RHB maintains 'buy' on DBS, says dividend payout not impacted by MAS supervisory action
DBS shares rise 0.3% but lag behind UOB's 2.3% and OCBC's 1.3% gain
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RHB on Tuesday (Feb 8) maintained a "buy" call on DBS with a target price of S$40.40, after the bank was directed by the Monetary Authority of Singapore (MAS) to set aside an additional S$930 million in regulatory capital following the prolonged disruption of its digital banking services last November.
MAS had announced on Monday that it has imposed an additional capital requirement on DBS by requiring the bank to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk.
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