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DBS ‘at risk’ exposure remains low

PC Lee
PC Lee9/2/2016 12:46 PM GMT+08  • 2 min read
DBS ‘at risk’ exposure remains low
SINGAPORE (Sept 2): Daiwa is reiterating its “buy” call with $22 price target for DBS Group Holdings as the research house believes the street’s post-Swiber earnings per share downgrades are overdone.
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SINGAPORE (Sept 2): Daiwa is reiterating its “buy” call with $22 price target for DBS Group Holdings as the research house believes the street’s post-Swiber earnings per share downgrades are overdone.

In a Thursday report, analyst David Lum notices that Daiwa’s 2016-18 EPS, which already incorporate DBS’s 2Q16 results and impairment charges for the Swiber exposure, are still 4-14% higher than those from Bloomberg consensus.

But Lum believes the calculations by the research house are not based on “wildly optimistic assumptions”.

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