SINGAPORE (Nov 2): DBS and Maybank are keeping their “hold” calls on UOB with respective target prices of $19.20 and $21.00 while OCBC is maintaining a “buy” on the bank with $21.65 fair value.

“We prefer UOB as it is best positioned to navigate the current cycle,” says Maybank analyst Ng Li Hiang in a report out today.

“With the challenges ahead, we expect some deterioration to take place and this will result in higher provisions ahead. We have raised impairment charge from $521 million to $628 million in FY16,” says OCBC analyst Carmen Lee in a Friday report.

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