Home THE DAILY EDGE Business DBS posts first drop in week after RBS cuts rating
DBS posts first drop in week after RBS cuts rating

Tags: Dbs Group Holdings | Royal Bank of Scotland Plc

Written by Bloomberg   
Thursday, 15 July 2010 17:38
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DBS Group Holdings fell for the first time in more than a week in Singapore trading after the Southeast Asia’s biggest bank by assets was cut to “sell” from “buy” at Royal Bank of Scotland Group Plc.

DBS dropped 1.1% to $14.62 at the close, with $107.4 million shares changing hands, the most actively traded stock by value on the Singapore exchange today.
 
The Singapore-based lender’s earnings may “disappoint” in the short term amid the city-state’s low interbank rate and rising costs, RBS analyst Trevor Kalcic said in a report yesterday
 
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DBS posts first drop in week after RBS cuts rating
Thursday, 15 July 2010

Last Updated on Thursday, 15 July 2010 17:40