Singapore Banks' 4Q 2023 Net Interest Income Likely to Moderate -- Market Talk

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Singapore Banks' 4Q 2023 Net Interest Income Likely to Moderate -- Market Talk

Dow Jones2024-01-24

0433 GMT - Singapore banks' 4Q interest income could moderate, as wealth management fees and net trading income are likely to be soft, UOB Kay Hian analysts say in a note. Oversea-Chinese Banking Corporation is one of UOB KH's top bank picks; OCBC's interest income growth is expected to moderate to 3.00% on year. In comparison, DBS's interest income is expected to fall 7.00%. The analysts say DBS's 4Q loan growth will likely remain subdued by weakness in corporate loans and repayments by customers. UOB KH maintains a buy rating for both banks, it targets DBS at S$40.25 and OCBC at S$17.00. DBS shares are at S$31.79 and OCBC's are at S$12.89.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 23, 2024 23:33 ET (04:33 GMT)

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MonkeyMs
·2024-01-29
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Oversea-Chinese Banking ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2405451423","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2405451423","pubTimestamp":1706070780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0433 GMT - Singapore banks' 4Q interest income could moderate, as wealth management fees and net trading income are likely to be soft, UOB Kay Hian analysts say in a note. 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