|Bid||25.46 x 0|
|Ask||25.48 x 0|
|Day's Range||25.33 - 25.55|
|52 Week Range||22.65 - 28.64|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||11.04|
|Earnings Date||Nov 11, 2019|
|Forward Dividend & Yield||1.80 (7.04%)|
|1y Target Est||30.14|
Singapore is an exemplary case of political stability. With protest-hit Hong Kong providing the antithesis, the nation state’s banks look like a safe place to park assets. Second-quarter earnings at the biggest lenders, DBS, Oversea-Chinese Banking Corp and United Overseas Bank reflect this.
* Singapore marks biggest intraday pct gain in 2 months * Philippines touches its highest in nearly 3 weeks * Meetings on trade negotiation planned for Sept By Soumyajit Saha Aug 30 (Reuters) - Southeast Asian stock markets rose on Friday, with Singapore leading the gains, tracking a global upturn, as markets cheered signs of fresh trade negotiations between Washington and Beijing. Risk sentiment got a boost after U.S. President Donald Trump announced on Thursday scheduled calls with China, ahead of a looming deadline for additional U.S. tariffs. The announcement comes after China said a round of meetings was planned for September.
Southeast Asia's biggest bank DBS Group Holdings is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday. "We will launch our credit card by the second, or the third quarter of next year," said Shantanu Sengupta, head of consumer banking for DBS in India on the sidelines of a banking industry event in Mumbai. Global rivals, such as Citigroup, are also looking to expand their credit card customer base in India.
* U.S. President delays some tariffs on Chinese imports * Financial and consumer stocks lift Philippine index * Singapore hurt by losses in consumer sector By Soumyajit Saha Aug 14 (Reuters) - Most Southeast Asian stock markets ended higher on Wednesday, in line with global peers, after Washington delayed some tariffs on Chinese imports in much-needed relief for financial markets gripped in economic turmoil. The decision by U.S. President Donald Trump to selectively delay the tariffs that were set to go into effect on Sept. 1, doused friction between the two countries that has roiled global markets. A partial tariff delay is not going to solve the core issues between the U.S. and China," Margaret Yang, a market analyst at CMC Markets said in a note to clients.
Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state. The government cut its forecast range for gross domestic product in Singapore - often seen as a bellwether for global growth because international trade dwarfs its domestic economy - to zero to 1% from its previous 1.5%-2.5% projection. Singapore's downgrade adds to concerns globally about the effect of increasing protectionism on exports and production.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DBS Bank Ltd., DBS Group Holdings Ltd, and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.
Sep.04 -- DBS Group Holdings Ltd. Chief Executive Officer Piyush Gupta discusses the usage of new technology and the prospects for digital transformation in the banking industry. He also talks about the lender's expansion strategy, the trade war between the U.S. and China, and the protests in Hong Kong. He speaks on the sidelines of the "Sooner Than You Think" technology conference in Singapore with Haslinda Amin on "Bloomberg Daybreak: Asia."