Maybank Singapore’s Thilan Wickramasinghe warns that Singapore banks might disappoint when they report their trading update for 1QFY2022 ended March 31 on April 29.
Wickramasinghe attributes the potential earnings disappointment to weak trading income and mark-to-market losses on investment securities, given the substantial macro-volatility during the quarter. The Singapore banks, which generate around 8% of their earnings from trading, might see “downside-surprise risks from similar reasons to JPMorgan,” he reasons.
“From a timing perspective, a bulk of delivery could be skewed towards 2H22, as loan re-pricing gets reflected and customer investments accelerate from regional re-opening,” he adds.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: