0406 GMT - Recent drops in shares of Singapore banks might be overdone, says Maybank analyst Thilan Wickramasinghe in a note. Shares of DBS Group, Oversea-Chinese Banking Corp. and United Overseas Bank dropped recently amid fears about slower growth in their wealth management business due to changes in Chinese outbound investment regulations. There could be negative impact on near-term investment flows to Hong Kong, he says. However, Asean makes up a larger part the banks' assets under management, he notes. Maybank maintains a positive rating on Singapore's banking sector. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
June 12, 2026 00:06 ET (04:06 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments