- DBS Group has fared better than expected through this downturn, with bad debt levels comfortably below past downturns.
- Loan growth was soft in the fourth quarter, hurt by a double-digit decline in trade loans, but activity is starting to pick up and management expects mid-single-digit growth in '21.
- Acquiring India's LVB will significantly expand DBS Group's retail banking presence in India and in states with above-average GDP per capita.
- DBS Group looks undervalued, with mid-single-digit long-term core growth supporting a double-digit total annualized return at today's price.
For further details see:
DBS Group Has Quieted Credit Concerns And Can Pivot To Growth Again