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SG Banks appear to be enjoying renewed investor interest amid a shift in rate expectations, continued strong wealth momentum and fee income generation, coupled with a fairly comfortable outlook ahead that the banks hold, despite uncertainties from the Middle East conflict. As such, we are tactically upgrading our sector call from Neutral to OVERWEIGHT, with our stock preference: OCBC > DBS > UOB.
Singapore banks under our coverage reported 1Q26 results that broadly met estimates.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
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Overall, the results broadly met our and consensus expectations. As for dividends, DBS's dividends (ordinary and capital return) declared were also in line.
Higher non-II and lower credit cost aids y-o-y uptick.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2026-05-28
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)
