- Singapore banks are expected to deliver steady 1Q24 net profits of S$2,486m for DBS (-3% y-o-y but +10% q-o-q) and S$1,824m for OCBC (-3% y-o-y but +12% q-o-q) in 1Q24, supported by resilient asset quality.
- - Read this at SGinvestors.io -
- Maintain OVERWEIGHT on Singapore banking sector. Our top picks are DBS followed by OCBC.
SG Banks' 1Q24 Earnings
- - Read this at SGinvestors.io -
DBS Group (SGX:D05)
- 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/ 2024-04-16
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)
