How will DBS fare this 4Q? Here’s a preview

SINGAPORE (Feb 2): UOB Kay Hian expects DBS Group Holdings to report on Feb 16 a “decent” net profit of $983 million for 4Q16, down 8% on quarter but flat on-year.

The research house is maintaining a “buy” on the stock with a target price of $21.20.

UOB says DBS is the prime beneficiary of higher Singapore and US interest rates and expects the bank to generate a growth of 7.1% for PPoP (Pre-Provision Operating Profit) in 2016.

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