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SCBFY - DBS Group Dragging As Rates And Slow Loan Growth Weigh On Near-Term Growth
Standard Chartered Plc ADR
When I last wrote about DBS Group (DBSDY), I noted that “a credit loosening cycle in the U.S. and increased trade tensions could create some near-term challenges,” and those challenges have in fact materialized for this leading Singaporean bank. Still, the company has handled these challenges well and the growth outlook hasn’t been compromised all that much, particularly as credit and net interest margins have held up better than expected.
DBS Group shares have eked out a slight gain since that last piece due to the dividend (the share price is down modestly),