Shares & Derivatives
Q1/16 Earnings Review: DBS vs UOB vs OCBC
By 10% Per Annum  •  May 10, 2016
(As previously disclosed here, the author is vested in DBS. Therefore, this post might focus more on DBS relative to the other two Singaporean banks. This post will also make reference towards the previous post in relation to assessing the previous analysis and predictions) All 3 Singaporean banks had released their earnings recently. OCBC and UOB reported poor earnings with a 14% and 4.4% year-on-year fall in net profits respectively. OCBC was particularly disappointing as net profits were below forecasts. In contrast, DBS had easily beaten forecasts with a 6% year-on-year rise in core quarterly profits (net profits was down due to a one off gain last year). However, net profits aside, I am also interested in how the local banks are measuring up against one another in the fields of Earnings, Efficiency, Liquidity and Valuations. For the sake of my own learning, I am also keen ......
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By 10% Per Annum
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