SINGAPORE (Nov 3): A better environment for capital markets and stronger trade flows in China will boost the earnings of DBS Group Holdings, CIMB says, reiterating its “add” recommendation on Singapore’s biggest bank by assets.

CIMB raises its target on DBS to $19.58 from $18.68 after the bank last week reported a 6% on-year rise in third-quarter net profit amid higher income from interest and trading.

CIMB says DBS’s third quarter net interest income looked the best among peers on a combination of margin improvement and loan growth, also helped partly by foreign exchange.

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