DBS Looks Resilient Against Rate Cuts, Recession Worries -- Market Talk

Dow Jones08-09

0336 GMT - DBS looks resilient and well-prepared for upcoming macro changes including U.S. rate cuts and recession risks, Jefferies Hong Kong analysts write in a note. DBS reported strong 2Q results with upgrades to its guidance across key areas, and with the macro environment having caused some share price correction, now is a good time to buy the stock, they write. DBS has cushioned against sensitivity toward interest rates more than its Hong Kong and Singapore peers, and shown commitment to growing dividend payouts, they add. Jefferies retains a buy rating on DBS and raises its price target to S$42.00 from S$41.00. Trading is closed for a holiday in Singapore. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 08, 2024 23:36 ET (03:36 GMT)

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DBS reported strong 2Q results ...</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":"LU0823417653.USD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2458586971","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458586971","pubTimestamp":1723174560,"columns":[],"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":"0336 GMT - DBS looks resilient and well-prepared for upcoming macro changes including U.S. rate cuts and recession risks, Jefferies Hong Kong analysts write in a note. 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DBS reported strong 2Q results with upgrades to its guidance across key areas, and with the macro environment having caused some share price correction, now is a good time to buy the stock, they write. DBS has cushioned against sensitivity toward interest rates more than its Hong Kong and Singapore peers, and shown commitment to growing dividend payouts, they add. Jefferies retains a buy rating on DBS and raises its price target to S$42.00 from S$41.00. Trading is closed for a holiday in Singapore. 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