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Brokers' take: Analysts downgrade Singapore banks after Fed rate cut

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Analysts are expecting a compression on the net interest margins (NIM) of Singapore banks in their fiscal 2020 forecast following the Federal Reserve's emergency rate cut.

ANALYSTS are expecting a compression on the net interest margins (NIM) of Singapore banks in their fiscal 2020 forecast following the Federal Reserve's emergency rate cut.

In a sector note on Wednesday, CGS-CIMB downgraded the Singapore bank sector to "neutral" from "overweight",...

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