Tuesday, April 28, 2015

DBS kept at 'buy' by RHB Research with higher target price of $23.30

Stock Name: DBS
Company Name: DBS GROUP HOLDINGS LTD
Research House: RHBPrice Call: BUYTarget Price: 23.30



SINGAPORE (Apr 28): DBS Group Holdings' core earnings is expected to grow 14% in FY15, supported by healthy income growth and a stable credit cost, according to RHB Research Institute.

It said DBS Group offers the "best leverage" to the rise in Singapore's short-term rates, with evidence of net interest margin (NIM) expansion becoming evident from the second quarter last year.

RHB raised target price to $23.30 from $22.30 previously and retained a "buy" call for the stock.

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