DBS Bank Limited

DBS and Japan Financial Corporation sign MOU to support regionalisation of Japanese SMEs - THE EDGE SINGAPORE

Banking & finance

DBS and Japan Finance Corporation sign MOU to support regionalisation of Japanese SMEs

In its release dated Nov 27, DBS revealed that this partnership would enable DBS to provide financing support for SMEs expanding into key Asian markets.

Insider moves

DBS buys 675,000 units in CLINT for $0.7 mil

Following the transaction, DBS’ stake in CLINT came up at 0.443%.

Broker's Calls

RHB upgrades Singapore banks to ‘overweight’ as it sees upside from capital management initiatives

UOB and DBS are RHB’s top picks with “buy” calls. RHB has remained “neutral” on OCBC.
Citi remains ‘neutral’ on DBS after Gautam Adani charged with bribery and fraud in the US - THE EDGE SINGAPORE

Broker's Calls

Citi remains ‘neutral’ on DBS after Gautam Adani charged with bribery and fraud in the US

As per DBS’s 4QFY2022 ended Dec 31, DBS has a $1.3 billion exposure to Adani Group.

India

Expanding Indian diaspora spearheading growth of family offices worldwide: DBS report

The 6th edition of Global Indian Family Offices: Evolution of the Indian Diaspora report was released on Nov 5.

Broker's Calls

DBS has identified CDG, Sats, DFI and AEM as top stock picks amid the US elections

On the other hand, DBS notes that earnings for Genting and FHT could “surprise on the downside”.

Singapore news

DBS’s Tan Su Shan named on Forbes Asia’s 2024 Power Businesswomen list

Forbes unveiled its Asia’s Power Businesswomen list on Nov 5, honouring 20 outstanding female leaders.

Insider moves

DBS buys 900,00 units in CLAR for $2.5 mil

Following the transaction, DBS’ stake in CLAR came up to 0.984%.
DBS expected to have the most favourable y-o-y profit momentum among Singapore banks: Macquarie 3Q2024 report - THE EDGE SINGAPORE

Broker's Calls

DBS expected to have the most favourable y-o-y profit momentum among Singapore banks: Macquarie 3Q2024 report

According to Macquarie analyst Jayden Vantarakis, DBS is the only bank poised to declare a dividend this quarter.
DBS announces DBS token services, introduces block-chain powered banking for institutions - THE EDGE SINGAPORE

Blockchain

DBS announces DBS token services, introduces blockchain powered banking for institutions

DBS’s token services integrate blockchain-enabled capabilities with DBS’s core transaction banking services.
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