Brokers' take
DBS Group Holdings > Buy UOB Kay Hian, Oct 20 Oct 20 close: S$21.84 Target price: S$24.48
We expect DBS Group Holdings' loan growth to have accelerated to 2.5 per cent quarter on quarter in Q3 17. Consolidation of ANZ's wealth management and retail banking businesses in Singapore and Hong Kong would boost loan growth to 7.1 per cent year on year (yoy) and fee income growth to 6.7 per cent yoy in Q3 17. We expect the consolidation of ANZ's wealth management and retail banking businesses to pressure net interest margin due to the a…
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