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Singapore banking sector
Broker's Calls
Analysts remain positive on banks ahead of 3QFY2022 results due to NIM expansions
CGS-CIMB remains “overweight” on the sector while DBS expects the sector to see “higher absolute dividends” for FY2022.
October 21, 2022
Broker's Calls
CLSA lifts all three TPs of Singapore banks on higher-than-expected NIMs
The banking sector is also the only sector in the market to benefit from the rising rates, note the analysts at CLSA.
October 12, 2022
Broker's Calls
CGS-CIMB ‘overweight’ on banking industry with DBS as preferred sector pick
Choong and Lim raise Singapore banks’ earnings per share (EPS) by around 1% to 4% in FY2022 to FY2024
September 30, 2022
Broker's Calls
RHB prefers DBS, OCBC as banks suspend fixed-rate home loans
The brokerage remains 'overweight' on the Singapore banking sector.
September 29, 2022
Banking & finance
Singapore's highest deposit rates in 24 years spark long waits
Several lenders in the city-state are dangling promotional interest rates as high as 2.8% on Singapore dollar fixed deposits.
September 08, 2022
Results
UOB reports 11% higher net profit of $1.1 bil for 2QFY2022
The bank has declared an interim dividend of 60 cents per share, unchanged from the year before.
July 29, 2022
Broker's Calls
UOB Kay Hian maintains 'overweight' on Singapore banks; sector to benefit from NIM expansion
On the overall banking sector, Koh notes that the three banks do not have exposure to residential mortgages in mainland China.
July 21, 2022
Broker's Calls
CGS-CIMB remains 'overweight' on banking sector on anticipated margin expansion
The recommendation comes after deposits in April rose by 2.9% m-o-m, the highest since August 2021.
June 01, 2022
Broker's Calls
CGS-CIMB maintains 'add' on Singapore banks despite 10% earnings drop
The banks are well-positioned to sustain their dividend policies in FY2022, according to the analysts at CGS-CIMB.
May 04, 2022
Broker's Calls
UOB Kay Hian predicts lower y-o-y net profit for DBS and OCBC in 1QFY2022 due to high base
Shares in DBS and OCBC closed at $33.64 and $12.11 respectively on Apr 22
April 22, 2022