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Singapore bank shares slide on brokers' downgrades

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Ng Ren Jye

Published Mon, May 13, 2019 · 09:50 PM
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    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 worsening US-China trade war.

    DBS

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