DBS, OCBC, UOB may cut guidance in Q1 as macro uncertainty weighs on outlook: analysts
Q1 results likely to stay resilient, but expect softer growth for the full year, they say
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[SINGAPORE] Singapore banks may cut their earnings guidance for 2025, as uncertainty in the macroeconomic outlook weighs on their growth prospects for the year, analysts said.
While the local lenders will likely continue to post resilient results for the first quarter of 2025, analysts noted a lack of clarity ahead. Several downgraded the sector ahead of the release of their results.
The Singapore banks are due to report their first quarter results this week – beginning with UOB on Wednesday (May 7), then DBS on May 8, and finally, OCBC on May 9.
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