DBS Group Research has initiated coverage on Digital Core Reit (DC Reit) with a "buy" call and a target price of US$1.40, as it sees the pure-play data centre real estate investment trust (Reit) benefiting from the rise of the digital economy and emerging trends.

DBS Group Research has initiated coverage on Digital Core Reit (DC Reit) with a "buy" call and a target price of US$1.40, as it sees the pure-play data centre real estate investment trust (Reit) benefiting from the rise of the digital economy and emerging trends.

United Overseas Bank announced it has entered into agreements to acquire Citigroup’s consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam. The acquisition which is being acq...

On Tues, June 11, the Straits Times Index broke above the three-times tested 3,240 level indicating an upside of 4,000 which. If attained, would be a new high and above the old high of 3,831. The upside represents potential and it’s a bit difficult to conceive what could drive the STI to these hei...

DBS Group Research analyst Lim Rui Wen has maintained her “hold” call for Singapore Exchange (SGX) as there are no immediate catalysts for the stock, on top of mixed performances of 1HFY22 equities and derivatives volumes. This is despite the good contributions SGX saw from all business segments...

DBS Group Research has initiated coverage on Digital Core Reit (DC Reit) with a "buy" call and a target price of US$1.40, as it sees the pure-play data centre real estate investment trust (Reit) benefiting from the rise of the digital economy and emerging trends.

DBS Group Research has initiated “buy” on Digital Core REIT with a target price of US$1.40 ($1.88). The target price is based on a discounted cash flow (DCF) model with a weighted average cost of capital (WACC) of 5.3% (and a risk-free rate of 2.0%). “This implies a normalised target yield of ...

DBS Group Holdings hit a new all-time high of $35.42 on Jan 11. Year to date, the local banking behemoth is up 8%. Oversea-Chinese Banking Corp (OCBC) has rallied 6.2% since the start of the year but at $12.11, it is not at an all-time high. Back in 2018, OCBC had traded above $13.73. United Oversea...

The local banks — DBS Group Holdings (DBS), United Overseas Bank (UOB) and to a lesser extent Oversea-Chinese Banking Corporation (OCBC) — have been on a tear and have helped to carry the Straits Times Index towards the highest level since the onset of Covid-19 in January 2020. A little more tha...

Singapore’s public listed market is entering a new era. On Jan 13, the Singapore Exchange (SGX) saw the launch of its first special purpose acquisition company (spac) listing by Vertex Technology Acquisition Corp (VTAC). Given how two other spacs are being launched around the same time, VTAC says ...