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Brokers' take

Published Wed, Oct 19, 2016 · 09:50 PM

Singapore banks | Underweight

CIMB Research, Oct 18

The banks will report earnings on Oct 27 (OCBC), Oct 28 (UOB) and Oct 31 (DBS). We expect earnings to decline 2-5 per cent quarter on quarter from weaker net interest income (NII) and higher provisions, though non-NII could improve after a risk-off Q2.

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