The past two weeks have been a win streak for REITs and $Keppel(BN4.SI)$, both delivering solid results! $OCBC Bank(O39.SI)$ hit a new all time high; DBS is already flirting with its record high 👀
Next week, Singapore’s Big 3 banks — $DBS(D05.SI)$ , $UOB(U11.SI)$ , and $OCBC Bank(O39.SI)$ — are set to release their earnings!
US big banks just crushed earnings season!
The top six pulled in $41B in profit last quarter (+19% YoY)!
NIMs are holding steady, credit provisions are dropping, and several banks even raised next-quarter NII guidance.
Goldman’s investment banking revenue surged 42%, JPMorgan and Citi’s fees jumped 16% and 17%, and JPM is on track to post over $50B in annual profit for a second straight year.
🔎 How did Singapore banks do last quarter?
DBS: Profit up 1% to S$2.8B, beating estimates; record AUM from wealth clients; trading income doubled to a 13-quarter high.
UOB: Net income fell 6% as lending income slipped more than expected.
OCBC: Lower profit overall, though net income still topped forecasts.
Despite macro headwinds and lower rates, all three banks saw their wealth management business pick up the slack as trading and fee income strengthened.
This quarter’s key watchpoints for 3 banks:
NIM resilience — Morningstar says DBS’s margin should hold up better than OCBC’s thanks to superior hedging and exposure to rebounding HK rates.
Insurance gains — OCBC’s Great Eastern unit posted a 36% YoY jump in Q3 profit.
Dividend potential — Citi expects OCBC to maintain a S$1.01/share dividend in 2025, with a possible special payout of S$0.16.
Will DBS or UOB break out to new record highs after earnings?
Can DBS close above S$55 next Friday? 📈✨
🎁Join the prediction game
Each participant who guesses the correct closing price will share 1,000 Tiger Coins (evenly split).
Each participant gets 5 Tiger Coins just for joining.
If no Tiger correctly predicts DBS’s closing price next Friday, the 1,000 Tiger Coins will be split equally among all participants.
💬 Comment below:
E.g.
1. I think DBS will close at 55.
2. I think UOB will set new high.
The reward is based on the rounded number. For example, if DBS closes at SGD55.2, coins will be distributed based on the SGD55 prediction.
The second prediction is simple: just answer one company name: DBS, UOB, OCBC.
Comments
Given its track record of beating estimates and the bank’s strong momentum from record AUM and robust trading income, I’m optimistic about a positive market reaction after the results. Investors have been rewarding consistency and profitability, and DBS checks both boxes.
That’s why I’m predicting DBS will deliver good earnings and close at S$56 next Friday. As for which bank might set a new high, my vote goes to DBS — the fundamentals and sentiment both look too strong to ignore. ✨📈
@Tiger_SG @TigerStars @Tiger_comments
@Universe宇宙 @Zarkness @HelenJanet @rL @SPACE ROCKET @LMSunshine @Shyon @koolgal @Aqa @nomadic_m @GoodLife99
I am a long term investor of DBS and it has rewarded me well with great dividends and excellent capital growth.
Which bank can break out to new record highs after earnings?
My vote goes to DBS. It hit a record high on October 7 soaring to reach SGD 54.80. It is a short hop to go above SGD 55.00 and beyond .
DBS is undoubtedly my best performing Singapore stock in October.
Go Long Go Strong Go DBS🥰🥰🥰🌈🌈🌈💰💰💰
@Tiger_SG @TigerStars @Tiger_comments @TigerClub @CaptainTiger
A total of 40 Tigers guessed correctly.
There were two questions — answers such as “DBS will not close above S$55” or “OCBC will hit a new high” were considered correct.
Congratulations to these 40 winners, each receiving 25 Tiger Coins, sharing a total of 1,000 coins!