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As SIBOR rises, so do the earnings of this bank stock

RHB strategy for 2017

As SIBOR rises, so do the earnings of this bank stock

Michelle Zhu Published on Mon, Jan 09, 2017 / 11:58 AM GMT+8

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SINGAPORE (Jan 9): RHB expects DBS’ share price performance, which was already strong since the US presidential election results, to surge even further from higher Singapore interest rates in the near-term.

As such, it is maintaining its “buy” call on DBS as its top pick in the banking sector with a target price of $18.38.

In a report on Tuesday, analyst Leng Seng Choon explains that DBS is a key beneficiary of the expected Singapore Interbank Offered Rate (SIBOR) rise as the market expects the Fed Funds rate to continue its incline in 2017.

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As SIBOR rises, so do the earnings of this bank stock

RHB strategy for 2017

As SIBOR rises, so do the earnings of this bank stock

Primary tabs

Error message

As SIBOR rises, so do the earnings of this bank stock

RHB strategy for 2017

As SIBOR rises, so do the earnings of this bank stock

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