Singapore Banks - UOB Kay Hian 2026-06-23: Factoring In Resiliency Premium; Up DBS TP To 72.50, OCBC TP To 29.70

Factoring In Resiliency Premium For Singapore Banks; Up DBS TP To 72.50, OCBC TP To 29.70

Published:
Singapore Banks - DBS OCBC UOB | SGinvestors.io
  • The cessation of reciprocal tariffs and hostilities in the Middle East paves the way for continued economic expansion. Our top pick is OCBC for its strategic shift to accelerate growth. We also like DBS for its attractive 2026 dividend yield of 5.0%.

Singapore recognised for its fiscal austerity and conservatism.

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  • Singapore’s government has persistently generated budget surplus. Recurring net investment return contributions, which averaged S$25.1b over the past five years during 2021-25, accounted for about one fifth of the government’s annual operating expenditure. Singapore’s safe-haven status has become even more internationally recognised.

Singapore banks differentiated by structural resiliency.

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  • Secondly, the banks have stable asset quality, strong capital adequacy and liquid balance sheets, which help them to weather tightening financial conditions in the event of a potential sovereign debt crisis.

Wealth management becomes core pillar and growth driver.

  • 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/ 2026-06-23



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)






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