- After updating our sector ESG scoresheet (please refer to our thematic report titled Banks: In Pursuit Of Net Zero), we upgraded DBS’s ESG score to 3.2 from 3.1. Our DBS's target price also rises accordingly, as we now ascribe an ESG premium of 2% (vs 0% previously) to its intrinsic value of S$36.10.
DBS's ESG – The positives.
- - Read this at SGinvestors.io -
- DBS accelerated its climate agenda when it published its “Our Path to Net Zero” and announced interim 2030 and 2050 net-zero targets. It had earlier set a target to commit S$50bn of sustainable financing loans by 2024 but, as at end-2023, S$70bn had already been committed.
- - Read this at SGinvestors.io -
Areas for improvement?
- Read more at SGinvestors.io.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2024-03-22
Read also RHB's most recent report:
2024-11-08 DBS - Expanding Options For Capital Returns; BUY.
Previous report by RHB:
2024-07-18 DBS - Still All About Dividends & Capital Returns; Stay BUY.
Price targets by 4 other brokers at DBS Target Prices.
Listing of research reports at DBS Analyst Reports.
Relevant links:
DBS Share Price History,
DBS Announcements,
DBS Dividends & Corporate Actions,
DBS News Articles
