In their report dated July 19, the analysts are expecting the bank to report a stronger net interest margin (NIM) expansion of 10 basis points (bps) q-o-q to 1.56% for the 2QFY2022, compared to the 3 bps q-o-q increase seen in the 1QFY2022. The NIM expansion will offset the weakness in fees, which may be weighed down by the risk-off sentiment in wealth management income, the analysts say.
CGS-CIMB Research analysts Andrea Choong and Lim Siew Khee are keeping their “buy” call on DBS Group Holdings with an unchanged target price of $40.20 ahead of the bank’s results for the 2QFY2022 ended June.
DBS will be releasing its results for the quarter and the 1HFY2022 on the morning of Aug 4.
