Business Strategy and Outlook| Michael Wu, CAIA |
DBS Group is Singapore's largest bank, with operations spanning Hong Kong, Greater China, and Southeast Asia. The bank expanded its reach through acquisitions over the past decade, but organic growth is the key earnings driver in future. We expect the bank to build on its existing infrastructure and increase products through its distribution channels. Small to midsize enterprises, transactional banking, and wealth management are key areas of focus. All are leveraged to an increase in trade in the Asian region and a rising middle class and income levels as regional economies thrive. The bank has also launched digital banks in India and Indonesia.