Singapore Banks - Potential Dividend Upside?
OVERSEA-CHINESE BANKING CORP (SGX:O39)
UNITED OVERSEAS BANK LTD (SGX:U11)
DBS GROUP HOLDINGS LTD (SGX:D05)
- Singapore Banks continue to have ample capital for higher dividends; keep watch on upcoming dividends.
- NIM expansion started to moderate from 4Q22.
- Benign credit environment persists, more normalised credit costs ahead.
- Remain positive on Singapore Banks for resilient earnings performance, maintain BUY on UOB, OCBC.
Singapore Banks continue to have ample capital for higher dividends; keep watch on upcoming dividends.
- Read this at SGinvestors.io -
- Read this at SGinvestors.io -
4Q22 NIMs set to moderate from peak; UOB to see NIM uplift from Citi consolidation.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Rui Wen LIM DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-02-01
More reports on banking & finance sector:
Analyst Reports on Singapore Banking & Finance Sector
Read also:
Analyst Reports on DBS Group
Analyst Reports on OCBC Bank
Analyst Reports on United Overseas Bank (UOB)
