CGS-CIMB upgrades Singapore banks, says dividends back in focus
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Fiona Lam
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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.
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