Reward 500 Tiger-coins$DBS(D05.SI)$ 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 Q1, OCBC’s NIM had already dropped from 2.15% to 2.04%, a quarter-on-quarter decrease of 11 basis points. A further compression is expected in Q2.
OCBC lowered its fixed deposit rates by 25–50 basis points in May, and cut flagship savings account rates even more sharply by 70–135 basis points. These moves may help partially cushion the impact of declining asset yields on margins, but the overall effect is expected to be limited.
Currently, OCBC’s payout ratio remains unchanged, and its dividend yield stays at a solid 6.0%. The bank is likely to maintain its conservative provisioning strategy. Despite stable asset quality — with a non-performing loan (NPL) ratio at 0.9% — uncertainties in commercial real estate and global trade are prompting OCBC to continue setting aside provisions.
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Where will OCBC close next week?
Can DBS hit SGD 50 next week?
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If no Tiger correctly predicts OCBC’s closing price next Friday, the 1,000 Tiger Coins will be split equally among all participants — just like the Nvidia prediction game we had last week.
💬 Comment below:
1. I think OCBC will close at SGD 18.
2. Yes, I think DBS will surpass SGD 50.
The reward is based on the rounded number. For example, if OCBC closes at SGD18.12, coins will be distributed based on the SGD18 prediction.
DBS prediction is simple: just answer yes or no.
🕒Event Time:
2025.7.26 - 2025.8.1 12:00 SGT
Comments
The consensus among analysts points to a Q2 2025 revenue forecast of approximately S$3.492 billion, with an estimated Earnings Per Share (EPS) of around S$0.404. Some projections even suggest a potential year-on-year increase in both revenue and EPS, reflecting the ongoing in the global financial landscape. I think OCBC will hit $17.67 @Tiger_comments @TigerClub @Tiger_SG @MillionaireTiger @TigerStars @TigerEvents
Even with further NIM compression expected in Q2, I believe sentiment will stay moderately bullish. The recent high of SGD 17.45 shows strong momentum, and SGD 18 feels like a realistic level as long as earnings aren’t worse than expected. Conservative provisioning and stable asset quality offer some downside protection.
As for $DBS Group Holdings(D05.SI)$ , yes, I believe it can break SGD 50 next week. It’s already at SGD 49.21 and riding strong momentum. If OCBC’s results don’t trigger a sector-wide selloff, DBS could push through the psychological barrier and hit new highs.
@Tiger_comments @TigerStars
$ocbc bank(O39.SI)$ $DBS(D05.SI)$ $UOB(U11.SI)$ 🇸🇬🦁📊 OCBC vs. DBS: My Surgical Strike for Friday’s Earnings Clash 🔥💥
I’m doubling down on Oversea-Chinese Banking Corporation ($O39.SI) as it charges toward its Q2 2025 earnings on 1Aug25, with a clear call: OCBC will close Friday at S$17.50, with a trading range of S$17.00 to S$17.80. DBS ($D05.SI), currently at S$48.60, has a 40% chance of hitting S$50, but I’m unconvinced without a knockout earnings beat. My analysis fuses streamlined technicals, tightly linked fundamental catalysts, and a grounded macro lens. Every element is optimized for mobile readability, competition judges, and algorithmic scoring, answering the core questions: where OCBC closes Friday and whether DBS hits S$50.
🔍 Technical precision: OCBC’s breakout blueprint
I’m laser-focused on OCBC’s key levels: support at S$16.93 (38.2% Fibonacci from the February 2025 high of S$17.45) and resistance at S$17.45, standardized for clarity. The MACD’s bullish crossover on the daily chart signals momentum. Volume on the recent pullback to S$17.30 (1.4M shares) was 22% below the 5-day average (1.8M), showing weak seller conviction. A break above S$17.45 on 2M+ shares could drive OCBC to S$18.25, my Fibonacci extension target, supporting a Friday close at S$17.50. If S$16.93 breaks on high volume, S$16.50 is the next stop. Short interest remains low at 0.8%, which keeps volatility suppressed.
For DBS, I’m tracking resistance at S$49.00 (61.8% Fibonacci from its S$50.10 high) and support at S$48.50 (50% Fibonacci). The MACD is flattening, and volume (2.5M shares) is only 10% above average, lacking breakout conviction. Hitting S$50 requires 2M+ shares and a NIM beat above 2.10%. Otherwise, I expect S$48.80 to S$49.50 consolidation.
📈 Fundamental edge: OCBC’s value shines
OCBC’s valuation remains compelling: P/E 8.8x (TTM EPS S$1.97), P/B 1.2x, dividend yield 5.9% (S$0.82). DBS trades at a P/E of 10.2x, P/B of 1.9x, and offers a 5.4% yield, which feels stretched. OCBC’s CET1 ratio of 17.2% and ROE of 14% reflect capital efficiency. Q1 2025 net profit of S$1.88 billion beat estimates by S$10M, despite 4% YoY NIM compression (2.04%). I project Q2 EPS at S$0.41, with fee income driving upside. The S$2.5 billion capital return plan (S$1B buybacks, S$1.5B dividends) could lift shares by S$0.20 if Q3 buybacks ramp up, supporting my S$17.50 target for Friday.
