[Game] Where Will OCBC Close On Friday?
@Tiger_comments:
$DBS(D05.SI)$ hit an all-time high of S$49.21 this Thursday, just one step away from the S$50 mark. $ocbc bank(O39.SI)$ also reached a record high earlier this week on Monday, touching S$17.45. UOB, however, has underperformed compared to the other two banks. OCBC is scheduled to release its earnings next Friday.According to a recent report from DBS, Singapore’s banking sector is facing margin compression and weakening non-interest income.Benchmark rates such as SORA and HIBOR have dropped significantly. 3-month SORA fell by 50 basis points, while 1-month and 3-month HIBOR plunged by 299 and 221 basis points, respectively. These declines are expected to exert repricing pressure on OCBC’s loan book.In