Do record 1Q earnings signal the end of DBS Group's NPL woes?

SINGAPORE (May 3): RHB and Maybank Kim Eng Research are reiterating their “neutral” and “hold” calls on DBS Group at price targets of $20.50 and $19.86 respectively, up from the previous $19.35 and $18.13.

This comes after the banking and financial services group on Tuesday posted a 1Q17 net profit of $1.2 billion, up 1% on record fee income.