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NRA Capital Pte Ltd

Written by: Lynn Look

Friday 7 Dec 2012

Singapore Banks Quarterly: 3Q12 Results Review (Part 4)

UOB still our favourite

Earnings outlook negative for next 12 months. We are projecting low single digit to negative earnings growth this year for the three local banks. UOB will probably be the only bank to show decent 8%-14% earnings growth over the next two years.

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