GgoogleSG first seen 1 d ago, last 1 d ago, peak #5
Singapore bank stocks fall after Citi downgrades OCBC
Original: singapore bank stocks drop
Singapore bank stocks are dropping, with OCBC under particular pressure after Citi downgraded the lender to 'sell' and set a target price of S$27.50. The call has weighed on sentiment across the local banking sector, putting DBS and UOB under scrutiny as investors reassess valuations and the outlook for Singapore banks' earnings.
Why now: Citi's sell rating on OCBC has triggered a broad sell-off in Singapore bank shares.
Evidence
- Citi downgrades OCBC to ‘sell’ with target price of $27.50 · The Edge Singapore
API: https://socialmediatrends-api.osmike.com/v1/trends/1409181