|Day's Range||23.34 - 23.52|
|52 Week Range||17.41 - 24.02|
|PE Ratio (TTM)||12.56|
|Earnings Date||Jul 28, 2017|
|Dividend & Yield||0.51 (3.04%)|
|1y Target Est||22.50|
Can shares of Singapore’s three largest lenders – DBS (D05.SG), OCBC (O39.SG) and UOB (U11.SG) – continue to deliver returns following their 16% rally this year? Jefferies analyst Krishna Guha thinks so: Even though margin reflation and asset quality stabilization are still in works, we turn more constructive on the sector. While Guha notes that shares are looking fully valued at current levels, he sees dividend upside for DBS and has upgraded his rating on Singapore’s largest lender from underperform to buy.
DBS Group’s better earnings growth and attractive valuations make it the pick of Singapore’s bank stocks and a good way to play a rebound in the Lion City’s economy. Economic conditions are looking brighter ...
Singapore’s big three banks have invested heavily in their wealth-management businesses over the past year and the results are starting to show.