Banks
Singapore banks have done well in 2023 and the first quarter of this year (1Q 2024). All three banks, DBS Group (SGX: D05), United Overseas Bank (SGX: U11) [UOB] and OCBC Ltd (SGX: O39), saw their share prices hit all-time highs earlier this month. DBS reported a sparkling set of earnings for 1Q 2024 as its net profit a quarterly record of S$2.96 billion. The lender also upped its interim dividend by 42% year on year to S$0.54. The banks are doing well because of surging interest rates that led to increases in their net interest margins (NIMs)....Time flies, and the next earnings season is just around the corner.
Investors may be curious to know which sectors to look out for that can provide attractive investment opportunities.
Some sectors may be enjoying tailwinds while others could be seeing short-term challenges.
Here are three interesting sectors that you can focus your attention on.
