DBS Group Holdings

Update

DBS wins Reserve Bank of India approval to start subsidiary banking operation

MUMBAI (Sept 5): Singapore’s biggest lender DBS Group Holdings has won the Reserve Bank of India’s (RBI) approval to provide banking services in the country through a wholly-owned subsidiary, its CEO said on Monday.

Commentary

QR payments are coming... DBS, OCBC and UOB need a quick response

SINGAPORE (Aug 31): When is something money and not just a cowrie shell? When you can pay taxes with it. Or that's the argument of chartalists, the folks who see the state's hand behind the origins of all manner of money.

CNMC results disappoint again; Second Chance added to portfolio

(Aug 21): Corporate earnings for 2Q2017 were not great. Of the Straits Times Index’s 30 component companies, 14 missed market expectations, while 11 outperformed, says Margaret Yang, an analyst at CMC Markets, citing Bloomberg data. The remaining five c

Property

$970 mil bid for Tampines Court a ‘quantum leap of faith’ from Sim Lian

SINGAPORE (Aug 16): DBS Group Research is remaining cautious on news of property developer Sim Liam Group’s potential purchase of Tampines Court, which would represent the condominium property home owners’ third attempt for a collective sale.

Broker's Calls

Manulife US REIT kept at ‘buy’ on attractive yields and improving US market

SINGAPORE (Aug 11): DBS is maintaining its “buy” call on Manulife US REIT a with a target price of US$1.07 ($1.46).

In print this week

Which private bank play should investors bank on?

SINGAPORE (Aug 11): Singapore’s three local banks – DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank – have expanded regionally over the last couple of decades, putting them in a stronger position to gather onshore assets fo

Results

DBS 2Q earnings rise 8% to $1.14 bil; achieves record earnings of $2.35 bil for half year

SINGAPORE (Aug 4): DBS Group achieved record earnings of $2.35 billion for first-half 2017, up 4% from a year ago as total income reached a half-year high of $5.81 billion, expenses decline with digitalisation and with lower allowances.

DBS plans US dollar Green bond debut

HONG KONG (July 17): DBS Group Holdings, rated Aa2/AA- (Moody’s/Fitch), has hired banks for a potential offering of US dollar Green bonds, which would be the first offshore issue of this kind from a Singapore issuer.

Broker's Calls

Singapore banks fairly valued but Maybank sees upside risks

SINGAPORE (July 3): Maybank Kim Eng is maintaining its “neutral” recommendation on Singapore banks as valuations appear to be fair in view of tail risks from the Oil & Gas sector and stable net interest margins.

In print this week

Venture debt fills important funding gap, says InnoVen; but it may lower valuations

SINGAPORE (July 3): GuavaPass, the start-up that sells fitness centre subscriptions, is profitable and could probably raise equity from venture capitalists quite easily. But the KFit rival prefers to take on debt. “It is less expensive than equity,” s
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