DBS Bank (SGX: D05)

DBS recently reported a quarterly profit slightly below estimates on Monday (Nov 5), expressing worries due to trade war and property cooling measure that might lead to hold back on its loan book growth next year.

With the intensifying tariff dispute between China and the United States impacting Singapore’s export-reliant economy and implementation of the new measure, the outlook for the bank is clouded after reporting their profit last year.

DBS reported net profit came in at S$1.41 billion in the three months ended September as compared to S$822 million a year earlier ...