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DBS OCBC 2Q23 Results Preview - UOB Kay Hian 2023-07-20: Steady & Sturdy

DBS OCBC 2Q23 Results Preview - Steady & Sturdy

Published:
Singapore Banks - DBS OCBC UOB | SGinvestors.ioDBS (SGX:D05) OVERSEA-CHINESE BANKING CORP (SGX:O39)
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  • We forecast that banks’ 2Q23 earnings will be powered by strong y-o-y growth in net interest income, robust net trading income and disciplined cost containment. Asset quality and credit costs remain benign.
  • Maintain OVERWEIGHT. Our top picks are OCBC (BUY, target price: S$17.50), followed by DBS (BUY, target price: S$41.50).
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    • SG Banks 2Q23 Earnings

    • 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/ 2023-07-20


    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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