OCBC joins DBS-UOB in New Launch price war

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Singapore Banks – maybank kim eng 2018-03-20: Clear Skies. We forecast ROEs to trend higher and earnings momentum to sustain into FY18-20E as banks stand to benefit in a cyclical upturn. Maintain BUY on UOB with a higher Target Price of SGD31.08 (from SGD29.33). We upgrade OCBC to BUY from HOLD with Target Price of SGD14.83 (from SGD13.50).

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DBS and UOB in home loan war with zero per cent spread. DBS grew its home loan book 10.1 per cent last year to S$64.5 billion. UOB was not far behind, expanding 9 per cent to S$61.5 billion. ocbc bank, the second largest bank in Singapore, grew its home loan book by 7.3 per cent to S$60.1 billion.

OCBC joins DBS and UOB in New Launch Home loan price war ocbc officially join the Price War on 03 Mar 2017 (evening) for New Launch Building-under-construction (BUC) properties. In our previous breaking news we reported about the DBS and UOB Price War for BUC New condominium launches projects. As the rates were already 0.6% [&hellip

Today the Duke and Duchess of Cambridge visited the Gardens By The Bay on the second day of their tour of south east Asia and the South Pacific But critics say the sparkling lights and glass facades.