Phillip Securities analyst Glenn Thum maintained a Buy rating on DBS Group Holdings (DBSDF – Research Report) today and set a price target of S$41.60. The company’s shares opened today at $24.61.
According to TipRanks, Thum is an analyst with an average return of -2.6% and a 18.75% success rate. Thum covers the Financial sector, focusing on stocks such as DBS Group Holdings, OCBC, and UOB.
In addition to Phillip Securities, DBS Group Holdings also received a Buy from UOB Kay Hian’s Jonathan Koh in a report issued on March 17. However, on March 9, J.P. Morgan maintained a Hold rating on DBS Group Holdings (Other OTC: DBSDF).
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DBSDF market cap is currently $61.82B and has a P/E ratio of 10.43.
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DBS Group Holdings Ltd. is an investment company, which engages in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment offers financial services and products to institutional clients. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The Others segment covers activities from corporate decisions and income; and expenses not attributed to the business segments described. The company was founded in 1968 and is headquartered in Singapore.
