SUBSCRIBERS
CGS-CIMB upgrades Singapore banks, says dividends back in focus
Published Mon, Nov 9, 2020 · 09:50 PM
Singapore
CGS-CIMB has turned more positive on Singapore banks, as the brokerage expects credit costs to peak this year with asset quality holding steady moving forward.
Their return on equity (ROE) is also inching up, and dividends are coming back in focus, said CGS-CIMB analysts Andrea Choong and Lim Siew Khee.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Puma returns to sales growth in Americas despite ‘volatile’ market
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
AstraZeneca lifts FTSE 100 to record high
Amazon breaks into Europe 5G networks with Telefonica cloud deal
Nanjing Xinjiekou Department Store announces May 23 EGM; Cordlife seeking legal advice
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up