DBS has set a high bar and while OCBC and UOB are trying their best, they have some catch up to do to beat DBS's SGD907 million in wealth management fees.
OCBC has a secret weapon in $Great Eastern(G07.SI)$. Analysts expect OCBC to show strong wealth fee momentum because of this insurance powerhouse.
UOB is the most undervalued among the 3 banks. While it may not hit DBS's record, UOB is expected to see normalised provisions and stable fee growth from their regional expansion. UOB's forte is their retail banking exposure in South East Asia especially after they have taken over Citi's retail banking business in Indonesia, Thailand, Malaysia and Vietnam.
If OCBC and UOB can even whisper the words "record fee growth" I believe their share prices will rocket to the moon. If not their dividends will still be a great comfort.
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- Investordude1301Β·05-04 22:52TOPVery certain about UOB recovering S$38+ after results! Most undervalued bank among the 3 banks right now3Report
- zumaΒ·06:32thx2Report