DBS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/21/22	UOB Kay Hian	DBS	30.85	39.5	Buy	GGM, PB1.72x FY23
07/21/22	CIMB	DBS	30.85	40.2	Add
07/26/22	DMG & Partners	DBS	31.26	38.1	Buy
08/04/22	Lim & Tan	DBS	32.33	38.5	Accumulate
08/05/22	UOB Kay Hian	DBS	32.41	43.6	Buy	GGM, PB1.86x FY23
08/05/22	phillip	DBS	32.41	41.6	Buy	GGM
08/05/22	DMG & Partners	DBS	32.41	37.6	Buy	GGM, PB1.57x FY23
09/07/22	phillip	DBS	32.54	41.6	Buy
09/22/22	DMG & Partners	DBS	33.53	37.6	Buy
09/30/22	CIMB	DBS	32.93	40.2	Add
10/04/22	phillip	DBS	33.15	41.6	Buy
10/06/22	DMG & Partners	DBS	33.42	37.6	Buy
10/12/22	CLSA	DBS	33.31	43.4	Buy
10/14/22	Kim Eng	DBS	32.63	42.18	Buy
10/18/22	CIMB	DBS	32.42	40.2	Add
10/25/22	UOB Kay Hian	DBS	32.39	45.75	Buy	GGM, PB1.94x FY23
10/25/22	Lim & Tan	DBS	32.39	39.5	Accumulate
11/03/22	CIMB	DBS	33.66	40.2	Add	GGM
11/03/22	Lim & Tan	DBS	33.66	40	Accumulate
11/04/22	UOB Kay Hian	DBS	34.2	45	Buy	GGM, PB1.91x FY23
11/04/22	phillip	DBS	34.2	41.6	Buy	GGM, PB1.77x FY22
11/04/22	DMG & Partners	DBS	34.2	41.1	Buy	GGM, PB1.67x FY23
11/07/22	Kim Eng	DBS	34.47	42.69	Buy
11/24/22	JPM	DBS	35.36	37	Neutral
11/24/22	CIMB	DBS	35.36	38.75	Add
12/06/22	CIMB	DBS	34.5	36.5	Hold
12/09/22	DMG & Partners	DBS	33.35	41.1	Buy
01/03/23	CIMB	DBS	33.92	36.5	Hold
01/04/23	UOB Kay Hian	DBS	33.88	45	Buy
01/05/23	phillip	DBS	34.02	41.6	Buy
01/05/23	DMG & Partners	DBS	34.02	41.1	Buy	GGM, PB1.67x
01/06/23	UOB Kay Hian	DBS	34.78	46.95	Buy	GGM, PB1.98x FY23
01/26/23	UOB Kay Hian	DBS	35.51	45.35	Buy	GGM, PB1.95x FY23
01/31/23	Kim Eng	DBS	35.68	42.69	Buy
02/06/23	phillip	DBS	35.5	41.6	Buy	GGM, PB1.88x FY23
02/13/23	Lim & Tan	DBS	36.03	40.2	Buy
02/14/23	UOB Kay Hian	DBS	35.32	45.8	Buy	GGM, PB2.03x FY23
02/14/23	DMG & Partners	DBS	35.32	42	Buy	GGM, PB1.76x
02/14/23	CIMB	DBS	35.32	35.7	Hold
02/14/23	OCBC	DBS	35.32	39	Buy
02/28/23	JPM	DBS	34.34	37	Neutral
03/08/23	DMG & Partners	DBS	33.84	42	Buy
03/10/23	Lim & Tan	DBS	33.49	39.6	Overweight
03/13/23	Kim Eng	DBS	33.18	39.12	Buy
03/13/23	Lim & Tan	DBS	33.18	0	Accumulate
03/15/23	UOB Kay Hian	DBS	32.33	42	Buy	GGM, PB1.86x FY23
03/16/23	CLSA	DBS	32.97	43.8	Buy	Up from $43.40
03/20/23	phillip	DBS	32.55	41.6	Buy
04/03/23	DMG & Partners	DBS	33	39.8	Buy
04/17/23	UOB Kay Hian	DBS	32.57	41.8	Buy	GGM, PB1.85x FY23
04/21/23	CIMB	DBS	32.67	35.7	Hold
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