HSBC: Buy ALL Singapore Banks If You Can!

Last week, the world's second-largest bank (by total assets), HSBC released a largely favourable outlook for the Singapore banking sector (comprising of DBS, OCBC, and UOB). Calling it a "positive asymmetrical investment proposition", the banking giant called on investors to "buy all the Singapore banks if you can." The favourable review comes in contrast from other research houses such as CIMB which is keeping a "Neutral" rating on the sector.

Here's What HSBC Mentioned

HSBC sang much praises about the fundamentals of local banks. HSBC's analysts contend that Singapore banks have had a solid track record when it comes to handling credit risk. This conclusion was drawn from various financial crisis from history, particularly the recent Eurozone debt crisis and the...