Summary : Singapore banks provide one of the best hedges against larger-than-expected Fed hikes: JPMorgan
Harsh Modi of the investment bank says Singapore banks have benefited from the country’s reopening, seen in higher credit card spending and the quality of the assets, while higher rates drove up operating profit.
Singapore banks provide one of the best hedges against larger-than-expected Fed hikes: JPMorgan
Harsh Modi of the investment bank says Singapore banks have benefited from the country’s reopening, seen in higher credit card spending and the quality of the assets, while higher rates drove up operating profit.
