Brokers' take

DBS Group Holdings | Buy (upgraded) June 19 close: S$25.43 Fair value: S$29.18 OCBC Investment Research, June 19

From recent high (S$28.64) to recent low (S$24.01), DBS's share price has come off by some 16.2 per cent over a period of five weeks.

While the trade tensions between the US and China was cited as one of the main reasons, the other reason was the recent decline in interest rates.