@Ron18:
$DBS GROUP HOLDINGS LTD(D05.SI)$$UNITED OVERSEAS BANK LIMITED(U11.SI)$ The local banks announced their 1QFY2022 business updates. Rising interest rates took centrestage - in terms of their impact on net interest income, on their customers and credit costs, and on banks’ own portfolios which comprise high quality liquid assets (HQLA).In a nutshell, DBS Group Holdings’ 1QFY2022 net profit of $1.8 billion, up 30% q-o-q but down 10% y-o-y, just a tad outside the consensus forecast of $1.88 billion on Bloomberg; Oversea Chinese Banking Corp’s (OCBC) net profit - up 39% q-o-q but down 10% y-o-y - of $1.36 billion was comfortably above the $1.2 billion consensus forecast on Bloomberg. Uni