Singapore Banks Are Reporting Their Earnings Next Month: 3 Things to Watch Out for
By The Smart Investor  •  April 7, 2023
Singapore banks have been on a roll. 2022 saw the trio report record-breaking earnings on the back of surging interest rates that pushed up their net interest income. DBS Group (SGX: D05), Singapore’s largest lender, saw its net profit jump 20% year on year to touch S$8.2 billion. OCBC Ltd (SGX: O39) reported a net profit of S$5.7 billion and hiked its final dividend by 43% year on year to S$0.40. Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, announced a 12% year on year rise in net profit to a record high of S$4.6 billion. As of this writing, the US Federal Reserve appears to lean towards further interest rate hikes to keep inflation on a sustained downward trajectory. The three banks are poised to report their first quarter (1Q 2023) results early next month. Here are three aspects that investors need to keep a close watch on for each bank. Net interest margin (NIM)...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

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