- 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/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-01-22
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)
