0300 GMT - DBS Group looks better placed than its peers to weather the storm amid global uncertainties, Macquarie Capital's Jayden Vantarakis in a note. The Singapore bank is comfortable with its strong balance sheet and existing credit provision buffers in place. It also now believes that its 2026 earnings have a good shot at coming in flat. "DBS believes supply chain impacts on its clients from the Middle East conflict can be contained and expects medium-term lending opportunities in infrastructure and renewables to arise," he says. Macquarie upgrades the stock's rating to neutral from underperform and raises its target price to S$52.38 from S$48.56. Shares are last 0.7% higher at S$58.89.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 03, 2026 23:00 ET (03:00 GMT)
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