Analysts are positive on Singapore’s banking sector, with the three local banks serving as “good proxies” to a broader economic recovery. 

DBS, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) are scheduled to release their 4QFY2020 results on Feb 10 (before Chinese New Year), Feb 24 and 25 respectively.

Maybank Kim Eng analyst Thilan Wickramasinghe upgrades his outlook on banks here to “positive”, after strong market liquidity and stimulus expectations overrode a “negative” call in November 2020. 

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