$DBS(D05.SI)$ $UOB(U11.SI)$ Fo-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Investordude1301

Following DBS’ earnings release on Thursday (Apr 30) – where its net profit rose 1 per cent year on year to S$2.93 billion and surpassed Bloomberg analysts’ expectations – CGSI upgraded the bank to “add” from “hold”, raising its target price to S$63.80 from S$60.

“We turn more constructive on DBS after its analyst briefing on Apr 30, due to its resilient net interest income (NII) and stronger growth in its wealth management fees,” said CGSI analyst Tay Wee Kuang.

Source: https://www.businesstimes.com.sg/companies-markets/analysts-upgrade-dbs-lift-target-price-improved-forecasts-wealth-franchise-growth

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