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Singapore bank shares slide on brokers' downgrades

The pecking order of sensitivity and vulnerability from lowest to highest is UOB, OCBC, DBS, which is also the research unit's stock pecking order until the uncertainties resolve and a clearer direction emerges.


DBS shares closed down 2.07 per cent, or S$0.55 at S$26.00 following Citi Investment Research's downgrade of its shares to "neutral" from "buy" on Monday.

Citi lowered DBS' target price to S$27 from S$31.10 due to the lender's exposure to China, which is being hit by the...

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