DBS Group Holdings Ltd.

DBS Group Holdings is an investment holding, treasury and funding vehicle for itself and its subsidiaries. Co.'s main subsidiary is DBS Bank Ltd, which is engaged in a range of commercial banking and financial services, principally in Asia. Co.'s various business segments are: Consumer Banking/ Wealth Management, which provides individual customers with a range of banking and related financial services; Institutional Banking, which provides financial services and products to institutional clients; as well as Treasury, which provides treasury services to corporations, institutional and private investors, financial institutions and other market participants.
  • TickerD05
  • ISINSG1L01001701
  • ExchangeSingapore Exchange
  • SectorBanks
  • CountrySingapore

Analysts

UOB
K Ajith ...
  • Singapore Research Team

Quantitative Analysis - Performance tracker and tactical recommendation post Trump’s tariff tweet

Since the announcement of trade tariffs on China on 5 May 19, the FSSTI has declined by 7.3%. Banks, O&M stocks and Venture Corp led the declines, while the REITS outperformed. From a dividend yield and ROE perspective, DBS, OCBC and Venture Corp appear the most attractive. From a technical perspective, Sembcorp Marine, Sembcorp Industries, DBS and OCBC appear the most attractive. Our tactical recommendation suggests a switch out from the top 6 outperformers to financials and Venture Corp on a yield-neutral basis.

UOB
K Ajith ...
  • Singapore Research Team

Singapore Daily - Friday, June 7, 2019

KEY HIGHLIGHTS Strategy Quantitative Analysis: Performance tracker and tactical recommendation post Trump’s tariff tweet. TRADERS’ CORNER Suntec Reit (SUN SP): Trading Buy City Developments (CIT SP): Trading Buy

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan
  • K Ajith
  • Leow Huey Chuen
  • Singapore Research Team
  • Thunya Sutavepramochanon

Regional Morning Notes - Friday, June 7, 2019

MALAYSIA Sector Plantation: 1Q19 results review: Hit by lower FFB production; expect better performance in the coming quarters. Telecommunications: 1Q19 results wrap-up: Cellular earnings continued to decline while TM surprised on the upside. Upgrade sector to OVERWEIGHT on the back of a Telenor and Axiata merger. SINGAPORE Strategy Quantitative Analysis: Performance tracker and tactical recommendation post Trump’s tariff tweet. THAILAND Sector Food: Domestic meat prices are recovering.

UOB
Singapore Research Team

Strategy - Alpha Picks: A challenging May; Adding Wilmar

Our portfolio declined 7.5% mom as May proved to be a difficult period with the FFSSTI retracing 8.3% mom. We tweak our portfolio by adding Wilmar and removing SATS.

UOB
Jonathan Koh ...
  • K Ajith

SINGAPORE INVESTMENT STRATEGY: 2-page update - Price = US$250:-

UOB Kay Hian published on 22nd May an investment strategy update to review the 1Q19 results in the Singapore stock market and assess the prospects for 2019. This 4-page strategy update (including the 2-page disclaimer) contains 12 actionable investment ideas and is available to be purchased today for US$250. The strategy update has information on 10 of our preferred Singapore-listed companies, as well as 2 high-conviction SELL recommendations. This information includes our target price for each company. For more information about the UOBKayHian dealing services in the Asia-Pacific region and t...

UOB
K Ajith ...
  • Singapore Research Team

Quantitative Analysis - Performance tracker and tactical recommendation post Trump’s tariff tweet

Since the announcement of trade tariffs on China on 5 May 19, the FSSTI has declined by 7.3%. Banks, O&M stocks and Venture Corp led the declines, while the REITS outperformed. From a dividend yield and ROE perspective, DBS, OCBC and Venture Corp appear the most attractive. From a technical perspective, Sembcorp Marine, Sembcorp Industries, DBS and OCBC appear the most attractive. Our tactical recommendation suggests a switch out from the top 6 outperformers to financials and Venture Corp on a yield-neutral basis.

UOB
K Ajith ...
  • Singapore Research Team

Singapore Daily - Friday, June 7, 2019

KEY HIGHLIGHTS Strategy Quantitative Analysis: Performance tracker and tactical recommendation post Trump’s tariff tweet. TRADERS’ CORNER Suntec Reit (SUN SP): Trading Buy City Developments (CIT SP): Trading Buy

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan
  • K Ajith
  • Leow Huey Chuen
  • Singapore Research Team
  • Thunya Sutavepramochanon

Regional Morning Notes - Friday, June 7, 2019

MALAYSIA Sector Plantation: 1Q19 results review: Hit by lower FFB production; expect better performance in the coming quarters. Telecommunications: 1Q19 results wrap-up: Cellular earnings continued to decline while TM surprised on the upside. Upgrade sector to OVERWEIGHT on the back of a Telenor and Axiata merger. SINGAPORE Strategy Quantitative Analysis: Performance tracker and tactical recommendation post Trump’s tariff tweet. THAILAND Sector Food: Domestic meat prices are recovering.

UOB
Singapore Research Team

Strategy - Alpha Picks: A challenging May; Adding Wilmar

Our portfolio declined 7.5% mom as May proved to be a difficult period with the FFSSTI retracing 8.3% mom. We tweak our portfolio by adding Wilmar and removing SATS.

UOB
Jonathan Koh ...
  • K Ajith

SINGAPORE INVESTMENT STRATEGY: 2-page update - Price = US$250:-

UOB Kay Hian published on 22nd May an investment strategy update to review the 1Q19 results in the Singapore stock market and assess the prospects for 2019. This 4-page strategy update (including the 2-page disclaimer) contains 12 actionable investment ideas and is available to be purchased today for US$250. The strategy update has information on 10 of our preferred Singapore-listed companies, as well as 2 high-conviction SELL recommendations. This information includes our target price for each company. For more information about the UOBKayHian dealing services in the Asia-Pacific region and t...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

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