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

• 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

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DBS (SGX:D05)

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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/.

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)