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https://www.channelnewsasia.com/singapore/wuhan-virus-coronavirus-dbs-employee-mbfc-776771
dbs share already hit the peak,only way is to go down
https://www.fitchratings.com/research/banks/singapore-thai-banks-likely-most-affected-by-covid-19-in-south-east-asia-03-03-2020
https://www.fitchratings.com/research/banks/singapore-thai-banks-likely-most-affected-by-covid-19-in-south-east-asia-03-03-2020
Across the board, DBS Group has received a consensus rating of ?buy? from 12 out of 20 analysts polled by Bloomberg as of 09 September 2020.
The stock also has a consensus 12-month target price of S$22.96, which represents a 12.2% upside from the last traded price of S$20.46.
UOB analyst Jonathan Koh recently reiterated a target price of S$22.90 and ?buy? call on the stock.
He wrote that the bank surpassed expectations in 2020?s second quarter ?with a vast improvement in CASA (current accounts and savings accounts) ratio and continued expansion of AUM (assets under management)?.
It also has unrealised mark-to-market (MTM) gains of S$1.5 billion in its book to provide a cushion against lower net interest margins in the second half of 2020, Koh added.
On the other hand, CIMB has a ?hold? rating on DBS, alongside a lower target price of S$20.46 a share ? on par with current prices.
The analysts wrote that while they are optimistic on a pick-up in credit growth across all three banks as GDP recovers, the end of debt moratoriums could potentially ?deepen asset quality pressures?.
Analyst ratings for DBS:
http://fumacrom.com/1mtnc
Full DBS Analysis compared to OCBC and UOB: http://fumacrom.com/1mtqa
The stock also has a consensus 12-month target price of S$22.96, which represents a 12.2% upside from the last traded price of S$20.46.
UOB analyst Jonathan Koh recently reiterated a target price of S$22.90 and ?buy? call on the stock.
He wrote that the bank surpassed expectations in 2020?s second quarter ?with a vast improvement in CASA (current accounts and savings accounts) ratio and continued expansion of AUM (assets under management)?.
It also has unrealised mark-to-market (MTM) gains of S$1.5 billion in its book to provide a cushion against lower net interest margins in the second half of 2020, Koh added.
On the other hand, CIMB has a ?hold? rating on DBS, alongside a lower target price of S$20.46 a share ? on par with current prices.
The analysts wrote that while they are optimistic on a pick-up in credit growth across all three banks as GDP recovers, the end of debt moratoriums could potentially ?deepen asset quality pressures?.
Analyst ratings for DBS:
http://fumacrom.com/1mtnc
Full DBS Analysis compared to OCBC and UOB: http://fumacrom.com/1mtqa