DBS Signals Continuity With CEO Pick -- Market Talk

Dow Jones08-08

0212 GMT - DBS Group's pick of Tan Su Shan as its next CEO signals continuity at the Singapore bank, Maybank Research analyst Thilan Wickramasinghe says in a report. The appointment suggests a stable transition as Tan is already a major contributor to DBS's culture and business mix, Wickramasinghe says. Among DBS' key priorities will be driving growth in North Asia amid a structural slowdown, pursuing new growth in India and staying the course on capital returns, the analyst reckons. Maybank keeps a buy rating on the stock, but cuts its target price to S$38.76 from S$38.87. Shares are last 0.45% lower at S$33.50.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

August 07, 2024 22:12 ET (02:12 GMT)

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The appointment suggests a stable ...</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":"DBS","symbol_name":"Invesco DB Silver Fund","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457382176","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457382176","pubTimestamp":1723083120,"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":"0212 GMT - DBS Group's pick of Tan Su Shan as its next CEO signals continuity at the Singapore bank, Maybank Research analyst Thilan Wickramasinghe says in a report. 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The appointment suggests a stable transition as Tan is already a major contributor to DBS's culture and business mix, Wickramasinghe says. Among DBS' key priorities will be driving growth in North Asia amid a structural slowdown, pursuing new growth in India and staying the course on capital returns, the analyst reckons. Maybank keeps a buy rating on the stock, but cuts its target price to S$38.76 from S$38.87. 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