DBS Group's Digital Strategy Makes Dollars And Sense

What a difference less than a year makes. DBS Group’s (OTCPK:DBSDY) ADRs are up almost 50% over the last year, as investors calmed down after the energy/commodity panic of 2016 and took courage from improving loan growth, interest rate, and credit quality trends across the Asian bank sector in 2017. Even after a big run, though, the shares may have more to give. DBS Group shares look undervalued on the basis of near-term ROE prospects and if digitalization initiatives pay off in the form of increased customer acquisition/activity and lower operating costs, the long-term growth potential could be meaningfully better than what it appeared to be just a year or two ago.

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DBS Group's Digital Strategy Makes Dollars And Sense