Brokers' take
Singapore banks
Morgan Stanley, Sept 9
SINGAPORE banks remain the best positioned in Asean for our base case rate environment: We see 26 to 28 per cent upside. Our preference is based on net interest margin (NIM) benefits and the risks rising US rates present for the more emerging sectors in Asean. We are now also able to place Singapore banks in a global context as regards rate increases. In our view, Asian rate-sensitive banks benefit relative to global banks in the "Goldilocks…
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