DBS Group Holdings will unveil its 2QFY2015 earnings before the market opens on Monday, July 27. According to Bloomberg, the consensus earnings estimate for the quarter is $1.057 billion. Of the analysts polled, the lowest forecast is $1.01 billion, and the highest, $1.11 billion. For FY2015, the consensus forecast is $4.34 billion.
Of the three local banks, DBS has garnered the most buys at 24, and only three holds. Oversea-Chinese Banking Corporation (OCBC) has 16 buys, nine holds and two sells. Analysts are most cautious on United Overseas Bank, which has 10 buys, 15 holds and two sells.
OCBC and UOB both report 2Q results on Friday, July 31. The consensus forecast for OCBC is $986.2 million for 2QFY2015 and $3.834 billion for the full year. Consensus forecast for UOB is $$840 million for the quarter and $3.292 billion for the full year.
So far this year, DBS has outperformed both its peers and the STI. Shares in DBS are up 5.4% this year, compared with the STI’s 3% gain. OCBC is up 1.4% this year while UOB has lost 2.3%, according to Bloomberg data.
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Of the three local banks, DBS has garnered the most buys at 24, and only three holds. Oversea-Chinese Banking Corporation (OCBC) has 16 buys, nine holds and two sells. Analysts are most cautious on United Overseas Bank, which has 10 buys, 15 holds and two sells.
OCBC and UOB both report 2Q results on Friday, July 31. The consensus forecast for OCBC is $986.2 million for 2QFY2015 and $3.834 billion for the full year. Consensus forecast for UOB is $$840 million for the quarter and $3.292 billion for the full year.
So far this year, DBS has outperformed both its peers and the STI. Shares in DBS are up 5.4% this year, compared with the STI’s 3% gain. OCBC is up 1.4% this year while UOB has lost 2.3%, according to Bloomberg data.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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