Singapore Banks 4Q25 Results Preview - UOB Kay Hian 2026-01-22: Resiliency Shines Despite Seasonally Softer Quarter

• The 4Q25 results season for Singapore banks kicks off with DBS reporting its results on 9 February, followed by UOB on 24 February and OCBC on 26 February. See Earnings Calendar.

US monetary policy approaching a neutral stance.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Maintain OVERWEIGHT.

• The banking sector provides attractive value with a low P/B of 1.66x and a high dividend yield of 4.8% for 2026.
• Our top pick is DBS (SGX:D05) for its attractive 2026 dividend yield of 5.6%.
• We also like OCBC (SGX:O39) for its focus on trade and investment flows within ASEAN and a defensively low 2026F P/B of 1.46x.

Banks provide attractive yield spread.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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)