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DBS kept at 'neutral' by RHB with growth largely priced in

PC Lee
PC Lee2/8/2018 04:56 PM GMT+08  • 2 min read
DBS kept at 'neutral' by RHB with growth largely priced in
SINGAPORE (Feb 8): RHB is raising DBS Group's target price to $25 on the back of stellar 4Q17 results, encouraging loan growth and wider NIM.
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SINGAPORE (Feb 8): RHB is raising DBS Group's target price to $25 on the back of stellar 4Q17 results, encouraging loan growth and wider NIM.

But with the positives are largely priced in, RHB is maintaining its "neutral" call on the bank.

In 4Q17, DBS's earnings came in line with expectations. Excluding one-time items from mainly due to integration costs for ANZ banking businesses, 4Q17 core net profit of $1.2 billion 33% higher than the previous year.

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