Singapore Banks' Prospects Weighed by Subdued Macroeconomic Outlook -- Market Talk

Dow Jones

2025/04/22

0157 GMT - Singapore banks' prospects are weighed by a subdued macroeconomic outlook, RHB Research's Singapore Research team says in a note as RHB downgrades the sector to neutral from overweight. RHB Economics has reduced its 2025 GDP growth forecast for Singapore to 2% from 2.8% to reflect its base case for another 10% increase in U.S. tariffs to 20% in 2H. Slowing global growth poses risks to Singapore's banks' operating income, while softening export demand and slower economic activities will impact trade and working capital loan demand, the team adds. RHB cuts OCBC's and UOB's ratings to neutral from buy and their target prices to S$17.50 from S$19.10 and to S$37.60 from S$41.60, respectively. RHB keeps DBS's buy rating, but cuts its target price to S$47.00 from S$51.20. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 21, 2025 21:57 ET (01:57 GMT)

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2529836754"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2529836754\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2529836754?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-22 09:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2529836754","market":"other","top_or_hot":-1,"title":"Singapore Banks' Prospects Weighed by Subdued Macroeconomic Outlook -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0157 GMT - Singapore banks' prospects are weighed by a subdued macroeconomic outlook, RHB Research's Singapore Research team says in a note as RHB downgrades the sector to neutral from overweight. RHB Economics has reduced its 2025 GDP growth forecast for Singapore to 2% from 2.8% to reflect its base case for another 10% increase in U.S. tariffs to 20% in 2H. Slowing global growth poses risks to Singapore's banks' operating income, while softening export demand and slower economic activities will impact trade and working capital loan demand, the team adds. RHB cuts OCBC's and UOB's ratings to neutral from buy and their target prices to S$17.50 from S$19.10 and to S$37.60 from S$41.60, respectively. RHB keeps DBS's buy rating, but cuts its target price to S$47.00 from S$51.20. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2025 21:57 ET (01:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Banks' Prospects Weighed by Subdued Macroeconomic Outlook -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Banks' Prospects Weighed by Subdued Macroeconomic Outlook -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-04-22 09:57</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0157 GMT - Singapore banks' prospects are weighed by a subdued macroeconomic outlook, RHB Research's Singapore Research team says in a note as RHB downgrades the sector to neutral from overweight. RHB Economics has reduced its 2025 GDP growth forecast for Singapore to 2% from 2.8% to reflect its base case for another 10% increase in U.S. tariffs to 20% in 2H. Slowing global growth poses risks to Singapore's banks' operating income, while softening export demand and slower economic activities will impact trade and working capital loan demand, the team adds. RHB cuts OCBC's and UOB's ratings to neutral from buy and their target prices to S$17.50 from S$19.10 and to S$37.60 from S$41.60, respectively. RHB keeps DBS's buy rating, but cuts its target price to S$47.00 from S$51.20. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2025 21:57 ET (01:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0878004406.USD","symbol_name":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529836754","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529836754","pubTimestamp":1745287020,"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":"0157 GMT - Singapore banks' prospects are weighed by a subdued macroeconomic outlook, RHB Research's Singapore Research team says in a note as RHB downgrades the sector to neutral from overweight. RHB Economics has reduced its 2025 GDP growth forecast for Singapore to 2% from 2.8% to reflect its base case for another 10% increase in U.S. tariffs to 20% in 2H. Slowing global growth poses risks to Singapore's banks' operating income, while softening export demand and slower economic activities will impact trade and working capital loan demand, the team adds. RHB cuts OCBC's and UOB's ratings to neutral from buy and their target prices to S$17.50 from S$19.10 and to S$37.60 from S$41.60, respectively. RHB keeps DBS's buy rating, but cuts its target price to S$47.00 from S$51.20. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","DBSDY":"DBS Group Holdings Ltd.","O39.SI":"华侨银行","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","UOVEY":"United Overseas Bank Ltd.","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU0971096721.USD":"富达环球金融服务 A","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","U11.SI":"大华银行","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","D05.SI":"星展集团控股","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB  LE EQUITY \"A\" (USD) ACC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0955623706.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) ACC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","LU0048597586.USD":"富达亚洲焦点A","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","SG9999013478.USD":"利安新加坡股息基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","IE0009570106.USD":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD"},"translate_title":"新加坡银行的前景因宏观经济前景低迷而承压——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"O39.SI":0.9,"D05.SI":0.9,"UOVEY":0.9,"U11.SI":0.9,"DBSDY":0.9},"content_text":"0157 GMT - Singapore banks' prospects are weighed by a subdued macroeconomic outlook, RHB Research's Singapore Research team says in a note as RHB downgrades the sector to neutral from overweight. RHB Economics has reduced its 2025 GDP growth forecast for Singapore to 2% from 2.8% to reflect its base case for another 10% increase in U.S. tariffs to 20% in 2H. Slowing global growth poses risks to Singapore's banks' operating income, while softening export demand and slower economic activities will impact trade and working capital loan demand, the team adds. RHB cuts OCBC's and UOB's ratings to neutral from buy and their target prices to S$17.50 from S$19.10 and to S$37.60 from S$41.60, respectively. RHB keeps DBS's buy rating, but cuts its target price to S$47.00 from S$51.20. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 21, 2025 21:57 ET (01:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}