Singapore Banks - Maybank Research 2025-07-28: What To Expect For 2Q25 Earnings?

• OCBC is set to report 2Q25 earnings on 01 Aug, DBS and UOB on 07 Aug – see Earnings Calendar.

Sequential weakness, some bright spots. NEUTRAL.

• - Read this at SGinvestors.io -
• We think DBS and UOB have the higher potential to surprise on the upside from better wealth fees and trading income. We will look for more clarity on OCBC’s strategy and growth path following its unsuccessful Great Eastern privatization, and unexpected leadership change.
• - Read this at SGinvestors.io -

Net Interest Income slowing. Loan growth positive surprise?

• Read more at SGinvestors.io.

Thilan Wickramasinghe Maybank Research | https://www.maybanktrade.com.sg/ 2025-07-28

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