Singapore Stock Market News

Singapore Banks - Soft October

StockFanatic
Publish date: Mon, 01 Dec 2014, 11:01 AM
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Consumer loan growth lost further traction
■ Industry loan growth slowed to 9.0% YoY in October from September's 10.8%. Business up 11.4%, consumer up 5.5%.

■ SGD deposits flat. SGD LDR at 86.4%.

Remain OVERWEIGHT on banks. Catalysts from eventual rise in interest rates. DBS still our top pick.
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