DBS Group Holdings Ltd

D05: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SGD 23.00	Hynsjn	Jfcfhcpnd

DBS' Lending Margins to Ease in Line With Industry, but There Is Room to Reward Shareholders

Lorraine Tan

May 2, 2024

Business Strategy and Outlook

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

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