<div id="readability-page-1"><div>By Amanda Lee and Megan Cheah Shares of two major Singapore lenders extended their winning streaks to clock new intraday highs, spurred by strong investor confidence in their wealth-management and capital-return prospects. DBS Group's shares rose as high as 1.3% to 56.00 Singapore dollars, equivalent to US$43.43, while OCBC climbed as high as 0.8% to S$19.45 early Tuesday. DBS and OCBC have since pared gains and were both last up 0.6%. The banks' stocks have been finding new peaks after robust third-quarter earnings. Wealth-management fees have largely offset compressed net-interest margins stemming from lower interest rates. The lenders--the two largest by assets in Southeast Asia--have also sweetened the deal for their investors by doling out high dividend payouts, with promises of more to come. Analysts reckon that the banks' shares will continue to perform well into the new year, even as global interest rates are projected to fall. OCBC and DBS shares should be able to withstand any jitters from lower profit, as their capital-return plans such as buybacks and dividends could support share prices, said CGS International analyst Tay Wee Kuang. Singapore banks are still regarded as high quality investments, drawing investors through their implied yields of 5%-6% in 2026, Tay said in an email. Markets are also likely betting that margin contraction is bottoming and low rates should spur stronger loan growth and wealth fees next year, said Maybank Securities' head of research Thilan Wickramasinghe in an email. Wickramasinghe also reckons that Singapore's central bank-led equities market review could benefit the banks, as the potential for more capital markets deals could grow fee income further. Between the pair, OCBC's shares may be more palatable to some investors, as its valuations are at a discount, said RHB Research analysts in an email. Still, DBS's dividend yields remain attractive and the bank offers strong payout visibility given its management's commitment towards capital returns, they added. &#34;We think this has been a factor driving its share price performance while [concerns about] its premium valuations have taken a back seat,&#34; RHB said. Write to Amanda Lee at amanda.lee@wsj.com and Megan Cheah at megan.cheah@wsj.com (END) Dow Jones Newswires12-16-25 0136ET</div></div>

星展集团控股

华侨银行

星展集团(ADR)

新加坡的星展集团和华侨银行的股票因投资者对其财富管理和资本回报前景的强烈信心而创下新的盘中高点。星展集团的股票上涨至 56.00 新元，而华侨银行则攀升至 19.45 新元。尽管较低的利率压缩了净利差，但高额的股息支付和资本回报计划支撑了股价。分析师预计，随着新年的到来，强劲的表现将持续，并可能受益于新加坡中央银行主导的股票市场审查。华侨银行的股票被认为更具吸引力，而星展集团则提供强劲的股息收益

星展集团控股和华侨银行的股票因资本回报的前景创下新的盘中高点