DBS Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/03/23	UOB Kay Hian	DBS	32.95	41	Buy	GGM, PB1.88x FY23
05/03/23	DMG & Partners	DBS	32.95	35.7	Neutral	GGM, PB1.52x
05/03/23	CIMB	DBS	32.95	35.3	Hold
05/05/23	phillip	DBS	32.13	41.6	Buy	GGM, PB1.9x FY23
05/08/23	OCBC	DBS	31.9	39	Buy
05/18/23	CLSA	DBS	30.57	43.14	Buy
05/23/23	Lim & Tan	DBS	30.91	37.5	Accumulate
06/12/23	Citi Research	DBS	30.91	26.6	Sell	GGM, PB1.12x FY23
06/23/23	DMG & Partners	DBS	31.04	33	Neutral	GGM, PB1.4x FY23
07/03/23	phillip	DBS	31.51	41.6	Buy
07/10/23	DMG & Partners	DBS	30.67	33	Neutral
07/13/23	UOB Kay Hian	DBS	31.01	41.5	Buy
07/19/23	Kim Eng	DBS	32.53	38.51	Buy
07/20/23	Citi Research	DBS	32.55	27.1	Sell
07/21/23	CIMB	DBS	32.74	35.5	Hold
08/03/23	Lim & Tan	DBS	33.84	37.22	Accumulate
08/04/23	UOB Kay Hian	DBS	33.76	44.35	Buy	GGM, PB1.81x FY23
08/04/23	phillip	DBS	33.76	41.6	Buy	GGM, PB1.9x FY23
08/04/23	DMG & Partners	DBS	33.76	36.3	Neutral	GGM, PB1.47x
08/10/23	CLSA	DBS	34.3	43.14	Overweight
08/10/23	Citi Research	DBS	34.3	28.7	Sell
09/04/23	Lim & Tan	DBS	33.3	37.52	Buy
09/08/23	phillip	DBS	33.41	41.6	Buy
10/02/23	CIMB	DBS	33.64	35.3	Add
10/06/23	UOB Kay Hian	DBS	33.27	44.35	Buy
10/13/23	Kim Eng	DBS	33.9	39.26	Buy
10/16/23	Citi Research	DBS	33.77	28.7	Sell	GGM, PB1.2x FY24
10/18/23	UOB Kay Hian	DBS	33.45	43.95	Buy	GGM, PB1.79x FY24
11/02/23	Lim & Tan	DBS	33.03	0	Accumulate
11/03/23	DMG & Partners	DBS	32.66	34.7	Neutral
11/03/23	Citi Research	DBS	32.66	29	Sell
11/06/23	Lim & Tan	DBS	33.29	37.68	Accumulate
11/07/23	Kim Eng	DBS	33.75	37.81	Buy	DDM
11/07/23	phillip	DBS	33.75	41.6	Buy	GGM, PB1.9x FY23
11/09/23	UOB Kay Hian	DBS	33.33	44.28	Buy	GGM, PB1.8x FY24
01/02/24	UOB Kay Hian	DBS	33.41	41.65	Buy
01/08/24	phillip	DBS	33.17	41.6	Buy
01/22/24	UOB Kay Hian	DBS	32.05	40.25	Buy	GGM, PB1.56x FY25
01/24/24	CIMB	DBS	31.81	35.3	Hold
01/31/24	Kim Eng	DBS	31.82	37.81	Buy	DDM
02/01/24	Lim & Tan	DBS	31.88	36.34	Accumulate
02/07/24	CIMB	DBS	31.65	35.3	Hold	GGM
02/07/24	Lim & Tan	DBS	31.65	36.3	Accumulate
02/07/24	Citi Research	DBS	31.65	35.4	Buy
02/08/24	DMG & Partners	DBS	32.45	36.1	Buy	GGM, PB1.43x
02/08/24	UOB Kay Hian	DBS	32.45	39.2	Buy	GGM, PB1.87x FY25
02/09/24	phillip	DBS	32.46	38.9	Buy	GGM, PB2.14x FY24
02/09/24	Lim & Tan	DBS	32.46	36.64	Accumulate
02/09/24	Citi Research	DBS	32.46	36.3	Buy	GGM, PB1.4x FY24
03/06/24	Lim & Tan	DBS	33.4	36.44	Accumulate
03/06/24	Citi Research	DBS	33.4	36.8	Buy
03/11/24	phillip	DBS	33.75	38.9	Buy	GGM, PB2.14x FY24
03/11/24	DMG & Partners	DBS	33.75	36.1	Buy	GGM, PB1.43x
03/20/24	OCBC	DBS	34.98	39	Buy
03/20/24	DMG & Partners	DBS	34.98	36.7	Buy
03/26/24	DMG & Partners	DBS	35.5	38.3	Buy	GGM, PB1.52x
03/26/24	Citi Research	DBS	35.5	40.4	Buy
04/01/24	phillip	DBS	36.03	38.9	Buy	GGM, PB2.14x FY24
04/09/24	UOB Kay Hian	DBS	35.55	43.25	Buy	GGM, PB1.68x FY25
04/15/24	DMG & Partners	DBS	36.12	38.3	Buy
04/22/24	OCBC	DBS	36.44	35.45	Hold
04/22/24	Citi Research	DBS	36.44	37.5	Buy
05/02/24	Lim & Tan	DBS	34.9	0	Accumulate
05/03/24	UOB Kay Hian	DBS	34.9	40.7	Buy	GGM, PB1.74x FY25
05/03/24	phillip	DBS	34.9	38.5	Accumulate	GGM, PB1.83x FY24
05/03/24	DMG & Partners	DBS	34.9	38.9	Buy	GGM, PB1.69x
06/27/24	UOB Kay Hian	DBS	35.69	41.4	Buy
06/27/24	DMG & Partners	DBS	35.69	38.9	Buy	GGM, PB1.44x FY25
07/04/24	UOB Kay Hian	DBS	37.96	41.4	Buy
07/04/24	Lim & Tan	DBS	37.96	39	Hold
07/15/24	phillip	DBS	37.93	38.5	Accumulate
07/18/24	DMG & Partners	DBS	36.52	41.2	Buy	GGM, PB1.69x
08/05/24	Citi Research	DBS	35.31	0	Sell
08/08/24	phillip	DBS	33.65	38.5	Buy	GGM, PB1.83x FY24
08/08/24	DBS Vickers	DBS	33.65	41.5	Buy
08/08/24	Lim & Tan	DBS	33.65	0	Hold
08/23/24	DMG & Partners	DBS	35.55	41.4	Buy	GGM, PB1.43x FY24
09/20/24	phillip	DBS	38.5	38.5	Accumulate
09/23/24	DMG & Partners	DBS	39	41.4	Buy	GGM, PB1.5x FY25
09/23/24	Lim & Tan	DBS	39	39.7	Hold