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DBS 3Q results preview: Higher provisions offset by consolidation of acquisitions

PC Lee
PC Lee10/24/2017 11:28 AM GMT+08  • 2 min read
DBS 3Q results preview: Higher provisions offset by consolidation of acquisitions
SINGAPORE (Oct 24): UOB KayHian expects DBS’ consolidation of ANZ’s wealth management and retail banking businesses in Singapore and Hong Kong to boost loan and fee income growth in 3Q.
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SINGAPORE (Oct 24): UOB KayHian expects DBS’ consolidation of ANZ’s wealth management and retail banking businesses in Singapore and Hong Kong to boost loan and fee income growth in 3Q.

In addition, downsizing of the Fed’s balance sheet and more interest rate hikes in the US will be positive for DBS due to its strong deposit franchise.

“Maintain ‘buy’ with target price of $24.48,” says analyst Jonathan Koh.

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