Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income
[SINGAPORE] Market outlook for UOB has turned cautious compared with DBS and OCBC, amid greater concerns over the former’s asset quality.
This came after UOB missed expectations when it posted a 72 per cent fall in its net profit to S$443 million for Q3, largely driven by pre-emptive provisions.
Analysts remained positive on DBS and OCBC, however, given resilient results supported by strong non-interest income in the quarter.
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