- Amid a scenario of flattish earnings as the interest rate cycle turns, we think the focus should be on dividend yields and dividend growth. Maintain NEUTRAL rating for singapore banking sector. Our preferred pick is DBS (SGX:D05) for capital management.
- - Read this at SGinvestors.io -
2Q24 results were a slight beat
- Singapore banks’ (SG Banks) 2Q24 results were a slight beat on a milder-than-expected q-o-q decline in trading and investment (T&I) income, while opex and credit cost tracked below estimates. DBS and OCBC posted results that exceeded our and consensus’ expectations on the abovementioned reasons, while UOB’s results were in line.
- - Read this at SGinvestors.io -
Moderating non-II sees 2Q24 PATMI slip q-o-q.
- Read more at SGinvestors.io.
