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Brokers' take
Published Tue, Feb 23, 2016 · 09:50 PM
DBS | Sell
Target price: S$12.68
Feb 23 close: S$13.69
Maybank Kim Eng Research, Feb 23
NPL stabilised at 0.9 per cent during 2015 and management guidance calls for it to be restrained below 1.3 per cent in 2016. Notably, HSBC just posted its first quarterly loss in five years, and 2 per cent of its O&G portfolio is impaired. In reality, capital markets will remain concerned about asset quality and the adequacy o…
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