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Top SGX Dividend Stocks To Consider In July 2024
Jefferies Upgrades DBS GROUP HLDGS LTD(DBSDF.US) to Buy Rating, Raises Target Price to $30.49
Jefferies analyst Sam Wong upgrades $DBS GROUP HLDGS LTD(DBSDF.US)$ to a buy rating, and adjusts the target price from $21.29 to $30.49.According to TipRanks data, the analyst has a success rate of 42
UBS Downgrades DBS GROUP HLDGS LTD(DBSDF.US) to Hold Rating, Raises Target Price to $29.02
UBS analyst Aakash Rawat downgrades $DBS GROUP HLDGS LTD(DBSDF.US)$ to a hold rating, and adjusts the target price from $26.75 to $29.02.According to TipRanks data, the analyst has a success rate of 1
Macquarie Maintains DBS GROUP HLDGS LTD(DBSDF.US) With Buy Rating, Raises Target Price to $30.42
Macquarie analyst Jayden Vantarakis maintains $DBS GROUP HLDGS LTD(DBSDF.US)$ with a buy rating, and adjusts the target price from $28.35 to $30.42.According to TipRanks data, the analyst has a
Singapore's DBS Boosts Digital-asset Push With First Stablecoin Tie-up
July 2024 SGX Dividend Stocks Analysis
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ZnWC : DBS is not the first time to sell stake to focus on core business. Last year Singtel to sell 3.3% stake in Bharti Airtel for S$2.25 billion also received some attention. Although the reason for trimming the stake was different, I'm tempted to make a comparison.
What make DBS selling AXS's share surprising is the bank is no longer the largest shareholder and the timing of the sale. I don't think DBS is going to deposit more fund in MAS after the sales. My speculation is DBS wants to focus on it's core business.
I don't think payment business will be affected by this sales. What's important is what Jeffrey Goh will do to bring positive impact to the company.
Kopikarp : The acquisition of AXS signifies a notable shift in the payments industry, particularly due to the fact that AXS seems to lack an economic moat and has been somewhat tardy in entering the cloud payment arena. Established players like Grab and the interbank system, PayNow, have already captured significant market share, making it challenging for AXS to secure a strong foothold. Additionally, DBS Bank's decision to sell a majority stake in AXS could be interpreted as an acknowledgment that the company may struggle to compete in this increasingly crowded market. Therefore, while the acquisition could potentially transform AXS into a regional cloud-based payment solutions provider, its overall impact on the payments industry may be limited.