFY2022, net profit surged by 12% y-o-y to $3.42 billion.
October 28, 2022