30 Apr '18, 7am

Higher rates are manna for Singapore's biggest bank

Higher rates are manna for Singapore's biggest bank

The three homegrown lenders – DBS, Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. – are among the biggest gainers on the Straits Times Index this year. DBS shares, up 24 percent, are almost bumping up against analysts’ consensus 12-month price target. With the real-estate market improving steadily, investors’ interest might shift from banks to builders eventually.However, until deposit costs start to catch up more meaningfully with lending rates, the warm glow at DBS may linger.

Full article: https://www.bloomberg.com/gadfly/articles/2018-04-30/dbs-...

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