Should You Now Acquire DBS Group (DBSDY) Shares?
Mawer Investment Management, an investment management firm, published its third-quarter 2022 investor letter – a copy of which can be downloaded here. In its third-quarter letter, the fund mentioned that the valuation correction experienced in 2022 has its benefits in that gravity is being restored to the system and that the probability of a global economic slowdown remains high. Try to spare some time to check the fund's top 5 holdings for you to have an idea about their best stock picks this 2022.
In its Q3 2022 investor letter, Mawer Investment Management mentioned DBS Group Holdings Ltd (NYSE:DBSDY) and explained its insights for the company. Founded in 1968, DBS Group Holdings Ltd (NYSE:DBSDY) is a Singapore-based financial services company with a $59.5 billion market capitalization. DBS Group Holdings Ltd (NYSE:DBSDY) delivered a -5.27% return since the beginning of the year, while its 12-month returns are up by 1.61%. The stock closed at $91.80 per share on October 14, 2022.
Here is what Mawer Investment Management has to say about DBS Group Holdings Ltd (NYSE:DBSDY) in its Q3 2022 investor letter:
"While many global banks declined in the quarter, our Singapore bank holding, DBS Group (NYSE:DBSDY), whose lending book is tilted toward floating rate loans tied to the U.S. Federal Funds rate, has enjoyed the associated higher net interest margins."
Finance, Investments
Our calculations show that DBS Group Holdings Ltd (NYSE:DBSDY) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. DBS Group Holdings Ltd (NYSE:DBSDY) was in 1 hedge fund portfolio at the end of the second quarter of 2022, compared to 1 fund in the previous quarter. DBS Group Holdings Ltd (NYSE:DBSDY) delivered a 6.81% return in the past 3 months.
In August 2021, we also shared another hedge fund’s views on DBS Group Holdings Ltd (NYSE:DBSDY) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.
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Disclosure: None. This article is originally published at Insider Monkey.
