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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.
September 05, 2017
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.
August 31, 2017
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
August 19, 2017
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.
August 16, 2017
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).
August 11, 2017
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
August 11, 2017
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.
August 04, 2017
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.
July 17, 2017
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.
July 03, 2017
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
July 03, 2017