Singapore Banks' 1Q Earnings Momentum May Flatline -- Market Talk

Dow Jones04-26

0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research analyst Thilan Wickramasinghe in a note. Higher funding costs could also reduce net interest margins but rising expectations for delayed rate-cuts may provide some offset to keep loan yields supported, Wickramasinghe says. Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 26, 2024 03:12 ET (07:12 GMT)

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Ngohiang
04-26
Ngohiang
LOLs this guy wants to buy $DBS shares, so he 'reports' crap pieces like these...

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Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 26, 2024 03:12 ET (07:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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' 1Q Earnings Momentum May Flatline -- 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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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' 1Q Earnings Momentum May Flatline -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research ...</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":"U11.SI","symbol_name":"大华银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430393248","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430393248","pubTimestamp":1714115520,"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":"0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research analyst Thilan Wickramasinghe in a note. Higher funding costs could also reduce net interest margins but rising expectations for delayed rate-cuts may provide some offset to keep loan yields supported, Wickramasinghe says. Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. 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Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 26, 2024 03:12 ET (07:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":299413025239160,"gmtCreate":1714118303916,"gmtModify":1714123086008,"author":{"id":"3559474713781575","authorId":"3559474713781575","name":"Ngohiang","avatar":"https://static.tigerbbs.com/1f00c455fcf192c420fd06daac9b2b0d","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"LOLs this guy wants to buy $DBS shares, so he 'reports' crap pieces like these...","listText":"LOLs this guy wants to buy $DBS shares, so he 'reports' crap pieces like these...","text":"LOLs this guy wants to buy $DBS shares, so he 'reports' crap pieces like these...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299413025239160","repostId":2430393248,"repostType":2,"repost":{"id":"2430393248","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1714115520,"share":"https://www.laohu8.com/m/news/2430393248?lang=&edition=full","pubTime":"2024-04-26 15:12","market":"hk","language":"en","title":"Singapore Banks' 1Q Earnings Momentum May Flatline -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2430393248","media":"Dow Jones","summary":"0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research analyst Thilan Wickramasinghe in a note. Higher funding costs could also reduce net interest margins but rising expectations for delayed rate-cuts may provide some offset to keep loan yields supported, Wickramasinghe says. Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research analyst Thilan Wickramasinghe in a note. Higher funding costs could also reduce net interest margins but rising expectations for delayed rate-cuts may provide some offset to keep loan yields supported, Wickramasinghe says. Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 26, 2024 03:12 ET (07:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"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' 1Q Earnings Momentum May Flatline -- 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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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' 1Q Earnings Momentum May Flatline -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2024-04-26 15:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research analyst Thilan Wickramasinghe in a note. Higher funding costs could also reduce net interest margins but rising expectations for delayed rate-cuts may provide some offset to keep loan yields supported, Wickramasinghe says. Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 26, 2024 03:12 ET (07:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U11.SI":"大华银行","O39.SI":"华侨银行","DBSDY":"DBS Group Holdings Ltd.","UOVEY":"United Overseas Bank Ltd.","D05.SI":"星展集团控股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2430393248","content_text":"0712 GMT - Singapore banks are likely to see their overall earnings momentum flatline in 1Q with net interest income having peaked and slower non-interest income recovery, says Maybank Research analyst Thilan Wickramasinghe in a note. Higher funding costs could also reduce net interest margins but rising expectations for delayed rate-cuts may provide some offset to keep loan yields supported, Wickramasinghe says. Loans growth could still be pressured due to a weak North Asia, high rates and a strong Singapore dollar impacting foreign currency translation, he adds. Maybank has a buy rating for DBS, with a target of S$37.66. It has a hold rating for UOB and OCBC with a targets of S$30.88 and S$14.05, respectively. DBS shares last at S$34.44, UOB at S$30.45 and OCBC at S$14.25.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 26, 2024 03:12 ET (07:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430393248"}