Shyon
2025-11-07

$DBS Group Holdings(D05.SI)$ delivered record income and a higher dividend despite softer margins, supported by strong wealth management and deposit growth. The 2026 outlook signals only a slight earnings dip, showing its balance-sheet strength. With the stock breaking above $55, DBS continues to stand out among local banks.

In contrast, $UOB(U11.SI)$ profits slumped due to heavy provisions and weaker margins. Management’s prudence in building reserves is wise, but the steep profit drop and cautious guidance highlight ongoing challenges. Investors are rightly pricing in near-term headwinds for UOB.

For $ocbc bank(O39.SI)$ , I expect results between DBS and UOB — steady but moderate. I’d trim DBS to lock in profits after its strong run and wait for more clarity before buying UOB’s dip. With rate cuts likely in 2026, banks may face further NIM pressure, though fee and wealth income could cushion the impact.

@Tiger_SG @Tiger_comments @TigerStars

# SG Earnings Season: Share Your 1-Sentence Insight!

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