Institution: The recent decline of Singapore Bank stocks may be somewhat excessive.

Malaysia Bank analyst Thilan Wickramasinghe stated in a report that the recent decline in Singapore bank stocks may be somewhat excessive. Due to changes in China's regulations on overseas investment, there are concerns about a slowdown in wealth management business growth, leading to recent declines in the stock prices of DBS Group, OCBC Bank, and UOB. He mentioned that this may have a negative impact on investments flowing into Hong Kong in the near term. However, he noted that ASEAN countries have a significant stake in the management of assets in these banks. Malaysia Bank maintains a positive rating on the Singapore banking industry.