- 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 the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://maybanktrade.com.sg/.
Thilan Wickramasinghe Maybank Research | https://www.maybank-ke.com.sg/ 2024-04-25
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)