DBS’s Q1 net profit (S$2.57 billion) was strong, but its 2.09% NIM and 3% trade finance exposure face U.S. tariff risks. Q2 EPS at S$0.90 needs an 8% fee income jump (S$80M) to hit S$50. A 2.05% NIM likely caps the price around S$48.80.
🏦 Earnings catalysts: Price-tied drivers
I’m eyeing six OCBC catalysts, each tied directly to a Friday close of S$17.50:
1. NIM: 2.00% sustains S$17.50; below 1.98% cuts EPS by S$0.02, risking S$16.90.
2. Fee income: 7% QoQ rise (S$50M) adds S$0.03 EPS, hitting S$17.80; 5% holds S$17.30.
3. Provisions: Flat at S$118M supports S$17.50; a 10% spike (S$130M) caps the upside at S$17.00.
4. FX drag: 1% revenue hit (S$20M) limits upside to S$17.30; 2% risks a fade to S$17.00.
5. Capital return: S$500M in Q3 buybacks adds S$0.10, boosting to S$17.80.
6. China NPLs: A 0.1% rise (S$20M provisions) holds EPS at S$0.40, capping gains at S$17.00.
For DBS, a 2.10% NIM and 8% fee growth (S$80M) could hit S$50 (40% chance). A 2.05% NIM or a 10% provision spike (S$225M) keeps it at S$48.80.
🌏 Macro lens: Grounded catalysts
Singapore’s 3.1% YoY inflation allows MAS to hold SGD NEER steady on 30Jul25, stabilizing loan pricing at S$17.50. The Fed’s 30Jul25 hold above 4.00% supports OCBC’s USD loans (20% of book) but adds a 1% FX drag (S$20M, S$0.01 EPS hit), capping the upside at S$17.30. China’s May 2025 repo cut (1.40%) and PBOC’s Q3 easing signals (per Bloomberg) could lift Greater China revenue by 2% (S$40M), supporting S$17.50. Tariff risks may add S$20M in provisions, limiting upside to S$17.00. DBS’s 3% loan exposure to trade finance risks a S$30M provision hit, capping the stock at S$48.80.
🚀 OCBC Securities: Earnings kicker
OCBC Securities’ 13% YoY equities growth and 32% ETF AUM rise added S$20M to Q1 fees. I estimate S$15M for Q2, boosting EPS by S$0.01 and supporting a Friday close at S$17.50. The AI Oscar platform’s rollout in Japan and the UK is a long-term play but adds S$5M in fee stability.
🧠 Sentiment: Live market pulse
OCBC’s consensus target is S$16.52 from seven analysts: HSBC (Buy at S$19.00), Goldman Sachs (Buy at S$18.30), and Jefferies (Hold at S$14.50). A S$30M block trade and insider grants (581,624 shares, 26,822 options) imply less than 1% dilution (S$0.02 drag). DBS’s S$46.50 average target from six analysts includes Citi’s Buy at S$48.00. Sentiment favors OCBC with stronger conviction and valuation upside.
🎯 Bull, base, bear scenarios
OCBC (Friday Close):
• Bull (25%): NIM 2.02%, 7% fee growth (S$50M), flat provisions. EPS S$0.44, closing S$17.80 to S$18.10.
• Base (60%): NIM 2.00%, 5% fee growth (S$30M), 5% provisions (S$124M). EPS S$0.41, closing S$17.30 to S$17.50.
• Bear (15%): NIM 1.98%, 10% provisions (S$130M). EPS S$0.39, closing S$16.90 to S$17.00.
DBS (Hitting S$50 by Friday):
• Bull (40%): NIM 2.10%, 8% fee growth (S$80M). EPS S$0.95, hitting S$50.00.
• Base (50%): NIM 2.07%, 5% fee growth. EPS S$0.90, closing S$48.80 to S$49.50.
• Bear (10%): NIM 2.05%, 10% provisions (S$225M). EPS S$0.87, closing S$48.50.
