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DJ Singapore Banks 4Q Earnings May Decline -- Market Talk

· 02/07/2021 22:04

0304 GMT - Singapore banks could report another quarter of on-year earnings declines in 4Q, Daiwa Capital says. It doesn't expect much gain in the banks' trading income during the quarter despite some signs of improved global market sentiment. Daiwa says there should be "no surprises" in the banks' dividend per share, expecting DBS's 4Q DPS at S$0.18, and OCBC and UOB's 2H DPS at S$0.16 and S$0.39, respectively. Daiwa maintains a positive rating on Singapore banks and chooses OCBC as its top pick, citing its attractive valuation. Shares of DBS are up 1.7%, while OCBC and UOB are each 0.6% higher. (justina.lee@wsj.com)

(END) Dow Jones Newswires

February 07, 2021 22:04 ET (03:04 GMT)

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