Singapore's DBS Group, the largest bank in Southeast Asia, has downgraded the rating of shares of Sun Hung Kai Properties Ltd<0016> to "hold" from "buy," keeping the target price of HK$120.2 per share, sources reported. DBS citied that SHKP's stock has risen by 14% in the past month, 6% more than...
Singapore's DBS Group, the largest bank in Southeast Asia, has again assigned a rating of "buy" for shares of Henderson Land Development Co Ltd<0012> and has raised the target price to HK$57.70 per share from the previous HK$51.50 per share, sources reported.Henderson Land, the third-largest Hong...
* Piyush Gupta to take up role in November * Appointment comes nearly 5 months after former DBS CEO died * Shares rise as much as 2.7 pct; outperform flat market * JPMorgan sees appointment...
* Stanley took medical leave in January * Chairman Koh Boon Hwee has been in charge in his absence (adds details, background) SINGAPORE, April 11 - Richard Stanley, the chief executive of Singapore's DBS Group...
SINGAPORE, April 11 - Richard Stanley, the chief executive of Singapore's DBS Group <DBSM.SI> died from leukaemia on Saturday morning, the bank said, after his medical condition deteriorated on Friday. "After a brave fight Rich,...
Singapore-based DBS Bank announced that its wholly-owned subsidiary, DBS Private Equity Enterprise, has set up a US$100 million onshore RMB-backed fund to invest in unlisted firms in China, the Shanghai Daily reported.The fund will offer capital to mid-to-late stage Chinese enterprises in growth industries and...
Feb. 25, 2009 (China Knowledge) - Singapore-based bank DBS officially opened its new outlet in Nanning, Guangxi Zhuang Autonomous Region on Tuesday, despite the deepening global financial crisis.
Jan. 5, 2009 (China Knowledge) - Standard Chartered PLC<2888><STAN> and Singapore-based investment holding company DBS Group Holdings Ltd separately showed their interests in buying AIG Wealth Management Services (Taiwan) Ltd, American Int...
Nov. 10, 2008 (China Knowledge) - Singapore's DBS Group is planning to slash 450 jobs in its Hong Kong unit by the end of this month, in a bid to reduce costs amid the global...
* Reluctant to overpay after pricy 2001 HK bank buy * Eyes Indonesia, where banks command hefty premiums * Fund manager cautions DBS against buying at any price SINGAPORE, Nov 6 - Eight years after...