DBS (D05.SG) off 0.9% at $13.62, bucking gains by other 2 Singapore banks. Stock continues to underperform rivals, down 1.9% since beginning June vs OCBC (O39.SG) +5.6%, UOB (U11.SG) +7.2% over same period, says Dow Jones.
Performance partly due to lingering concerns over margin pressure as DBS, largest lender in Singapore’s interbank market, has most to lose as long as interest rates remain low.
