After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
UOB is overshadowed by weaker fee outlook and asset-quality concerns, but some analysts call it a ‘value play’
Add BT as a preferred source
[SINGAPORE] Analysts are increasingly split on the outlook for Singapore’s three banks after their second-quarter results, as wealth management becomes a key differentiator in a lower interest rate environment.
They were more upbeat on DBS and OCBC as their strong wealth management performances were accompanied by a more positive broader earnings outlook.
UOB, meanwhile, faces questions over the execution of its wealth strategy, alongside persistent asset-quality concerns and a weaker fee income forecast.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
