SINGAPORE: As the stock market continues its roller-coaster ride, investors seek stability in blue-chip companies for their reliability and consistent performance.
He foresees a modest increase in net interest income compared to 2023, with total income expected to exceed previous forecasts by one to two percentage points, indicating mid-single-digit year-on-year growth.Also, DBS anticipates significant growth in non-interest income, ranging from mid-to high teens percentages, driven by better-than-expected traction in wealth management and treasury customer sales.
MLT’s leverage is at 38.9%, allowing room for more debt for acquisitions. In FY2024, it acquired over S$1.1 billion worth of properties and divested nine properties to unlock value. Despite the weaker results, the group has 5.2 million square metres of assets under development, including the West Bund project and nine luxury retail assets in China, set for completion between 2024 and 2028.
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