Singapore banks

The revisions follow similar cuts to UOB’s target prices after its results earlier this week

Jefferies downgrades the bank to ‘hold’; Maybank bucks the trend with an upgrade to ‘buy’

The earnings miss S$2.95 billion consensus forecast; bank expects mid-single-digit total income growth for 2027

Currently a board member, Lim will assume the chairmanship on Jan 1, 2027

Lender posts S$1.25 billion net profit for the quarter, while six analysts estimated S$1.38 billion

Its earnings growth is supported by record fee income driven by its wealth, cards and loan-related businesses

All three local lenders trade lower on Monday morning

Analysts expect interest margins to stay under pressure, but asset quality and capital positions to hold firm

It expects lenders to look at material environmental risks arising from clients’ activities and exposures