Summary on Target Price & Analyst Ratings of Singapore Banks as of 12-Aug-2016.

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Summary on Target Price & Analyst Ratings of Singapore Banks as of 12-Aug-2016.

Singapore Banks

DBS GROUP HOLDINGS LTD (D05.SI); OVERSEA-CHINESE BANKING CORP (O39.SI); UNITED OVERSEAS BANK LTD (U11.SI).

Sector Outlook

• CIMB Research - Downgrade to Underweight
• DBS Research - Take Profit
• UOB Kay Hian - Maintain Overweight

BANK

DBS GROUP HOLDINGS LTD (D05.SI)

Maybank KE
2016-08-09

SELL

14.300

OCBC Research
2016-08-08

BUY

17.500

Phillip
2016-08-10

ACCUMULATE

16.090

RHB Invest
2016-08-08

BUY

17.300

UOB KayHian
2016-08-10

BUY

19.150

Average of 5 TPs: S$16.868. 

Last Traded on 12-Aug: S$15.040. 

Upside: 12.15%. 

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OVERSEA-CHINESE BANKING CORP (O39.SI)

DBS Research
2016-07-29

HOLD

8.400

Maybank KE
2016-07-29

SELL

7.490

Phillip
2016-07-29

NEUTRAL

8.140

RHB Invest
2016-07-29

NEUTRAL

8.680

UOB KayHian
2016-08-10

BUY

10.480

Average of 5 TPs: S$8.638. 

Last Traded on 12-Aug: S$8.430. 

Upside: 2.47%. 

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UNITED OVERSEAS BANK LTD (U11.SI)

DBS Research
2016-07-29

HOLD

17.700

Maybank KE
2016-07-29

HOLD

18.340

OCBC Research
2016-07-29

HOLD

19.610

Phillip
2016-08-01

NEUTRAL

17.950

RHB Invest
2016-07-29

NEUTRAL

18.850

Average of 5 TPs: S$18.49. 

Last Traded on 12-Aug: S$17.920. 

Upside: 3.18%. 

Find out more launch

READ ALSO:

• Banks - CIMB Research 2016-08-10: Slippery Slope
• Singapore Banking - UOB Kay Hian 2016-08-10: 2Q16 Roundup ~ Weathering The Offshore Mayhem
• Singapore Monthly Strategy - DBS Research 2016-08-01: Hitting the Ceiling ~ Strategy

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