Fides Assets View: DBS Group Holdings

[Fides Assets Singapore Views: DBS GROUP HOLDINGS – SGX] 27th May 2019 Maintain BUY for DBS GROUP HOLDINGS (DBS SP) listed on SGX Target price: SGD$30.20 2019 was a solid start for banks reporting earnings growth of 7%-12% year-on-year (yoy) despite the high base of performance in 2018. A spike in mortgage lending rates helped…