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Home / Capital / Brokers Calls

Upside risk for domestic interest rates bodes well for Singapore banks

Broker's Calls

Upside risk for domestic interest rates bodes well for Singapore banks

PC Lee Published on Fri, Jun 08, 2018 / 1:29 PM GMT+8

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A+

SINGAPORE (June 8): UOB KayHian is maintaining its “overweight” on Singapore’s banking sector given the recent correction in the bond market as well as sustained strength in the US dollar.

In a Friday report, UOB analyst Jonathan Koh says the recent rise in government bond yields around the world is a US-centric phenomenon.

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