DBS Group Holdings

REITs

Link REIT appoints Eng-Kwok Seat Moey as independent non-executive director

Eng-Kwok Seat Moey is dubbed 'Mother of the S-REITs'

Broker's Calls

Delfi to see continued margin pressure, analysts keep ‘hold’ and ‘add’ calls

DBS has maintained its target price on Delfi at 80 cents, while trimming FY2024 and FY2025 earnings estimates by 11% and 16% respectively on lower margin assumptions.
DBS blazes past $100 bil market cap, dominates banking and super big cap categories - THE EDGE SINGAPORE

Billion Dollar Club 2024

DBS blazes past $100 bil market cap, dominates banking and super big cap categories

DBS Group Holdings is the only Singapore-listed company to report a net profit of $10 billion and the first to reach a market capitalisation of $100 billion

Insider moves

Outgoing DBS CEO sells $12.6 million worth of shares

Following the recent sale, Piyush Gupta is left with just under 2 million DBS shares

Banking & finance

DBS eyeing retail expansion into Malaysia via acquisitions: Reuters

DBS had tried to buy a stake in Alliance Bank back in 2012 from controlling shareholder Temasek Holdings

Banking & finance

DBS said to tap Goldman Sachs to help find insurance partner in India, Taiwan

DBS has a bancassurance partnership with Manulife Financial for markets including China, Hong Kong, Indonesia and Singapore.

Markets

Singapore stock benchmark heads for 2018 high on earnings hopes

The Straits Times Index climbed as much as 0.6% on Wednesday.

Wealth

DBS aiming for $500 billion in wealth AUM by end of 2026: Reuters

The bank aims to double the number of clients with at least $1 million by the end of 2026 too
Maybank Securities raises STI target to 3,583 points - THE EDGE SINGAPORE

Broker's Calls

Maybank Securities raises STI target to 3,583 points

Maybank Securities raises STI target to 3,583 points
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