Singapore Banks 4Q23 Round Up - UOB Kay Hian 2024-02-29: Slower Growth Compensated By Higher Yield

Singapore Banks 4Q23 Round Up - Slower Growth Compensated By Higher Yield

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Singapore Banks DBS OCBC UOB | SGinvestors.ioDBS (SGX:D05) OVERSEA-CHINESE BANKING CORP (SGX:O39) UNITED OVERSEAS BANK LTD (SGX:U11)
  • Singapore banks delivered resilient earnings in 4Q23 (DBS: -3% y-o-y, OCBC: +12% y-o-y) with low single-digit growth in net interest income and benign asset quality. DBS and OCBC have increased their final dividend by 12.5% and 5% respectively to S$0.54 and S$0.42. DBS has also proposed a 1-for-10 bonus issue. See DBS's dividend & bonus issue dates.
  • - Read this at SGinvestors.io -

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