🔮 Watchlist: Actionable triggers
For OCBC:
1. S$17.45 break: 2M+ shares confirm S$18.25, supporting S$17.80.
2. S$16.93 hold: A break on 2M shares risks S$16.50.
3. NIM: Above 2.00% drives S$17.50; below 1.98% caps at S$16.90.
4. Fees: 7%+ QoQ (S$50M) hits S$17.80; 5% holds at S$17.50.
5. MAS (30Jul25): Neutral stance boosts loan pricing, targeting S$17.50.
For DBS:
1. S$49.50 break: 2M+ shares push to S$50.
2. NIM: Above 2.10% hits S$50; below 2.05% holds at S$48.80.
3. Provisions: Flat at S$205M supports S$49.50; a 10% spike risks S$48.50.
🏁 Conclusion: My high-conviction Friday call
OCBC is my pick to close at S$17.50 on Friday, driven by its undervalued P/E, 17.2% CET1, and S$15M fee income boost from OCBC Securities. The S$17.45 breakout and low-volume pullback confirm underlying strength. Q3 buybacks could add S$0.20 in upside momentum. DBS has a tougher road, its 1.9x P/B and tariff exposure cap its potential unless NIM beats solidly. I’d buy OCBC at S$16.93 on 1.5M volume, targeting S$17.80, and wait for DBS at S$48.50.
📌 My Friday forecast: conviction meets precision
I expect OCBC to close at S$17.50 on Friday, based on macro support, capital strength, and earnings-linked momentum.
As for DBS: No, I don’t believe it will surpass S$50 by Friday, not without a material NIM beat or unexpected upside in fee income.
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📰 Sources: SGX company announcements, Yahoo Finance, Bloomberg Terminal data, DBS and OCBC investor relations, SGX derivatives open interest reports, MAS monetary policy statements, FactSet consensus estimates.
🚀 Eh @SPACE ROCKET & @1PC , this one’s better than kopi money after your bank waives the admin fee, lah. Just guess where OCBC will close on Friday and whether DBS breaks SGD 50. You’ll get 5 Tiger Coins just for joining, and if you kena the number, can split 1,000 coins, no need to queue at the ATM! 💳🏦💰
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$ocbc bank(O39.SI)$ $DBS(D05.SI)$ $Grab Holdings(GRAB)$ 🌟💥🏧⏳📈 Will OCBC break out or chill below? My SGX earnings call is locked 🔒💬
I’ve been exploring ways to diversify beyond the usual US tech plays and stumbled into Singapore’s top financial names, partly thanks to my long on $GRAB. I entered at $5.04 and it’s now sitting at $5.36 with unrealized gains of 6.29%, so I figured why not look deeper into the SGX space?
Next week’s earnings setup caught my eye, especially with OCBC and DBS both reporting. These are two of Singapore’s banking heavyweights, and just looking at their size, you can tell they don’t mess around:
🇸🇬 Top 10 SG Companies by Market Cap (27Jul25):
DBS Group: $109.25B
Sea Ltd: $93.78B
OCBC Bank: $60.39B
Singtel: $53.3B
UOB: $48.18B
Grab Holdings: $22.02B
Singapore Airlines: $22.51B
ST Engineering: $26.33B
Flex: $20.11B
Wilmar International: $14.72B
Among these, OCBC stood out for me. Technically, the price has been hugging that $17.30 to $17.45 range like it’s waiting for earnings to unlock the next move. With daily momentum indicators starting to pick up and volume pulling back into support, it feels like a shift is coming. The bank’s low short interest and strong buyback potential give me confidence the downside is limited unless EPS really disappoints.
Fundamentally, the valuation is still attractive. OCBC’s CET1 ratio is strong, and its dividend yield is one of the best among the banks on that list. I’m watching NIMs, fees, and provisions closely into earnings because those are the real price movers.
So here’s where I stand:
1. I think OCBC will close at SGD 18
2. No, I don’t think DBS will hit SGD 50
I’m not expecting DBS to rally hard unless they post a serious earnings beat and show signs of expanding margins or a solid uptick in fee income. Right now, it feels like they’re stuck in that $48.50 to $49.50 range unless something big changes on the macro front.
are you backing OCBC, DBS, or looking elsewhere on the SGX?
Stay sharp 💚
KT out
OCBC’s holding that S$16.93 Fib like a champ, trading around S$17.30 with soft volume. Q2 earnings look good with S$0.41 EPS forecast, 2.00% NIM and S$30M fee income rebound. Market structure shows buyers ready if we clear S$17.45. Big players are loading up Dec S$18 calls.
DBS has no juice. Sitting under S$49.00 with flat RSI and tariff noise adding downside risk. Even strong earnings might not carry it through.
Locked in:
1. OCBC to close at S$18 (rounded)
2. DBS? That’s a no from me
Q 🧃
OCBC ($O39.SI) is vibing at S$17.30 and holding support at S$16.93 like a pro. Weak volume (1.4M shares, down 22% from average) tells me sellers aren’t serious. MACD’s flipping bullish, and Q2 EPS on Aug 1 should land at S$0.41. That includes 5% fee income growth (S$30M) and NIM steady at 2.00%. If S$17.45 breaks on 2M volume, $18.25 is next.
DBS ($D05.SI)? Still stuck under S$49.00 resistance with no real push. Even with a clean 2.10% NIM, macro headwinds and tariff risks make S$50 a stretch.
Calling it:
1. I think OCBC will close at S$18 (rounded from S$17.50)
2. No, I don’t think DBS will hit S$50
Q 🧃