Singapore's DBS Group (OTCPK:DBSDY) (DBSM.SI) is a different sort of bank for those readers more accustomed to the likes of Citigroup (NYSE:C) or Wells Fargo (NYSE:WFC). Residential lending is a smaller part of DBS Group's business and the company instead makes a significant amount of profits by extending trade and supply chain financing to companies operating in/from China, Hong Kong, and Taiwan. Management has made a lot of improvements to the operating model since 2009 and while the company's growing Chinese footprint presents some risks, there's a respectable amount of upside in the shares of one of Asia's best banks.
From ASEAN To China
DBS Group is the largest ASEAN bank, having grown considerably...
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