Shares of Major Singapore Banks Hit Record Highs on Prospect of Stronger Earnings

Dow Jones
07/07

0939 GMT - Shares of Singapore's three major banks finished at record highs, leading gains on the FTSE Straits Times Index. Oversea-Chinese Banking Corp.'s shares gained the most, closing 3.3% higher at 26.34 Singapore dollars. DBS Group ended 2.6% higher at S$68.64, while United Overseas Bank added 2.9% to S$41.69. Citi analyst Tan Yong Hong expects the three banks' profits to grow around 10% each in 2027 after three years of largely stable bottom lines, buoyed by better loan-growth prospects. He expects NIMs to recover toward 2019 levels, as system excess liquidity is consumed. Citi raises its target price for DBS to S$73.50 from S$65.00; for OCBC to S$28.40 from S$24.50; and for UOB to S$41.50 from S$37.40. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

July 07, 2026 05:39 ET (09:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

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

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10