The Straits Times·3 min read·medium
S’pore banks Q2 earnings: DBS, OCBC shares could go higher; asset quality concerns resurface at UOB
S
Sheila Chiang
✦AI Summary
Singaporean banks DBS and OCBC are seeing share price growth driven by wealth management, while UOB faces challenges due to asset quality concerns in Greater China. Analysts remain generally optimistic about the sector's transition into regional wealth platforms.
Saxo chief investment strategist Charu Chanana said Singapore banks are becoming regional wealth platforms and are no longer simply a proxy for interest rates.
businesseconomy
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