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Stable Q2 results for Singapore banks unlikely to beat Q1’s outperformance, but dividend yields remain attractive: analysts

DBS, OCBC and UOB are due to report first-half earnings in early August

Mia Pei
Megan Cheah
Published Mon, Jul 29, 2024 · 05:00 AM
    • Singapore banks have enjoyed strong share performances on expectations that the US Federal Reserve will hold rate cuts to later in the year, say analysts.
    • Singapore banks have enjoyed strong share performances on expectations that the US Federal Reserve will hold rate cuts to later in the year, say analysts. PHOTO: BT FILE

    DBS , OCBC and UOB are likely to post resilient, if unspectacular, earnings ahead of impending rate cuts – but it will be difficult to beat the first quarter’s robust results, said analysts.

    That said, the trio of local banks are still sporting generally attractive dividend yields, they added.

    The three banks are slated to report their Q2 results in early August – UOB is up first on Aug 1, followed by OCBC on Aug 2, and DBS on Aug 7.

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