Brokers' take

DBS Group Holdings > Hold UOB Kay Hian, Aug 3 Aug 3 close: S$26.13 Target price: S$28.20

SECOND-quarter results were marginally below expectations, owing to softer non-interest income.

Management has toned down guidance for loan growth in 2018 from 8 per cent to 6 per cent to 7 per cent, as heightened uncertainty from the escalation in US-China trade tension would affect trade loans.