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Credit Suisse: Stars align for Singaporean banks

Higher-than-expected earnings, asset quality enhancements, the potential for margin expansion on higher rates, and prospects for loan recoveries means the tailwinds behind Singapore’s banking sector are strong, says Credit Suisse. “It’s hard to get a quarter when all the stars are so aligned, and the rally [across the sector] reflects that,” says Kum Soek Ching, head of Southeast Asia research,…

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