- We expect Singapore banks to report a rather flattish set of earnings for 4Q22F q-o-q as risk-off sentiment remains amid slowing global growth and interest rate uncertainties. See earnings calendar. Directionally, trends in core income seen over previous quarters are still present, although at different paces.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- With capital levels staying robust, we believe it reasonable to expect a special dividend from DBS (SGX:D05) for 4Q22F. We expect ~S$0.45 dividend from DBS in 4Q22F (4Q21: S$0.36), as well as a hike in FY23F’s ordinary dividends.
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Andrea CHOONG CGS-CIMB Research | LIM Siew Khee CGS-CIMB Research | https://www.cgs-cimb.com 2023-01-24
More reports on banking & finance sector:
Analyst Reports on Singapore Banking & Finance Sector
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Analyst Reports on DBS Group
Analyst Reports on OCBC Bank
Analyst Reports on United Overseas Bank (UOB)
