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Singapore Banks Modest end to 2011

4Q11 earnings should improve q-o-q with NIM reversion but loan growth will be slower 2012 outlook is challenging but there are bright spots Keeping our Buys on the Singapore banks; prefer OCBC to UOB at this juncture Loan growth to moderate, NIM to recover. After the strong loan growth of 8% per quarter in 2Q11 ...

 

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