Brokers' take
DBS Group Holdings | Buy Target price: S$23.30 May 3 close: S$20.83 UOB Kay Hian Research, May 3
DBS achieved record core earnings of S$1,210 million with strong growth in fee income of 15.9 per cent year on year and reduction in operating expenses of 0.6 per cent year on year. Non-performing loans formation and specific provisions have peaked and uncertainties from exposure to the oil & gas sector have diminished. DBS has a track record of consistency in execution and delivering good results. Maintain "buy". Target price: S$23.30.
CapitaLand Commercial Trust | Hold Target price: S$1.53 under review May 3 close: S$1.63 OCBC Investment Research, May 3
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