The Big 3 Singapore banks release their results this week.

And there’s much to talk about.

For 2026, they have effectively weathered most of the market risks quite successfully, and delivered one of their strongest share price performances.

But some investors are starting to question whether they have more fuel in the tank.

This week, we will take a good look at how their 1H 2026 results have been, and talk more about their prospects moving forward.

Before we proceed, we have some interesting content this week that might change how you think about your portfolio!

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Cheers,
InvestKaki Team 🤜🤛

Moving on, here are the news that shocked the world…

SpaceX $SPCX ( ▲ 15.83% ) : To the moon? Literally? SpaceX had a rocket crash into the moon, but that’s not the big story. Shares plunged in the latest quarterly results as SpaceX increased its capex spending to US$18.4 billion. [Read More]

Disney $DIS ( ▲ 0.22% ) : Is the magic coming back? Disney’s latest earnings beat expectations. Revenue rose by 7%, driven by higher streaming subscribers and advertising revenue. [Read More]

Warner Bros $WBD ( ▲ 1.44% ) : While the courts decide whether Paramount can buy Warner Bros, all eyes are on WB’s financials. Revenue is down by 12% but that was expected. The bright side was that its streaming revenue rose by 10% [Read More]

AMD $AMD ( ▼ 1.21% ) : No matter how strong growth is, investors still think AI is now a no-go. Share price dropped in extended hours as it reports a 50% revenue growth, due to higher demand for AI chips. [Read More]

Palantir $PLTR ( ▲ 10.32% ) : “Otherworldly”. That’s the word that is used to describe Palantir’s latest earnings results. They have a point. Revenue almost doubled from a year ago, driven mostly by more commercial contracts. [Read More]

Here are the news covering the Asia market…

HSBC: At least banks are doing fine in Hong Kong. HSCB reported earnings that beat expectations. Revenue is up by 16%, driven by higher net interest income [Read More]

DBS: DBS is still riding high. Profits are up by 9% for 2Q 2026, even though benchmark interest rates have almost halved from a year ago. It has also raised its full-year guidance as the bank is ‘firing on all cylinders’ [Read More]

OCBC: Same with DBS. OCBC also reported strong 1H 2026 results. Profits grew by 13%, driven by higher non-interest income such as wealth management and investment banking fees. [Read More]

UOB: UOB profits are up by 10%, driven by record wealth management fees and higher trade loans. The bank continues to divest its non-core assets and is focusing on being an ‘advisory-led’ bank. [Read More]

Lendlease REIT: Distribution per unit is up by 3%, as the REIT acquired new assets in PLQ Mall and delivered higher performance across its Singapore properties [Read More]

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DBS Group provides commercial banking and financial services in Singapore and internationally.

👆 How 1H Results Turned Out: 1H was generally a ‘steady’ quarter but was by no means, fantastic. The interest rate environment has turned loose with the dollar interest rate halving. Lower interest rate, lower profits for banks when they lend money.

Revenue was up by 3%, but was dragged down by lower net interest income. But its wealth management segment saw a 33% growth. We see this as the next growth phase for DBS considering its potential as the segment now makes up 53% of total fee income.

💪 Investment Case: DBS is the biggest company in Singapore. Its size makes it an ideal blue-chip company that can withstand any market shocks. Its 1H 2026 results was not fantastic, but it shows that the bank is still growing at a healthy clip, especially from its gross fee income side. Its dividend yield is still solid at 3.9%, as its valuations have become slightly more expensive with a price-to-earnings ratio of 19.3 times.

⚡ What to be careful about: Banking, while resilient, is still exposed to the overall global macroeconomic environment. Already, we have seen the conflict in the Middle East flare up again.

❓ Market Analysts: Target price of SG$74.02. The bank could see a price re-rating with the latest 1H 2026 results.

OCBC provides financial services in Singapore, Malaysia, Indonesia and the rest of Asia Pacific.

👆 How 1H Results Turned Out: OCBC delivered the strongest financial performance compared to its peers. Revenue is up by 11%, while it delivered a 13% profit growth. Similar to DBS, its net interest margin did decline due to the lower overall interest rate environment.

However, its wealth management and insurance business are proving to be the strongest growth story for the bank. Wealth management is up by 27%, while insurance grew even stronger by 44%.

💪 Investment Case: OCBC currently presents one of the stronger upside and growth story compared to its peers. Dividend yield is at 3.3%, slightly lower.

⚡ What to be careful about: Same with DBS. The overall macroeconomic environment could dampen banking sentiment.

❓ Market Analysts: Target price of SG$27.18. The bank could see a price re-rating with the latest 1H 2026 results.

UOB provides banking and financial services in Singapore and Asia Pacific.

👆 How 1H Results Turned Out: UOB has a lot to think about. Its revenue is down by 1%, as it looks to right-size the company into an ‘asset-light, advisory-based’ bank that focuses on segments with competitive advantage. Profit is only up by 3%. Its retail income from lending and deposits declined by a whopping 10%, but similar to OCBC and DBS, its wealth management segment delivered a strong 16% growth. Its global markets segment has also performed well with a 15% growth.

💪 Investment Case: UOB might be tricky to analyse. It is going through a phase to shed its ‘non-core’ assets that could prove to be successful or not. It is selling its asset wealth management business to Allianz for SG$555 million. It does not want to manage the fund side of things, and instead wants to focus on advising and selling investment products to clients. It currently provides a 3.9% dividend yield, quite on par with its peers.

⚡ What to be careful about: The success of its strategy on focusing on the client and advisory side of business.

❓ Market Analysts: Target price of SG$74.02. The bank could see a price re-rating with the latest 1H 2026 results and move to sell its asset wealth management business.

And that’s a wrap!

Cheers,
James Yeo~