Home Capital Results

DBS restarted at 'buy' by KGI on rising interest rates, private banking growth

PC Lee
PC Lee11/2/2018 11:22 AM GMT+08  • 2 min read
DBS restarted at 'buy' by KGI on rising interest rates, private banking growth
SINGAPORE (Nov 2): KGI Securities has restarted coverage on DBS Group Holdings with a “buy” given Singapore’s largest bank is well-positioned to benefit from rising interest rates as well as the city-state’s continued growth as a private banking h
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 2): KGI Securities has restarted coverage on DBS Group Holdings with a “buy” given Singapore’s largest bank is well-positioned to benefit from rising interest rates as well as the city-state’s continued growth as a private banking hub.

In a Friday report, KGI analyst Marc Tan says DBS has the highest CASA (current and saving accounts) composition among its peers which means funding cost for DBS will likely remain low and as the rate hike cycle continues, he expects SIBOR and SOR to trend upwards, driving interest income growth.

For its private banking business, DBS’s acquisition of ANZ and Societe Generale has greatly enhanced its footprints in the region. Among the largest private banks in Asia Pacific, DBS has been the only Singapore bank to break into the top six since 2014.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.