@Ron18:JPMorgan is forecasting that Singapore bank share prices will fall later in 2023, due to a risk of non performing loans (NPL). A team of five analysts from the financial services company say that Singapore banks are a harbinger of asset quality issues for the region, and they think that this sector should “range-trade” on valuations and dividends, before NPLs lead to a drop in stock prices. According to Fidelity, range trading is an active investing strategy that identifies a range at which the investor buys and sells over a short period. They hand “neutral” ratings on DBS and OCBC, and are most optimistic about UOB, which they have given an “overweight” rating. In their Jan 2 report, the analysts explain that for UOB, its valuations and the $3.6 million Citi deal offers upside on revi