- We expect DBS to declare higher quarterly dividend of 60 cents and special dividend of 50 cents. We expect OCBC to raise interim dividend by 9.5% y-o-y to 46 cents.
- - Read this at SGinvestors.io -
- See Earnings Calendar – the 4Q24 results season for Singapore banks kicks off with DBS reporting on 10 Feb 25, followed by UOB on 19 Feb 25 and OCBC on 26 Feb 25.
We forecast DBS’ net profit to grow 12% y-o-y but weaken 16% q-o-q to S$2,535m in 4Q24.
Steady loan growth aided by strength in US$ and HKD.
- - Read this at SGinvestors.io -
NIM compression delayed to 1Q25.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-01-17
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)
