DBS OCBC 1Q24 Results Preview - UOB Kay Hian 2024-04-16: Softer NIM But Resilient Asset Quality

• 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.
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• Maintain OVERWEIGHT on Singapore banking sector. Our top picks are DBS followed by OCBC.

SG Banks' 1Q24 Earnings

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DBS Group (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)