DBS Group, Alliance Bank Malaysia Could Benefit from Potential Deal -- Market Talk

Dow Jones11-11

0718 GMT - DBS Group and Alliance Bank Malaysia could benefit from a potential acquisition, TA Securities analyst Li Hsia Wong writes. A media report said that DBS plans to expand in Malaysia through potentially acquiring stakes in local banks, including absorbing Temasek's 29.1% stake in Alliance Bank. The analyst notes that Alliance Bank could gain from DBS's expertise in enhancing its corporate and wholesale banking segments. The analyst adds that the move could provide DBS a "ready and established platform in Malaysia, a market with promising growth potential."(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 02:18 ET (07:18 GMT)

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A media report said that DBS plans to expand in Malaysia through potentially acquiring stakes in local banks, including absorbing Temasek's 29.1% stake in Alliance Bank. The analyst notes that Alliance Bank could gain from DBS's expertise in enhancing its corporate and wholesale banking segments. 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