Singapore Stock Market News

DBS Group - Management luncheon with investors: Upbeat tone remains; Buy

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Publish date: Tue, 08 May 2018, 05:45 PM
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We hosted DBS management (Piyush Gupta, CEO and Chng Sok Hui, CFO) for an investor lunch on May 2, 2018 after its 1Q18 results. Overall, we came away positive from the meeting, with DBS reiterating its positive outlook and effort to reach 13% ROE in the next few years.

The meeting was focused on:
(1) digitalization and its importance,

(2) expenses and scope for improvement,

(3) asset quality in a rising rate environment.
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