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COMMENTARY

Rally in shares of Singapore banks overdone

40254205.2 (40711928) - 29_11_2016 - generics.jpg
DBS Group, Oversea-Chinese Banking Corp and United Overseas Bank have joined a global sector upturn. By historical standards, the three still look cheap.

Hong Kong

SINGAPORE'S banks have come too far, too fast.

DBS Group, Oversea-Chinese Banking Corp and United Overseas Bank have joined a global sector upturn. By historical standards, the three still look cheap. But the lenders are badly exposed as bad debt risks rise across the