DBS

UOB, OCBC to benefit from mortgage rate hikes this year, says DBS
SINGAPORE (Apr 2): DBS Vickers Securities is remaining bullish on Singapore’s banks as a dividend yield play, while highlighting rising mortgage rates as the sector’s bright spot amid higher cost of funds this year.   In a Tuesday report, analyst Lim Rui Wen says UOB will benefiting from hikes in mortgage rates in 1Q19, as it was the first to increase it Singdollar fixed deposit rates ...
Singapore offers buffet of attractive yield plays amid the easing policy environment, says UOB
SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.    In a particular, the research house is expecting dovish dispositions at both the Federal Reserve (Fed) and the European Central Bank (ECB) to ...
DBS, UOB poised for better NIMs and higher dividend yields, says Maybank
SINGAPORE (Feb 13): Maybank Kim Eng remains positive on the outlook of Singapore’s banking sector, with DBS and United Overseas Bank as its top picks for their gearing towards better net interest margins (NIMs) as well as better dividend-yield visibility. This comes ahead of the release of DBS’s 4Q18 results on Feb 18, followed by UOB and Oversea-Chinese Banking Corporation (OCBC), rated ...
Why UOB is the better of two 'buys', according to DBS
SINGAPORE (Dec 4): DBS Vickers Securities is maintaining its “buy” for United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC) with target prices of $29.50 and $13.20. In a Tuesday report, analyst Lim Rui Wen notes that UOB is offering close to 5% yield and OCBC, at around 4%. In particular, she prefers UOB for its strong capital position and the ongoing build-up of its ...
Singaporeans love their banks but remains wary of other asset managers, finds survey
SINGAPORE (Sept 20): While a majority of Singaporeans view the city state’s financial services sector as more trustworthy than a decade ago, many are cautious towards less familiar sub-industries and new & emerging digital financial services companies. This is according to the inaugural 2018 Financial Services Reputation Index, launched today by MHP Communications and ORC International, ...
UOB is RHB's top sector pick for better NIM prospects & good scope for dividends
SINGAPORE (Aug 7): RHB Research is maintaining its “overweight” stance on Singapore’s banking sector with “buy” ratings for both United Overseas Bank (UOB) and DBS at target prices of $33.30 and $30.30, respectively. In a Monday report, analyst Leng Seng Choon notes that 2Q18 results came generally in line with expectations, with “respectable” sequential growth in net interest ...
This 'interesting' 2Q earnings season could be UOB's chance to shine: DBS
SINGAPORE (July 19): DBS Vickers Securities expects an “interesting” 2Q18 earnings season with diverging trends across Singapore’s banks as they continue to spend on improving technology infrastructure, with some potential for slight upticks in personnel costs for salary revisions. While the research house has rated both UOB and OCBC at “hold” with target prices of $28.30 and $12.20, ...
Trade protectionism, tighter liquidity conditions cast darker cloud over Singapore's economic outlook: DBS
SINGAPORE (July 17): DBS Bank’s outlook for Singapore’s economy in 3Q and beyond is turning “increasingly cloudy” on expectations of a slowdown in GDP growth, as well as declining trade prospects in the longer-term due to the effects of trade protectionism and tighter liquidity conditions. This follows Enterprise Singapore’s Tuesday morning announcement of Singapore’s external ...
Trade war won't be full blown; stay overweight on US, says DBS
SINGAPORE (July 2): Worries over trade tensions between the US versus China and Europe may have rattled markets in recent months, but DBS believes that a protracted, full-blown war is not likely to happen. “End of the day, this will be resolved, it will not be full blown. Everyone recognises the costs,” says the bank’s chief investment officer Hou Wey Fook (photo). Drawing reference ...
Overseas investors like Singapore banks and tech firm Venture: CGS-CIMB
SINGAPORE (June 11): CGS-CIMB Securities is reiterating a number of its top stock picks across various sectors following its recent marketing trip to Tokyo and Hong Kong. There, the research house found that investors in indexed funds were generally “overweight” on Singapore banks and technology, mainly Venture Corp. The tech manufacturer is rated “add” by CGS-CIMB with a target price ...