Singapore Banks' 3Q Sequential Earnings Likely to Remain Weak -- Market Talk

Dow Jones10-27

0249 GMT - Singapore banks' 3Q sequential earnings will likely remain flat to negative, Maybank Securities head of research Thilan Wickramasinghe writes in a report. Net interest margins are declining at a faster clip, offsetting improvements in credit growth and wealth fees, he says. The banks' asset quality is also expected to remain benign, with credit costs within or slightly below their guidance, he adds. However, the banks could report sequential positive momentum in wealth-management fees. "Low rates and risk-on market conditions should catalyze fixed deposit conversion to higher-yield wealth products and bancassurance," he says. Maybank maintains its neutral rating on Singapore banks. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 26, 2025 22:49 ET (02:49 GMT)

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However, the banks could report sequential positive momentum in wealth-management fees. \"Low rates and risk-on market conditions should catalyze fixed deposit conversion to higher-yield wealth products and bancassurance,\" he says. Maybank maintains its neutral rating on Singapore banks. 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Net interest margins are declining at a faster clip, offsetting improvements in credit growth and wealth fees, he says. The banks' asset quality is also expected to remain benign, with credit costs within or slightly below their guidance, he adds. However, the banks could report sequential positive momentum in wealth-management fees. \"Low rates and risk-on market conditions should catalyze fixed deposit conversion to higher-yield wealth products and bancassurance,\" he says. Maybank maintains its neutral rating on Singapore banks. (amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 26, 2025 22:49 ET (02:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2663582299.SGD","symbol_name":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2578660882","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2578660882","pubTimestamp":1761533340,"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":"0249 GMT - Singapore banks' 3Q sequential earnings will likely remain flat to negative, Maybank Securities head of research Thilan Wickramasinghe writes in a report. 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Net interest margins are declining at a faster clip, offsetting improvements in credit growth and wealth fees, he says. The banks' asset quality is also expected to remain benign, with credit costs within or slightly below their guidance, he adds. However, the banks could report sequential positive momentum in wealth-management fees. \"Low rates and risk-on market conditions should catalyze fixed deposit conversion to higher-yield wealth products and bancassurance,\" he says. Maybank maintains its neutral rating on Singapore banks. 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