In today’s briefing:
- DBS – 0% Growth Guidance for FY24 | Quarterly Credit Costs Surging | As Good as It Gets
- Lippo Malls Indonesia – ESG Report – Lucror Analytics
- 5 in 5 with Procurri – Advancing Sustainability in IT
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DBS – 0% Growth Guidance for FY24 | Quarterly Credit Costs Surging | As Good as It Gets
- DBS is now guiding for no profit growth during FY24. This may end up missing with negative growth more statistically likely, in a worsening world.
- Credit metrics are not particularly positive in today’s release with SGD215m of credit costs compared with SGD72m in the preceding quarter.
- If rate rises are done or nearly done, than the main positive delta of DBS earnings are also done or nearly done. Management guidance suggests as much too.
Lippo Malls Indonesia – ESG Report – Lucror Analytics
Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Lippo Malls Indonesia Retail Trust’s ESG as “Adequate”, in line with its Environmental and Social scores. We deem Governance as “Weak”, despite the “Adequate” score in quantitative terms. Controversies are “Immaterial” and Disclosure is “Adequate”.
5 in 5 with Procurri – Advancing Sustainability in IT
5 in 5 with Procurri – Advancing Sustainability in IT