DBS Group Holdings Ltd (OTCPK:DBSDF)

$ 31.25 -2.15 (-6.44%) Market Cap: 84.17 Bil Enterprise Value: 129.19 Bil PE Ratio: 10.78 PB Ratio: 1.68 GF Score: 76/100

Q4 2022 DBS Group Holdings Ltd Analyst Briefing Transcript

Feb 13, 2023 / 03:30AM GMT

Release Date Price: $23.93 (-3.48%)

Transcript

Piyush Gupta

DBS Group Holdings Ltd - CEO & Executive Director

Hi, everyone, and welcome to our results briefing. You've seen the media broadcast. So we'll go straight into Q&A. Adana, can you open the floor for questions?

Questions & Answers

Operator

(Operator Instructions) We now have the first question from Aakash Rawat from UBS.

Aakash Rawat

UBS Investment Bank, Research Division - Director and Research Analyst

So the first one is just on the loan growth. So Piyush, I think you mentioned some of the reasons why you saw the decline in Q4. I'm just wondering like why wouldn't -- why shouldn't we extrapolate these headwinds into FY '23? And on the basis of that, would there be any downside risk to your FY '23 mid-single-digit loan growth guidance.

And on a related note, I think you also mentioned the strong tailwinds to the wealth management inflows and the new family offices that you've seen. It's a bit surprising that we haven't seen the impact of that on the loan growth so far. So how are you

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