Singapore Stock Market News
Singapore Banks - Better NIMs ahead
StockFanatic
Publish date: Thu, 07 May 2015, 01:10 PM
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■ NIMs likely to rise, providing EPS upside. Funding remains ample. Cut EPS by up to 4% for latest guidance. Raised TPs by up to 9% after rollover.
■ Maintain OVERWEIGHT. Catalysts from higher interest rates. DBS our top pick, followed by UOB. Still cautious on OCBC.
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