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Singapore banks face scrutiny on asset quality at upcoming Q2 results

As companies struggle to cope with virus fallout, potential loan default risk from SMEs may weigh on earnings

Citi analyst Robert Kong said Q2 is likely to be the quarterly earnings trough for DBS and UOB. He is looking at DBS's Q2 profit falling 37 per cent year-on-year; OCBC, 29 per cent; and UOB, 39 per cent.


MOUNTING concerns over asset quality are likely to take centre stage at the upcoming quarterly results of Singapore's banking trio as companies brace for a prolonged crisis.

With businesses facing a triple whammy of lockdowns, a deep recession and the gradual unwinding of...

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