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DBS attempts to narrow the market cap gap with Sea

Goola Warden
Goola Warden11/18/2021 06:27 PM GMT+08  • 4 min read
DBS attempts to narrow the market cap gap with Sea
DBS's share price has rallied with the potential listing of one or more of its digital businesses and a retreat by Sea
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DBS Group Holdings has cleared the $30 level emphatically. Part of the reason is likely to be additional value that some of its digital assets including DBS Remit and the businesses under DBS Finnovation could bring to DBS’s shareholders.

During a results briefing on Nov 5, DBS indicated that the “holding company” owns DBS Finnovation, which in turn has stakes in Partior, DBS Digital Exchange, Climate Impact X and new innovations which have not yet happened.

“The structure will allow us to create partnerships, joint ventures or even our own bespoke activities and keep them at arm’s length from the bank,” group CEO Piyush Gupta had said on Nov 5. DBS Group Holdings, the listed holding company, and DBS Bank are currently managed under a common governance mechanism. “If and when it becomes appropriate, we could move Finnovation directly under the holding company alongside the bank,” Gupta says.

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