My take:

1. I think OCBC OCBC will close at S$22.35 on 9 May (Fri).

2. I think UOB UOB will close at S$36.90 on 8 May (earnings day).

3. Will OCBC or UOB match DBS DBS’s wealth management fee surprise?
My vote: Yes, but OCBC is more likely to surprise on the upside than UOB.

Reason: DBS just posted record wealth fees, showing client activity remains strong despite rate headwinds. OCBC has already been delivering standout wealth growth momentum, while UOB’s upside may be steadier rather than explosive.

If I had to pick one dark horse for a “DBS-like” fee surprise: OCBC.

# DBS Beats! $60 is Coming in May?

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