DBS (D05.SG) +1.2% at $13.98, bucking falls by other 2 Singapore lenders, says Dow Jones.

Gains possibly supported by bank's ambition to expand its treasury and markets business in Asia via $250 million investment over next five years.

Move comes at time when margins for core lending business pressured by low interest rates. Investment will include increasing headcount in Asia to about 600 from 405 now, expanding its Hong Kong-based RMB business capabilities, which includes FX, bonds, structured products, hedging solutions.

"Activity in both Indian and Chinese currencies is currently modest, with combined turnover roughly equivalent to that of the Singapore dollar. But we think further development and liberalisation of these economies could see exponential growth in FX turnover, suggesting a substantial opportunity for DBS," says Deutsche Bank, which has Buy call with $17.20 target.

Resistance expected at 50-day moving average, last at $14.20.