DBS Group Holdings Ltd.

DBS Group Holdings is an investment holding, treasury and funding vehicle for itself and its subsidiaries. Co.'s main subsidiary is DBS Bank Ltd, which is engaged in a range of commercial banking and financial services, principally in Asia. Co.'s various business segments are: Consumer Banking/ Wealth Management, which provides individual customers with a range of banking and related financial services; Institutional Banking, which provides financial services and products to institutional clients; as well as Treasury, which provides treasury services to corporations, institutional and private investors, financial institutions and other market participants.
  • TickerD05
  • ISINSG1L01001701
  • ExchangeSingapore Exchange
  • SectorBanks
  • CountrySingapore
UOB
Adrian Loh Tzum Yung ...
  • Singapore Research Team

Strategy - Positioning for recovery

We believe global equities have largely bottomed out, thanks to governments’ and central banks’ swift move to release monetary and fiscal stimulus packages. The Singapore government has done a good job in attempting to protect individuals’ and corporates’ balance sheets. Exiting the “circuit breaker”, we advocate exposure to financially robust companies that are leveraged to the general economic recovery and/or pay a sustainable dividend. Our year-end target for the STI is 2,760.

UOB
Adrian Loh Tzum Yung ...
  • Jonathan Koh
  • Loke Pei Hao
  • Singapore Research Team

Singapore Daily - Wednesday, May 27, 2020

KEY HIGHLIGHTS Strategy Positioning For Recovery: We believe global equities have largely bottomed out and thus look at which stocks could benefit in a recovery scenario. Sector Retail REITs: Fortitude Budget provides backstop. TRADERS’ CORNER Mapletree Logistics Trust (MLT SP): Trading BUY UMS Holdings (UMSH SP): Trading BUY

UOB
Jonathan Koh

Banking - 1Q20 Round-up: First stage of credit cycle is always the hardest

Banks suffered the double whammy of the COVID-19 pandemic and a sudden collapse in crude oil prices in 1Q20. The impact on asset quality is bruising, but banks are able to weather these challenges due to their adequate provisioning and strong capital base. DBS and OCBC guided credit costs of 80-130bp and 100-130bp respectively, on a cumulative basis over 2020 and 2021, which are in line with our expectations. Maintain OVERWEIGHT. BUY DBS (Target: S$22.30) and OCBC (Target: S$9.78).

UOB
Singapore Research Team

Strategy - Alpha picks: Significant outperformance

Our portfolio rose 13.3% mom in April, significantly outperforming the FSSTI’s gain of 5.8% mom. For May, we add FEHT and Koufu, and remove ST Engineering and Food Empire.

UOB
Singapore Research Team

Singapore Daily - Wednesday, May 06, 2020

KEY HIGHLIGHTS Strategy Alpha Picks: Strong Outperformance: Our portfolio gained 13.3% mom in April, significantly outperforming the FSSTI’s +5.8% mom. For May, we add FEHT and Koufu, and remove ST Engineering and Food Empire. TRADERS’ CORNER Silverlake Axis (SILV SP): Trading Buy First Resources (FR SP): Trading Sell

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

DBS Group Holdings Ltd: 1 director bought

A director at DBS Group Holdings Ltd bought 18,000 shares at 19.586SGD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The name...

UOB
Adrian Loh Tzum Yung ...
  • Singapore Research Team

Strategy - Positioning for recovery

We believe global equities have largely bottomed out, thanks to governments’ and central banks’ swift move to release monetary and fiscal stimulus packages. The Singapore government has done a good job in attempting to protect individuals’ and corporates’ balance sheets. Exiting the “circuit breaker”, we advocate exposure to financially robust companies that are leveraged to the general economic recovery and/or pay a sustainable dividend. Our year-end target for the STI is 2,760.

UOB
Adrian Loh Tzum Yung ...
  • Jonathan Koh
  • Loke Pei Hao
  • Singapore Research Team

Singapore Daily - Wednesday, May 27, 2020

KEY HIGHLIGHTS Strategy Positioning For Recovery: We believe global equities have largely bottomed out and thus look at which stocks could benefit in a recovery scenario. Sector Retail REITs: Fortitude Budget provides backstop. TRADERS’ CORNER Mapletree Logistics Trust (MLT SP): Trading BUY UMS Holdings (UMSH SP): Trading BUY

UOB
Jonathan Koh

Banking - 1Q20 Round-up: First stage of credit cycle is always the hardest

Banks suffered the double whammy of the COVID-19 pandemic and a sudden collapse in crude oil prices in 1Q20. The impact on asset quality is bruising, but banks are able to weather these challenges due to their adequate provisioning and strong capital base. DBS and OCBC guided credit costs of 80-130bp and 100-130bp respectively, on a cumulative basis over 2020 and 2021, which are in line with our expectations. Maintain OVERWEIGHT. BUY DBS (Target: S$22.30) and OCBC (Target: S$9.78).

UOB
Singapore Research Team

Strategy - Alpha picks: Significant outperformance

Our portfolio rose 13.3% mom in April, significantly outperforming the FSSTI’s gain of 5.8% mom. For May, we add FEHT and Koufu, and remove ST Engineering and Food Empire.

UOB
Singapore Research Team

Singapore Daily - Wednesday, May 06, 2020

KEY HIGHLIGHTS Strategy Alpha Picks: Strong Outperformance: Our portfolio gained 13.3% mom in April, significantly outperforming the FSSTI’s +5.8% mom. For May, we add FEHT and Koufu, and remove ST Engineering and Food Empire. TRADERS’ CORNER Silverlake Axis (SILV SP): Trading Buy First Resources (FR SP): Trading Sell

Moody's assigns Aa2 to DBS Group Holdings' USD senior unsecured notes

Rating Action: Moody's assigns Aa2 to DBS Group Holdings' USD senior unsecured notes. Global Credit Research- 02 Jun 2017. Singapore, June 02, 2017-- Moody's Investors Service has assigned a Aa2 foreign currency debt rating to the USD senior unsecured notes drawdown issued by DBS Group Holdings Ltd from its USD30 billion global medium-term note program.

DBS Group Holdings Ltd: Update Following First-Quarter 2017 Results

FINANCIAL INSTITUTIONS CREDIT OPINION 23 May 2017 Update Contacts Simon Chen 65-6398-8305 VP-Senior Analyst [email protected] Eugene Tarzimanov 65-6398-8329 VP-Sr Credit Officer [email protected] Rebaca L Tan 65-6311-2610 Associate Analyst [email protected] Gene Fang 65-6398-8311 Associate Managing Director [email protected] DBS Group Holdings Ltd Update Following First-Quart

DBS GROUP HOLDINGS LTD. with less fundamental stars is reduced to Neutral

DBS GROUP HOLDINGS LTD. (SG), a company active in the Money Center Banks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date January 31, 2020, the closing price was SGD 25.37 and its expected value was estimated ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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