- The three local banks' share price performance was mixed in February 2024, with DBS share price performing the best, with the largest increase of 4.7%, and OCBC share price improving slightly by 1.1% for the month. UOB share price was the worst performer, with a decline of 1.4%, likely due to lackluster dividends announced.
- - Read this at SGinvestors.io -
3-month SORA & 3-month HIBOR decline continues in February
- - Read this at SGinvestors.io -
- Hong Kong interest rates declined in February. The 3-month HIBOR was down 14bps m-o-m to 4.68%, smaller than the decline of 55bps in January. Nonetheless, February’s 3-month HIBOR improved by 112bps y-o-y but was 66bps lower than 4Q23 3-month HIBOR average of 5.34%.
4Q23 Earnings Highlights
NII growth declines as NIM stagnates
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Glenn Thum Phillip Securities Research | https://www.stocksbnb.com/ 2024-03-11
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)
