Singapore Banks - DBS Research 2024-11-29: The Next Wave Of Re-rating

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As a result, DBS's share price and UOB's share price have continued to outperform OCBC's share price by more than 6%, as OCBC's management prefers dividends as a capital management tool over share buybacks as of 3Q24 results.

Enhanced capital management initiatives to support continued sector rerating.

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Rui Wen LIM DBS Group Research | Singapore Research Team DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-11-29 SGinvestors.io

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