DBS is upgrading OCBC to buy with target price of $10.30 as earnings are set to rise in anticipation of higher Net Interest Margins (NIM) and worries of the worst of NPLs (Non-Performing Loan) over.
DBS also likes OCBC for having a better wealth management unit as well as its ability to keep credit costs low compared to the rest of its peers.
In a recent report, analyst Lim Sue Lin says Singapore banks are set to deliver NIMs with rate hikes almost a certainty in the coming quarters.
Hot Stocks for Intra & Contra Day Trader in SGX Market
ACROMEC
SEMBCORP MARINE
KEPPEL
GREAT EASTERN
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Today Recommendations :
MMFS SG INTRADAY SIGNAL: BUY EZION AT 0.400 TARGET 0.414, 0.428 SL 0.385
MMFS SG INTRADAY SIGNAL: BUY COGENT AT 0.640 TARGET 0.662, 0.684 SL 0.614
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