DBS Group Holdings (DBS)

Banking & finance

‘60/40’ is not a ‘bad thing’ for investors while Gupta’s retirement is ‘best thing’ for DBS shares

DBS CEO Piyush Gupta shared his insights on investment trends for 2025 and reflected on 2024 during a dinner event for DBS Private Bank’s clients.
Alliance Bank’s top shareholder Vertical Theme is said to consider sale to DBS - THE EDGE SINGAPORE

M&A

Alliance Bank’s top shareholder Vertical Theme is said to consider sale to DBS

A deal for Alliance would give DBS a foothold in Malaysia, where Singaporean rivals Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. already have an established presence.

Broker's Calls

Special dividend from DBS, share buyback programme by UOB in CGSI’s forecasts ahead of FY2024 results

DBS will announce its results on Feb 11, followed by UOB on Feb 19 and OCBC on Feb 26.
CGSI expects DBS’s 4QFY2024 net profit to be at $2.7 bil; sees quarterly dividend to increase to 60 cents - THE EDGE SINGAPORE

Broker's Calls

CGSI expects DBS’s 4QFY2024 net profit to be at $2.7 bil; sees quarterly dividend to increase to 60 cents

DBS will release its 4QFY2024 and FY2024 results on the morning of Feb 10.

Broker's Calls

Morningstar raises target prices on all three Singapore banks by 3%-6%

The Fed may be more likely to hold than to cut US interest rates, and this shift in stance may help maintain margins.

Banking & finance

DBS to redeem US$1 bil 3.3% perpetual securities on Feb 27

Shares in DBS closed 87 cents lower or 1.93% down at $44.13 on Jan 10.
‘Accumulate’ all three local banks, but Phillip Securities prefers OCBC, UOB - THE EDGE SINGAPORE

Broker's Calls

‘Accumulate’ all three local banks, but Phillip Securities prefers OCBC, UOB

Non-interest income will provide a boost in 2025; the banks expect fee income to continue their strong growth from the sustained shift in investor sentiment.
DBS appoints Rajat Verma CEO of DBS Bank India from March 2025 - THE EDGE SINGAPORE

New appointments

DBS appoints Rajat Verma CEO of DBS Bank India from March 2025

Verma, formerly the managing director and country head of commercial banking at HSBC India, joined DBS Bank India as head of the institutional banking group in June 2023.

Broker's Calls

Brokers’ Digest: CapitaLand Investment, DBS, Sembcorp, Hong Leong Asia, First Resources

Here's what the analysts have to say about these counters this week.
DBS appoints new institutional banking group head, Singapore country head - THE EDGE SINGAPORE

New appointments

DBS appoints new institutional banking group head, Singapore country head

The new appointments come on the back of Tan Su Shan’s appointment as group CEO, with effect from March 28, 2025.
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