DBS & OCBC 1Q23 Results Preview - UOB Kay Hian 2023-04-17: NIM Has Plateaued

DBS & OCBC 1Q23 Results Preview - NIM Has Plateaued

Published:
Singapore Banks – DBS, OCBC & UOB | SGinvestors.ioDBS GROUP HOLDINGS LTD (SGX:D05) OVERSEA-CHINESE BANKING CORP (SGX:O39) UNITED OVERSEAS BANK LTD (SGX:U11)
  • We forecast net profit of S$2,446m for DBS (+36% y-o-y but +4% q-o-q) and net profit of S$1,706m for OCBC (+26% y-o-y and +31% q-o-q) in 1Q23. DBS’s and OCBC’s net interest income grew by a massive 54% and 57% y-o-y respectively but the pace of NIM expansion has started to moderate and plateau. Asset quality remains benign.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -

Singapore Banks' 1Q23 earnings release

DBS (SGX:D05) – BUY; Target price S$41.80.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.



Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-04-17



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)






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