0423 GMT - Singapore banks appear to be benefiting from renewed investor interest, amid fewer Fed rate cut expectations, continued strong wealth momentum and fee income generation, RHB Research analysts say in a report. DBS Group, United Overseas Bank and Oversea-Chinese Banking Corp. think that the first-order impact from the Middle East conflict will be limited, as their direct exposure isn't significant. However, second- and third-order effects from the conflict are more difficult to gauge. "Despite the uncertainties ahead, all three banks reaffirmed their dividend and capital return commitments," they add. RHB raises its rating for Singapore's banking sector to overweight from neutral, pegging OCBC and DBS as its top picks.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 00:23 ET (04:23 GMT)
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