Straits Times Index
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DBS Group Holdings Ltd (D05.SI)
| Previous close | 25.20 |
| Open | 25.10 |
| Bid | 25.15 x 0 |
| Ask | 25.19 x 0 |
| Day's range | 24.87 - 25.20 |
| 52-week range | 16.65 - 26.47 |
| Volume | 5,535,600 |
| Avg. volume | 5,154,964 |
| Market cap | 63.961B |
| Beta (5Y monthly) | 1.12 |
| PE ratio (TTM) | 12.48 |
| EPS (TTM) | 2.02 |
| Earnings date | 10 Feb 2021 |
| Forward dividend & yield | 1.32 (5.24%) |
| Ex-dividend date | 12 Nov 2020 |
| 1y target est | 30.14 |
- Reuters SG
Deals of the day-Mergers and acquisitions
** Facebook Inc said it would buy customer service startup Kustomer, as the world's largest social network adds tools to attract more sellers to its platforms. ** Business information provider S&P Global Inc agreed to pay $44 billion in stock to acquire IHS Markit Ltd in the year's biggest acquisition that will create a new data powerhouse serving Wall Street and the corporate world. ** China's biggest private steel producer, Jiangsu Shagang Group, said it will invest 14.8 billion yuan ($2.25 billion) in buying up and modernising steel mills in central Henan province in a project to create a high-end manufacturing base.
- Reuters SG
Singapore's DBS says has completed takeover of Lakshmi Vilas Bank
Singapore's DBS Group said on Monday it had completed its takeover of distressed Lakshmi Vilas Bank, helping it shift from a largely digital presence in India to having hundreds of branches. The 94-year old Chennai-based private bank was folded into DBS's Indian subsidiary at the request of the Reserve Bank of India which cited a serious deterioration in its finances. DBS India did not immediately respond to a request seeking comment on the rebranding.
- Reuters
DBS faces potential culture clash as it scoops up distressed Lakshmi Vilas Bank
DBS Group's move to take over troubled Lakshmi Vilas Bank will give Southeast Asia's largest lender the boost in India it has long desired, but aligning the two banks' business cultures could prove tricky. LVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary under a plan proposed by India's central bank, which took control of the 94-year old Chennai-based lender on Tuesday, citing a "serious deterioration" in its finances. The plan will accelerate Singapore-based DBS's expansion ambitions in India and potentially transform it from a largely digital bank in the country to one with hundreds of branches.
