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BANK EARNINGS

Dividend cap on Singapore banks to weigh down sentiment

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DBS and UOB will report their Q2 earnings and interim dividends on Aug 6, while OCBC will wrap up the results season on Aug 7.

Singapore

ANALYSTS have reset their dividend estimates for Singapore banks in the upcoming second-quarter results, while also projecting for sharp dips in share prices in the near term, after the regulator nudged banks to cap their dividends.

In a move to shore up capital amid the...

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