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DBS kept at 'buy' with still more upside expected ahead: RHB

Stanislaus Jude Chan
Stanislaus Jude Chan1/21/2019 04:18 PM GMT+08  • 2 min read
DBS kept at 'buy' with still more upside expected ahead: RHB
SINGAPORE (Jan 21): RHB Research is maintaining its “buy” call on DBS Group Holdings with an unchanged target price of $29.80.
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SINGAPORE (Jan 21): RHB Research is maintaining its “buy” call on DBS Group Holdings with an unchanged target price of $29.80.

This comes on the back of expectations of still more upside ahead, led by widening net interest margin (NIM).

Analyst Leng Seng Choon notes that the 3-month SIBOR has been on a rising trend. It currently stands at 1.89%, after hitting an average of 1.73% in 4Q18 – some 0.1 percentage point higher than the preceding quarter.

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