Top Stories
Sector Update | Banking
We expect 2Q26 to be characterised by mild NIM compression and sterling growth from wealth management, accentuated by the anticipation of a peace deal as well as a low base in 2Q25. OCBC also registered healthy growth from insurance. We expect a net profit of S$2,821m for DBS (flat yoy, -4% qoq) and S$1,947m for OCBC (+7% yoy, -1% qoq). Maintain OVERWEIGHT.
Market Spotlight
- US stocks were higher on Friday, with all indexes rising as materials, communication service and consumer staples sectors rose. There were more advancers than decliners on the NYSE.
- The FSSTI rose 35.41 points to 5,469.29, supported by strength in Singtel, SIA and DBS, with both mid- and small-cap indices rising with a broad market advance on S$2.02b turnover.
Technical Analysis
Beng Kuang Marine | BKM SP
Trading buy range: S$0.480-0.485
Yangzijiang Shipbuilding | YZJSGD SP
Trading buy range: S$3.54-3.55
Top Stories
Sector Update | Banking
We expect 2Q26 to be characterised by mild NIM compression and sterling growth from wealth management, accentuated by the anticipation of a peace deal as well as a low base in 2Q25. OCBC also registered healthy growth from insurance. We expect a net profit of S$2,821m for DBS (flat yoy, -4% qoq) and S$1,947m for OCBC (+7% yoy, -1% qoq). Maintain OVERWEIGHT.
Market Spotlight
- US stocks were higher on Friday, with all indexes rising as materials, communication service and consumer staples sectors rose. There were more advancers than decliners on the NYSE.
- The FSSTI rose 35.41 points to 5,469.29, supported by strength in Singtel, SIA and DBS, with both mid- and small-cap indices rising with a broad market advance on S$2.02b turnover.
Technical Analysis
Beng Kuang Marine | BKM SP
Trading buy range: S$0.480-0.485
Yangzijiang Shipbuilding | YZJSGD SP
Trading buy range: S$3.54-3.55
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