DBS Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
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	31.9	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
10/14/24	Kim Eng	DBS	38.74	44.06	Buy	DDM
10/15/24	DMG & Partners	DBS	39.13	41.4	Buy	GGM, PB1.5x FY25
10/15/24	Citi Research	DBS	39.13	35	Sell
10/17/24	UOB Kay Hian	DBS	39	42.7	Buy	GGM, PB1.8x FY25
10/24/24	HSBC	DBS	39.18	40	Hold	Up from $38
11/07/24	Lim & Tan	DBS	39.15	40.7	Hold
11/08/24	UOB Kay Hian	DBS	41.7	46.95	Buy	GGM, PB1.95x FY25
11/08/24	phillip	DBS	41.7	41.6	Neutral	GGM, PB1.98x FY24
11/08/24	DMG & Partners	DBS	41.7	44.7	Buy	GGM, PB1.81x FY25
11/08/24	OCBC	DBS	41.7	43.6	Hold
11/08/24	Kim Eng	DBS	41.7	46.91	Buy
11/08/24	CIMB	DBS	41.7	37.3	Hold
11/21/24	Citi Research	DBS	42.21	40.1	Neutral
12/16/24	OCBC	DBS	43.74	45.2	Hold
01/06/25	UOB Kay Hian	DBS	43.62	46.5	Buy	GGM, PER1.97x FY25
01/13/25	MorningStar	DBS	44.13	46	Buy	Up from $44
01/14/25	CIMB	DBS	44.07	43	Hold
01/15/25	Lim & Tan	DBS	43.9	45.8	Hold
01/28/25	Jefferies	DBS	43.6	49	Buy
02/10/25	Lim & Tan	DBS	44.68	46	Accumulate
02/10/25	OCBC	DBS	44.68	50	Buy
02/11/25	UOB Kay Hian	DBS	45.38	49.8	Buy	GGM, PB2.07x FY25
02/11/25	DMG & Partners	DBS	45.38	51.2	Buy	GGM, PB2.06x FY25
02/11/25	Kim Eng	DBS	45.38	51.37	Buy
02/12/25	phillip	DBS	44.85	46.9	Accumulate	GGM, PB1.88x FY25
02/19/25	Lim & Tan	DBS	45.8	48.25	Accumulate