I think $60 this week is possible, but it probably needs both a solid result and a reassuring tone on guidance.
At these levels, I’d be watching whether the market focuses more on net interest margin pressure or on the strength of the broader franchise and wealth management business.
My first reaction is that DBS can still deliver a respectable result, but getting through $60 convincingly may depend on whether management gives investors enough confidence that earnings quality remains strong from here.
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