Singapore Banks Underperform Despite Strong Balance Sheets

CNBC, 11 May 2011
Singapore's financial sector is among the strongest in the world, yet in terms of share performance, the sector has been underperforming other banks in the region.
"Only one country which has been so consistenly underperforming Asian banks in times of good Asian growth, and that's Singapore," CLSA's Head of Regional Banks Research, Daniel Tabbush told CNBC.
CLSA is underweight banks in Singapore, and overweight the sector in Malaysia, Indonesia, Thailand and India. Full story