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Credit Suisse: Benign outlook for Singapore banking equities

Credit Suisse sees improving earnings in the Singapore banking sector and expects it to outperform the market with continued ROE improvement. Indeed, Singapore banks’ 1Q18 results reflect the sector’s improved earnings and ROE. An average net profit growth of 25.3% YoY and 16% QoQ was delivered on strong loans growth, expanding net interest margin, and a decline in credit cost,…

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