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Attractive dividend yields to prop up DBS, OCBC, UOB shares as earnings soften in Q4

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Tan Nai Lun

Tan Nai Lun

Published Mon, Feb 5, 2024 · 05:00 AM
    • Analysts say the trio of local banks are likely to continue to post attractive dividend yields in Q4, which should provide support for their share prices.
    • Analysts say the trio of local banks are likely to continue to post attractive dividend yields in Q4, which should provide support for their share prices. PHOTO: GIN TAY, ST

    EARNINGS for the trio of local banks – DBS , OCBC and UOB – for the three months ended December 2023 are expected to be softer quarter on quarter, amid weaker net interest margins (NIMs) and seasonally weaker fee income.

    But analysts said the lenders are likely to continue posting attractive dividend yields for Q4, which should provide support for their share prices.

    CGS-CIMB analysts Andrea Choong and Lim Siew Khee said the banks’ Q4 earnings will likely be weighed down by seasonally softer business volumes given the end-of-year festive period.

    Singapore banksFinancial resultsDBSOCBCUOBSpotlight

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