|Bid||26.14 x 0|
|Ask||26.15 x 0|
|Day's range||25.95 - 26.19|
|52-week range||18.85 - 26.44|
|Beta (5Y monthly)||0.96|
|PE ratio (TTM)||15.57|
|Forward dividend & yield||0.78 (2.98%)|
|Ex-dividend date||06 May 2021|
|1y target est||N/A|
Singapore bank DBS Group said on Thursday it has co-led a group of lenders in a $625 million financing deal for a battery nickel and cobalt project in Indonesia. The project by PT Halmahera Persada Lygend (PT HPAL) is expected to be the first smelter in Indonesia to use high-pressure acid leach (HPAL) technology to produce nickel and cobalt chemicals used in making batteries for electric vehicles.
United Overseas Bank Ltd reported a 32% fall in quarterly profit as Singapore's smallest listed bank said its net interest income declined and credit losses swelled. Just like its larger peers OCBC and DBS, UOB said on Thursday it expects credit costs to ease this year as government moratorium programmes launched at the start of the pandemic come to an end. UOB CEO Wee Ee Cheong said the bank would rebalance its business to focus on wealth management services, with net interest margins expected to stay low.
Singapore's second-biggestlisted bank, Oversea-Chinese Banking Corp Ltd, flaggedan improvement in its business outlook after full-year profitfell 26% in pandemic-hit markets. "OCBC is well positioned for recovery," said Kevin Kwek, asenior analyst at Stanford C. Bernstein. Analysts expect profits to rebound at Singapore banks onsustained growth in wealth-management businesses.