DBS

DBS Group Holdings – Lots of Lipstick

Equity Bottom-Up
293 Views, 11 Jan 2022 04:06
EXECUTIVE SUMMARY
  • Move Along, No Problems Here: DBS Group Holdings (DBS.SG) [DBS] participated in a competitor conference on January 10, 2022, suggesting that not an ounce of risk is on balance sheet; 
  • Digital Franchise: Management also focused on digital initiatives, including: DBS Digital Exchange; Digital Custody; and the Partior platform; and
  • Deal Risk Remains High: There was no discussion by management of its headlong buying spree of some fairly spicy transactions. And they are not done.
detail (3-minute read)
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Thomas J. Monaco
Silver Point
FinancialsEquity Bottom-UpThematic (Sector/Industry)
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