DBS feels like it changed the question for UOB and OCBC.
It’s not just “can they beat earnings?” anymore, it’s whether fee income and wealth management can offset NIM pressure the same way DBS did.
My guess:
1. OCBC close: SGD 16.20
2. UOB close: SGD 36.80
3. Yes — I think they can partly match DBS’s mealth management surprise, but guidance tone will matter more than the headline profit beat.
If both banks show strong fee income and confident guidance, Singapore banks may still have room to re-rate.
UOB and OCBC Earnings: DBS Set a High Bar! Can They Follow?
DBS non-interest income and wealth management fees hit record highs and dividends rising from S$0.75 to S$0.81. While NIM face pressure, wealth management is stepping up to fill the gap.
UOB (May 7): The key focus will be whether the synergies from the Citigroup Southeast Asia integration are finally starting to pay off.
OCBC (May 8): Investors are watching the profit contribution from the full consolidation of Great Eastern insurance and Bank of Singapore’s wealth management fees.
Can UOB and OCBC deliver similar results? Are you bullish on the "Big Three" hitting new highs this year?
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