Wednesday, 2 November 2016

Stock Market News : DBS gets an upgrade as negatives largely priced in .

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SINGAPORE (Nov 2): Maybank Kim Eng is updating DBS Group Holdings to "hold" with higher target cost of $14.55 subsequent to raising FY16-18 assessed profit by 1% each to reflect higher non-premium wage and lower costs however balance by higher arrangements. 

The securing of ANZ's riches administration and retail business is likewise not anticipated that would materially affect capital, includes Maybank.

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