Singapore Banks Shares will exceed your Wallstreet Prediction
DBS (SGX:D05): Valuation Check After RMB Clearing Bank Appointment and Multi‑Year Capital Return Plan
DBS Group Holdings (SGX:D05) is back in focus after being appointed Singapore's second renminbi clearing bank, a move that deepens its role in regional trade flows and cross border payments.
See our latest analysis for DBS Group Holdings.
That RMB clearing mandate and the S$8 billion capital return plan seem to be resonating with investors, with the share price at S$56.30, a strong year to date share price return of 28.07 percent and a five year total shareholder return of 219.46 percent...
0522 GMT - Any weakness in Seatrium's share price could be an opportunity to accumulate the stock, Citi's Luis Hilado says in a note. While Seatrium has agreed to resolve its dispute with a Maersk affiliate over a vessel contract, the Empire Wind project that the vessel was intended for was newly suspended, which could affect the share price, the analyst says. However, he notes that the vessel could be used in European markets rather than being limited to U.S. offshore projects, according to the Singapore offshore and marine company. He thinks this would help offset project and commercial launch risks related to the vessel contract. Citi retains its buy rating and S$2.65 target price on the stock, which is flat at S$2.13.