DBS Group

SINGAPORE (June 28): RHB is maintaining its “neutral” stance on Singapore’s banking sector as Credit Bureau Singapore (CBS) data reflected a 20% q-o-q increase in 1Q17 loan applications, which the research house says is a positive for Singapore bank

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.

SINGAPORE (May 2): DBS Group reported 1Q net profit rose to a record $1.21 billion, up 1% from a year ago on record fee income.

SINGAPORE (Nov 30): UBS Global Research does not expect the recent share price rally of Singapore banking stocks to be sustainable.

SINGAPORE (Nov 24): RHB is maintaining its “buy” recommendation for DBS Group, and raised its target price from $17.30 to $18.38, as market watchers become increasingly certain that the US Federal Reserve will raise interest rates in December.

(Nov 18): Singapore Telecommunications hired three banks to manage an initial public offering (IPO) of up to US$2.5 billion ($3.6 billon) for its broadband subsidiary NetLink Trust, IFR reported late on Thursday, citing people close to the deal.

SINGAPORE (Nov 17): UOB Kay Hian, DBS Group, OCBC and RHB are all calling a “buy” on ComfortDelGro with target prices of $2.90, $3.09, $3.08 and $3.19 respectively.

SINGAPORE (Nov 8): Singapore banks could see better days after the US Federal Reserve announces its rate hike later this year, according to RHB Research which is maintaining its “neutral” rating on the sector.

SINGAPORE (Nov 7): Maybank Kim Eng is maintaining its “negative” recommendation on Singapore banks, in anticipation of further asset quality deterioration, even as the local lenders have focused on revenue generation in 3QFY16.

SINGAPORE (Oct 20): Singapore stocks gave up early gains on Thursday and closed marginally lower, on broadly weaker regional cues and a fall in oil prices.