DBS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/21	CIMB	DBS	25.04	28.35	Add
01/06/21	phillip	DBS	25.35	22.6	Neutral
01/06/21	Jefferies	DBS	25.35	23.5	Hold
01/12/21	UOB Kay Hian	DBS	26.92	31.48	Buy
01/25/21	OCBC	DBS	26.17	29.45	Hold	GGM, PB1.35x FY22
01/25/21	UOB Kay Hian	DBS	26.17	29.45	Hold
01/27/21	Kim Eng	DBS	25.7	29.78	Buy
02/02/21	Macquarie	DBS	25.24	25.8	Neutral
02/04/21	phillip	DBS	25.2	22.6	Neutral
02/10/21	Lim & Tan	DBS	25.93	0	Hold
02/10/21	CIMB	DBS	25.93	28.35	Add	GGM
02/11/21	UOB Kay Hian	DBS	26	29.3	Hold
02/11/21	DMG & Partners	DBS	26	30	Buy
02/11/21	Kim Eng	DBS	26	29.64	Buy	DDM
02/15/21	phillip	DBS	26.07	29.5	Accumulate	GGM, PB1.31x FY21
02/15/21	OCBC	DBS	26.07	29.5	Buy	PB1.47x & PER12.9x FY21
02/15/21	Jefferies	DBS	26.07	29	Buy
02/19/21	UOB Kay Hian	DBS	25.76	29.2	Hold	Buy @ $25.2
02/19/21	Citi Research	DBS	25.76	29.5	Buy
02/19/21	JP Morgan	DBS	25.76	33	Overweight
03/03/21	DMG & Partners	DBS	26.94	30	Buy
03/17/21	OCBC	DBS	27.9	29.5	Buy
03/17/21	UOB Kay Hian	DBS	27.9	30.3	Buy
03/31/21	DMG & Partners	DBS	29	33	Buy
04/01/21	CIMB	DBS	28.79	28.35	Add
04/05/21	phillip	DBS	29	29.5	Accumulate	GGM, PB1.31x FY21
04/05/21	UOB Kay Hian	DBS	29	32.95	Buy	GGM, PB1.48x FY22
04/05/21	Jefferies	DBS	29	33	Buy
04/21/21	Lim & Tan	DBS	29.02	0	Accumulate
04/21/21	Citi Research	DBS	29.02	32.2	Buy
04/21/21	DMG & Partners	DBS	29.02	33	Buy
04/22/21	Macquarie	DBS	28.4	30	Neutral	PB
04/30/21	Morgan Stanley	DBS	29.39	28.4	Overweight
04/30/21	Citi Research	DBS	29.39	33.5	Buy
04/30/21	JP Morgan	DBS	29.39	33	Overweight
05/03/21	phillip	DBS	29.91	31.4	Accumulate	GGM, PB1.36x FY21
05/03/21	UOB Kay Hian	DBS	29.91	35.45	Buy	GGM, PB1.56x FY22
05/03/21	DMG & Partners	DBS	29.91	34	Buy
05/03/21	Jefferies	DBS	29.91	33.5	Buy
05/12/21	Macquarie	DBS	29.44	31	Neutral
05/18/21	Kim Eng	DBS	29.2	33.71	Buy
06/04/21	UOB Kay Hian	DBS	29.82	35.45	Buy	GGM
06/07/21	phillip	DBS	29.71	31.4	Accumulate
06/29/21	CIMB	DBS	29.6	32.64	Add
07/05/21	Macquarie	DBS	30.08	30.5	Neutral
07/09/21	phillip	DBS	29.54	31.4	Accumulate
07/19/21	UOB Kay Hian	DBS	30.12	35.6	Buy
07/21/21	Macquarie	DBS	29.58	31.5	Neutral
07/29/21	CIMB	DBS	30.07	32.64	Add
08/05/21	CIMB	DBS	30.58	32.64	Add	GGM
08/06/21	Macquarie	DBS	30.8	31.25	Neutral
08/06/21	phillip	DBS	30.8	32	Accumulate	GGM, PB1.39x
08/06/21	OCBC	DBS	30.8	34	Buy
08/06/21	DMG & Partners	DBS	30.8	35.5	Buy
08/10/21	UOB Kay Hian	DBS	31	35.8	Buy	GGM, PB1.57x FY22
08/10/21	CIMB	DBS	31	32.7	Add
09/01/21	CIMB	DBS	29.87	32.7	Add
09/23/21	Macquarie	DBS	29.3	31.25	Neutral	PB
09/27/21	Kim Eng	DBS	29.35	35.11	Buy
10/20/21	Macquarie	DBS	31.22	34	outperform	PB
10/20/21	Kim Eng	DBS	31.22	35.11	Buy
10/22/21	UOB Kay Hian	DBS	31.22	35.8	Buy
11/05/21	Lim & Tan	DBS	32.21	0	Hold
11/08/21	Macquarie	DBS	32.29	36	outperform	PB
11/08/21	UOB Kay Hian	DBS	32.29	37	Buy	GGM, PB1.62x FY22
11/08/21	phillip	DBS	32.29	35.9	Accumulate	GGM, PB1.56x FY21
11/08/21	Kim Eng	DBS	32.29	37.03	Buy	PB
11/15/21	DMG & Partners	DBS	32.04	40.4	Buy	GGM, PB1.57x FY22
11/16/21	CIMB	DBS	32.19	34.9	Add	PB1.5x FY22
12/13/21	UOB Kay Hian	DBS	31.9	37	Buy
12/17/21	Macquarie	DBS	32.33	36	outperform
01/05/22	UOB Kay Hian	DBS	33.71	40.28	Buy	GGM, PB1.67x FY23
01/07/22	phillip	DBS	33.82	35.9	Accumulate
01/10/22	Macquarie	DBS	34.37	36.7	outperform	PB
01/12/22	Kim Eng	DBS	35.42	37.07	Buy
01/28/22	OCBC	DBS	35.26	40	Buy
01/31/22	Lim & Tan	DBS	34.82	38.41	Accumulate
02/07/22	UOB Kay Hian	DBS	35.95	40.28	Buy
02/08/22	DMG & Partners	DBS	36.48	40.4	Buy
02/08/22	Lim & Tan	DBS	36.48	38.41	Accumulate
02/09/22	phillip	DBS	36.58	35.9	Accumulate
02/14/22	CIMB	DBS	37.25	39.2	Add	GGM
02/15/22	UOB Kay Hian	DBS	37.2	40	Buy	GGM, PB1.67x FY23
02/15/22	Kim Eng	DBS	37.2	41.82	Buy
02/15/22	DMG & Partners	DBS	37.2	42.7	Buy
02/16/22	Jefferies	DBS	36.53	39	Buy
02/16/22	CIMB	DBS	36.53	39.9	Add
02/18/22	phillip	DBS	36.53	41.6	Accumulate	GGM, PB1.79x FY22
03/01/22	CIMB	DBS	33.82	39.9	Add
03/09/22	phillip	DBS	31.23	41.6	Accumulate