DBS Group Emerges as Southeast Asia's Most Valuable Company
- DBS shares advances to a record; Singtel shares decline
- Southeast Asia’s largest bank leverages ‘tech transformation’
DBS Group headquarters in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Reaping the rewards of going big on tech, DBS Group Holdings Ltd. has pushed past Singapore Telecommunications Ltd. to become Southeast Asia’s biggest company by market capitalization.
Adopting a “digital to the core” strategy, Singapore’s largest bank has signaled that it will focus on customers who have generated a consistently higher return on equity.