- We forecast 2Q23 net profit of S$2,466m for DBS (+31% y-o-y but -4% q-o-q) and S$1,722m for OCBC (+16% y-o-y but -8% q-o-q).
- - Read this at SGinvestors.io -
- Maintain OVERWEIGHT. Our top picks are OCBC (BUY, target price: S$17.50), followed by DBS (BUY, target price: S$41.50).
- OCBC provides attractive 2023/24 dividend yield of 5.9%/6.3%.
SG Banks 2Q23 Earnings
- - Read this at SGinvestors.io -
DBS (SGX:D05)
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ 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
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Analyst Reports on DBS Group
Analyst Reports on OCBC Bank
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