DBS Group Research ups Singapore's FY2020 growth forecast, says recovery 'underway' but remains uneven - THE EDGE SINGAPORE

Singapore economy

DBS Group Research ups Singapore's FY2020 growth forecast, says recovery 'underway' but remains uneven

Seah expects an upward revision of headline GDP growth for 3Q2020 to -5.4% y-o-y in 3Q2020 from the 13.3% contraction in 2Q2020.

Broker's Calls

Maybank positive on Singapore banks despite rising rates; UOB is its top pick

SINGAPORE (May 22): Maybank Kim Eng is remaining “positive” on Singapore’s banking sector in spite of rising fixed deposit (FD) rates as it continues to anticipate catalysts from NIM expansion, higher loan growth and fee income.

Broker's Calls

Finally, some good news for DBS?

SINGAPORE (Nov 24): RHB is maintaining its “buy” recommendation for DBS Group, and raised its target price from $17.30 to $18.38, as market watchers become increasingly certain that the US Federal Reserve will raise interest rates in December.

Broker's Calls

Why DBS is still attractive despite O&G exposure

SINGAPORE (Nov 2): UOB Kay Hian remains bullish on DBS Group, maintaining a “buy” call with a target price of $18.98, despite the bank’s exposure to the oil and gas industry.

Broker's Calls

Singapore banks face near-term headwinds; muted 3Q expected

SINGAPORE (Oct 12): Goldman Sachs expects 3Q to be muted quarter for DBS, OCBC and UOB, with margins coming pressure and muted credit growth. Meanwhile, the Singapore banks appear to be bracing for more defaults in the oil & gas sector though exposures sh

Broker's Calls

Minimal impact from Indonesia’s tax amnesty on Singapore banks so far

SINGAPORE (Oct 5): When Indonesia announced a tax amnesty in July to offer lower penalties to tax evaders, market watchers here expected Singapore banks to begin seeing large outflows in their assets under management.

DBS to gain most from Fed rate hike

SINGAPORE (July 14): RHB is maintaining its “buy” call on DBS Bank at an unchanged target price of $17.30, despite expectations for deteriorating asset quality and loan contractions to take place over 2016-17.