Will the coming financial result set DBS Group share price on fire? While OCBC share price is on a roll following three consecutive of net profit growth, things had not been so rosy at DBS Group. In third quarter, the bank announced a stunning 22% decline in net profit for 4QFY2020 on a quarter-to-quarter basis. Against this backdrop, DBS Group share price could be at an intriguing cross-road.
Unlike OCBC and UOB, DBS Bank should be viewed as a pure-play growth stock. This is because its key businesses are entrenched mainly in banking and wealth management sectors. On the other hand, OCBC and UOB are known to have substantial stakes in non-financial sectors like property development (UOL), stock brokerage (UOB Kay Hian), insurance (Great Eastern), etc. In view of this, DBS Group share price movements are highly sensitive to macro-economic conditions and also its top-line growth....