Sing Investments & Finance NDR Takeaways - Maybank Research 2026-06-11: SME Growth, Stable Margins, Tech Upside

• MIBG recently hosted a corporate day event with Sing Investment & Finance (SingFinance, SGX:S35), where senior management reiterated its focus on the SME lending sector, prudent cost management, and the adoption of new technologies to capture rising global AI and tech demand.

Niche SME-lending franchise remains key

• - Read this at SGinvestors.io -

• Management reiterated that over 70% of its loan book comprises predominantly collateralised SME loans, while over 50% of its exposure is concentrated in property loans and automotive financing. We believe this property exposure complements Singapore’s construction boom, underpinning our +5% y-o-y FY26E loan growth estimate.

• - Read this at SGinvestors.io -

Stable funding base with competitive funding costs

• We recall SingFinance’s deposit-funded model is mainly comprised of fixed deposits. Despite their typically higher cost, management reiterated that its cost of funds remained low at 2.2% in FY25, staying competitive with incumbent banks and reflecting disciplined cost management.

• Management also highlighted that almost half of its deposits have maturities beyond 3 months, which should provide a buffer against liability repricing and support stable funding costs over the medium term.

Jumping on the AI bandwagon

• Read more at SGinvestors.io.

Toh Xuan Hao Maybank Research | https://www.maybanktrade.com.sg/ 2026-06-11

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