- We expect Singapore banks DBS. OCBC and UOB to report a modest set of earnings in 1Q23F. We think that share price movement will likely be driven by any changes in management outlook on credit demand, risk appetite and asset quality, as investors pivot away from focusing on margin expansion.
- - Read this at SGinvestors.io -
- Strong wealth inflows into Singapore amid global volatility (given its status as a financial safe haven) provide dry powder for deployment into wealth management products when risk sentiment improves.
- 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 2023-04-15
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)
