Singapore Banks 1Q24 Earnings - Maybank Research 2024-04-25: What To Expect?

• DBS is set to report 1Q24 earnings on 02 May, UOB on 08 May and OCBC on 10 May 2024.
• - Read this at SGinvestors.io -

Flattish momentum with benign asset quality

• We expect overall earnings momentum to flatline in 1Q24 from a combination of peaking net-interest income and slower non-interest income recovery. Higher funding costs may chip away at net-interest margins, but rising expectations of rate-cut delays may provide some offset in keeping loan yields supported.
• - Read this at SGinvestors.io -
• Wealth management is a key area to watch on whether clients are finally taking on more risks in the current macro environment.
• Despite greater macro volatility, we expect asset quality to remain benign given client and sector mix.

Muted loan growth

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.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)