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DBS Downgrades OCBC and UOB to "Hold" As It Sees "Limited Catalysts for Now"

The Edge Singapore2023-04-24

DBS Group Research analyst Lim Rui Wen has downgraded both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) to “hold” as she sees limited catalysts for both banks for now.Lim ...

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  • StansenSG
    ·2023-04-25
    With the reopening of China economy, ocbc has the potential of better revenue than now. Interest rate will slowly dip back but will not be faster than how it rises.. Rising 14.40 once China market hits at fastest pace
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  • BotakGuy
    ·2023-04-25
    For those asking, I think DBS analyst cannot do a report on DBS as it might be conflict of interest. That's why can only do the other 2 local banks ? 
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    • Fly High
      To avoid risk of any potential sensitive market info. With increased foreign funds/deposits, guess who is the main beneficiaries?🤐🤐🤐
      2023-04-26
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  • Avg123
    ·2023-04-25
    Hahaha.. She forget to downgrade DBS also.🤣😂
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  • OO_898
    ·2023-04-25
    Like 
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  • Kevin29
    ·2023-04-25
    [财迷] 
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  • BK99
    ·2023-04-25
    Nonsensical Analysis ! DBS Analyst sprouting Nonsense! Where is your Analysis for DBS shares ! We want to hear from you !!!
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    • Fly High
      Seasonal trend. Sell in May, come back in October.
      2023-04-25
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  • Tiffany81
    ·2023-04-24
    Smart move, dbs analyst downgrade competitors rating so that everyone go buy dbs stock 
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  • Ahvi
    ·2023-04-24
    Wow
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