In separate reports released Nov 7, RHB analysts raised their target price for DBS to $59 from $57.10 and lowered their target price for UOB to $36.10 from $38.80.
RHB Bank Singapore analysts are staying put with their “buy” call on DBS Group Holdings and “neutral” call on United Overseas Bank (UOB), despite the former’s run-up to a record share price of $55.55 on Nov 6 following the release of its third-quarter results.
This puts RHB at odds with OCBC Investment Research head Carmen Lee, who issued a “buy” call on UOB and “hold” call on DBS on Nov 6.
