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BANK STOCKS

Singapore bank shares slide on brokers' downgrades

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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.

Singapore

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...

sentifi.com

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