DBS

DBS: BNP lifts forecasts, reiterates as Top Regional Bank. BNP lifts EPS forecasts 6%-9% for 2013-14 on Singapore Non-Oil Domestic Exports growth, DBS 3Q operating performance, disposal of remaining 9.9% stake in BPI. Sees core ROE rising to 11.4% by 2015 from 10.2% in 2013 Raises TP 4.6% to $22.19 (upside 33%)