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Home / Capital / Brokers Calls

Can Singapore banks weather the storm as surprise property cooling measures strike?

Broker's Calls

Can Singapore banks weather the storm as surprise property cooling measures strike?

Stanislaus Jude Chan Published on Fri, Jul 06, 2018 / 1:30 PM GMT+8

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SINGAPORE (July 6): DBS Group Research is downgrading its recommendations for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) – and slashing their target prices by up to 20%.

This comes after the government yesterday evening announced a couple of property cooling measures that will kick in with effect from today.

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