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Analysts not expecting surprises from local banks

[SINGAPORE] Analysts do not expect major surprises from the three local banks' second-quarter results. So what will they be looking out for?

Top of the scrutiny list would be disclosures on their China exposures and Asean businesses.

Increasingly, the trio - DBS Group Holdings, OCBC Bank and United Overseas Bank - are seeing their profit driven by their non-Singapore operations. Still, core earnings are likely to remain stable with loan growth expected at 2-3 per cent during the quarter.

Profit contribution outside Singapore last year was a high 41 per cent for OCBC to a low of 34 per cent at DBS. For UOB, it was 39 per cent.

UOB reports on July 31, DBS Aug 1 and OCBC Aug 5.

The average Q2 net profit...

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