net interest margin (NIM)

Banking & finance

UOB upbeat on higher fees, delayed rate cuts and Asean focus

UOB reported a 1QFY2024 core net profit of $1.6 billion, up 5% q-o-q but down 1% y-o-y.
DBS's record net profit of $10.3 billion prompts higher dividend, 1-for-10 bonus  - THE EDGE SINGAPORE


DBS's record net profit of $10.3 billion prompts higher dividend, 1-for-10 bonus

DBS has raised its dividend to 54 cents and also announced a 1-for-10 bonus.

Broker's Calls

Analysts remain positive on banks ahead of 3QFY2022 results due to NIM expansions

CGS-CIMB remains “overweight” on the sector while DBS expects the sector to see “higher absolute dividends” for FY2022.

Broker's Calls

Singapore banks expected to be hit by lower NII, slow loan growth: Phillip Securities

The three-month Singapore interbank offer rate (3M-SIBOR) and three-month swap offer rate (3M-SOR) have fallen to their respective seven-year lows, the brokerage notes.

Broker's Calls

'Stay cautious' on Asean banks amid Covid-19, opt for defensive plays: Maybank

Wickramasinghe says that although Singapore may likely witness one of its strongest contractions in the region, this may not translate directly to its banking system.

Hot Stock

UOB falls most since May on surprise lending margin squeeze

(Oct 26): United Overseas Bank fell the most in almost five months after a key gauge of loan profitability fell, overshadowing higher third-quarter net income at the Singaporean lender.

Broker's Calls

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.
Oversea-Chinese Banking Corporation (OCBC)

Broker's Calls

OCBC kept at 'buy' on steady earnings growth in 3Q

SINGAPORE (Oct 10): UOB Kay Hian is keeping its “buy” call on Oversea-Chinese Banking Corporation (OCBC) with a target price of $13.38 given expectations the bank could report steady earnings growth for the third quarter of 2017.

Broker's Calls

Why DBS remains Deutsche’s top sector pick despite downgrade

SINGAPORE (Aug 23): Deutsche Bank says DBS Group Holdings remains its top pick within the Singapore banks sector, even after recently downgrading the stock to “hold” based on valuations following the bank’s recent run-up in share price post 2Q17 res

Broker's Calls

Singapore’s banks are back on track with improved business sentiment

SINGAPORE (Aug 10): UOB Kay Hian is maintaining “overweight” on Singapore’s banking sector with DBS and Oversea-Chinese Banking Corporation (OCBC) as its top “buy” picks with target price estimates of $24.85 and $13.38 respectively.