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Banks, consumer sectors likely to come out tops in Q4 earnings; cost pressures could surface

 Uma Devi
Published Thu, Jan 19, 2023 · 02:10 PM
    • Analysts say rising interest rates could result in higher margins and a revival of wealth management income for local lenders, which will lift their overall earnings.
    • Analysts say rising interest rates could result in higher margins and a revival of wealth management income for local lenders, which will lift their overall earnings. PHOTO: BT FILE

    LOCAL companies that could deliver the best financial results for the fourth quarter of 2022 are those that have been able to capitalise on elevated interest rates and the reopening of economies around the world as the Covid-19 pandemic wanes, market watchers polled by The Business Times said. 

    With Singapore-listed companies set to report their latest quarterly results in the coming weeks, analysts believe banks could deliver solid earnings in the light of rising interest rates.

    Thilan Wickramasinghe, head of equity research at Maybank Securities, said lenders will enjoy higher margins from elevated interest rates and a revival of wealth management income. 

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