Home THE DAILY EDGE Business DBS Group 3Q net profit likely +15.5% on-year-poll
DBS Group 3Q net profit likely +15.5% on-year-poll
Written by Dow Jones & Co, Inc   
Wednesday, 03 November 2010 10:45
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DBS Group (D05.SG), southeast Asia’s largest bank by assets, expected to report 3Q net profit +15.5% on-year to $650.2 million, according to Dow Jones poll of 5 analysts. 

Focus will be on mortgage growth in tough margin environment, how bank is faring in competitive SME loan sector. 
 
Bank’s shift to Asian emerging markets, increase in treasury and markets business also key. “The changes that management are trying to implement are laudable, but implementation will require time,” says Macquarie Research. 
 
Results due before market open Thursday.
 

 

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Last Updated on Wednesday, 03 November 2010 10:51