STI Banks Report 16th Consecutive Quarter of S$8B+ NII
The three $Straits Times Index(STI.SI)$ banks, $DBS(D05.SI)$$OCBC Bank(O39.SI)$$UOB(U11.SI)$, reported combined net interest income (NII) of S$8.302 billion in 3Q26, up 2.0% from S$8.142 billion in 2Q26. This marked the 16th consecutive quarter of combined NII above S$8 billion. DBS reported NII of S$3.711 billion, OCBC S$2.313 billion and UOB S$2.278 billion. For context, combined NII has grown from S$4.3 billion in 3Q16 and S$5.2 billion in 3Q21. Combined non-interest income (NOII) fell 18.5% QoQ from S$5.715 billion in 2Q26, with 2Q26 the highest in the quarterly series, to S$4.657 billion in 3Q26. DBS
Singapore Bank Earnings Watch | November 5, 2026 Hey Tiger🐯, Singapore’s bank earnings week has delivered two disappointments. $$UOB(U11.SI$$ closed 5% lower on November 4 after missing profit expectations. $$DBS(D05.SI$$ then reported a 5% decline in quarterly profit on November 5, alongside an S$0.81-per-share dividend. Both banks still show customer-business growth. The investment question is whether that growth can protect earnings expectations as trading income and interest margins come under pressure. Our view: DBS has the more reassuring margin trend in this comparison, while UOB needs clearer evidence that funding pressure is easing. 1|Two Misses, Different Earnings Stories Consensus figures use the Bloomberg surveys reported by The Business Times. Reuters cited a separate UOB LSEG
Singapore Small & Mid-Cap Stocks: ROE Improvements and Valuation Re-Rating
The current group of 230+ small- and mid-cap companies (SMIDs), defined as SGX-listed companies with market capitalisation of between S$100 million and S$10 billion, have a combined market capitalisation of S$290 billion, up approximately 20% from S$242 billion as of 30 June 2025. Their combined average daily turnover (ADT) for the first 10 months of 2026 (10M26) has increased more than 80% from the first half of 2025 (1H25), from S$368 million to S$675 million. The comparison includes 20 new listings since 30 June 2025, which account for S$22 billion of current market capitalisation and S$50 million of 10M26 ADT. Excluding these companies, market capitalisation increased approximately 11% and 10M26 ADT approximately 70%. ROE Accretion and P/B Re-Rating Price-to-book (P/B) can provid
DBS, OCBC & UOB Fall Before Earnings: Buy the Dip?
Singapore Bank Earnings Watch | November 3, 2026 Hey Tiger🐯, Singapore’s three banking heavyweights started earnings week in the red. On November 2, OCBC fell 3.3%, DBS declined 1.9%, and UOB slipped 1.7%, while the Straits Times Index closed 1.4% lower at 5,303.83. The question for investors is whether this pullback offers a better entry price—or signals that expectations still need to adjust. The banks’ upcoming results will help answer that. As of November 3, their third-quarter updates have yet to be released. 1|Three Banks Down, Three Earnings Dates Ahead Closing prices: November 2, 2026. Results dates: 2026 calendars and announcements. The sequence creates three consecutive checkpoints for the sector. UOB’s update arrives first, followed by DBS and OCBC. Investors can compare managem
Over the five sessions through to 29 October, more than 80 filings relating to directors’ interests and substantial shareholdings were filed for over 40 primary-listed stocks. Directors or CEOs reported 23 acquisitions and one disposal, while substantial shareholders filed 14 acquisitions and two disposals. The five sessions through to 29 October also saw 19 primary-listed companies conduct buybacks with a total consideration of S$12.8 million. Singapore Technologies Engineering led the buybacks with S$5.1 million, matching its total for the preceding week. 1. $Golden Agri-Res(E5H.SI)$ Kopernik Raises Golden Agri-Resources Stake Above 8% On 23 October, Kopernik Global Investors acquired 5.5 million Golden Agri-Resources shares