Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  DBS Group Holdings Ltd    DBSM   SG1L01001701

DBS GROUP HOLDINGS LTD

(DBSM)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Southeast Asia stocks: Most end firmer on Trump's trade concession; Indonesia leads

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/14/2019 | 06:35am EDT
A man walks past screen at the Indonesia Stock Exchange building in Jakarta

(Reuters) - Most Southeast Asian stock markets ended higher on Wednesday, in line with global peers, after Washington delayed some tariffs on Chinese imports in much-needed relief for financial markets gripped in economic turmoil.

The decision by U.S. President Donald Trump to selectively delay the tariffs that were set to go into effect on September. 1, doused friction between the two countries that has roiled global markets. Trump administration delayed duties on cellphones, laptops and other consumer goods in the hopes of blunting their impact on U.S. holiday sales.

"The question now is how far will this relief rebound go? A partial tariff delay is not going to solve the core issues between the U.S. and China," Margaret Yang, a market analyst at CMC Markets said in a note to clients.

"Markets will perhaps soon come down to earth and face the reality of a world of elevated trade tariffs, slower growth and policy inconsistency," the note added.

Indonesian shares <.JKSE> rebounded from previous session's losses to lead gains in the region, underpinned by banking stocks. Bank Rakyat Indonesia (Persero) and Bank Mandiri (Persero) closed up 1.2% and 1.4%, respectively.

The Philippine index <.PSI> ended at its highest in a week, helped by financial and consumer shares.

Branded food and beverage company Universal Robina Corp closed 4% firmer, while shares in real estate company Ayala Land ended up 3.5%.

Meanwhile, Singapore stocks <.STI> flitted between positive and negative territory before ending the session flat, as gains in the financial sector offset losses in the consumer sector.

"Investors are still very cautious and sentiment has been weakened by recent downgrades to economic forecast, and that has impacted upward momentum," Liu Jinshu, director of research at Singapore-based Tayrona Financial Pte Ltd said.

The city-state had trimmed its full-year expected growth range on Tuesday to zero to 1% from a previous forecast of 1.5%-2.5%, citing worsening global conditions.

Agribusiness company Wilmar international ended down 4.7% after it reported a 52% drop in its quarterly profit after market hours on Tuesday, while lender DBS Group Holding closed 0.7% firmer.

Thai shares, which were the biggest gainers for most of the session, ended marginally lower after Kasikornbank PCL slumped to its lowest level in over three years.

The Thai lender said it will cut its retail lending rates by 25 basis points, becoming the first bank to follow last week's surprise easing by the central bank.

(Reporting by Soumyajit Saha, Editing by Sherry Jacob-Phillips)

By Soumyajit Saha

Stocks mentioned in the article
ChangeLast1st jan.
AYALA LAND, INC. End-of-day quote.
BANK MANDIRI (PERSERO) TBK PT End-of-day quote.
BANK RAKYAT INDONESIA (PERSERO) TBK PT End-of-day quote.
DBS GROUP HOLDINGS LTD 0.00% 24.7 End-of-day quote.3.96%
KASIKORNBANK PCL End-of-day quote.
UNIVERSAL ROBINA CORPORATION End-of-day quote.
WILMAR INTERNATIONAL LIMITED -1.59% 3.72 End-of-day quote.18.10%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DBS GROUP HOLDINGS LTD
08/14SOUTHEAST ASIA STOCKS : Most end firmer on Trump's trade concession; Indonesia l..
RE
08/13Singapore slashes 2019 growth forecast stoking recession fears
RE
08/07Weak China demand, trade war knock Taiwan's July exports back into contractio..
RE
08/05SOUTHEAST ASIA STOCKS : Join global selloff; Philippines slumps three percent
RE
08/05DBS GROUP HOLDINGS LTD : Ex-dividend day for interim dividend
FA
08/01Singapore banks brace for slowdown after strong second quarter results
RE
07/31Taiwan pulls second quarter GDP growth surprise despite global tech slowdown
RE
07/29Most decline ahead of Fed policy meeting
RE
07/29DBS second quarter profit jumps on record net interest income, but easing rat..
RE
07/28DBS : 2Q Earnings Beat Expectations -- Earnings Review
DJ
More news
Financials (SGD)
Sales 2019 14 345 M
EBIT 2019 8 133 M
Net income 2019 6 202 M
Debt 2019 -
Yield 2019 4,98%
P/E ratio 2019 10,2x
P/E ratio 2020 9,99x
Capi. / Sales2019 4,40x
Capi. / Sales2020 4,22x
Capitalization 63 113 M
Chart DBS GROUP HOLDINGS LTD
Duration : Period :
DBS Group Holdings Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DBS GROUP HOLDINGS LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 28,24  SGD
Last Close Price 24,70  SGD
Spread / Highest target 27,5%
Spread / Average Target 14,3%
Spread / Lowest Target 4,45%
EPS Revisions
Managers
NameTitle
Piyush Gupta Vice Chairman & Chief Executive Officer
Lim Huat Seah Independent Chairman
Sok Hui Chng Chief Financial Officer
David Gledhill Chief Information Officer
Yiu Kiang Goh Non-Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DBS GROUP HOLDINGS LTD3.96%45 441
JP MORGAN CHASE & COMPANY7.76%336 326
INDUSTRIAL AND COMMERCIAL BANK OF CHINA3.97%267 910
BANK OF AMERICA6.53%244 343
WELLS FARGO & COMPANY-3.67%191 137
CHINA CONSTRUCTION BANK CORPORATION11.30%184 753