Singapore Stock Market News
Singapore Banks - Property cooling measures strikes again!
StockFanatic
Publish date: Fri, 06 Jul 2018, 12:22 PM
StockFanatic
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• Previous property cooling measures caused loan growth to half from a high of 16% after a year; banks' share prices did not correct sharply as business loans stayed strong
• Downgrade banks to HOLD; TPs for UOB and OCBC lowered to S$28.30 and S$12.20 respectively on earnings revision of c. -1% to -5% over FY18-19F
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