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Brokers' take

DBS Group Holdings, Singapore's biggest lender, said on Monday it would slowly wind down its Islamic banking unit as it failed to achieve economies of scale.

DBS Group Holdings | Buy

Sept 8 close: S$17.70

Target price: S$23.60

HSBC Research, Sept 8

DBS has fallen 18 per cent from its S$21.43 peak on July 21. The selldown was more pronounced after its Q2 FY15