DBS Likely to Sustain Earnings Growth Momentum This Year -- Market Talk

Dow Jones08-08

0547 GMT - DBS Group's profit after tax and minority interests is likely to rise 6% on year, RHB Research analysts say in a report, as they raise the stock's target price to S$41.40 from S$41.20. The Singapore bank's 2Q results beat estimates and management has raised PATMI growth forecast to mid-to-high single digit from 'above 2023 levels', the analysts note. The bank's wealth momentum remained strong in July and should do well in a falling rates environment, the analysts add. RHB raises its 2024 earnings forecast for DBS by around 3%, after the bank's better-than-expected 2Q results and update to management's guidance. RHB keeps a buy rating on the stock, which was last 0.3% lower at S$33.56.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

August 08, 2024 01:47 ET (05:47 GMT)

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The ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"D05.SI","symbol_name":"星展集团控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457358589","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457358589","pubTimestamp":1723096020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0547 GMT - DBS Group's profit after tax and minority interests is likely to rise 6% on year, RHB Research analysts say in a report, as they raise the stock's target price to S$41.40 from S$41.20. 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