Welcome!
DBS Group Holdings (DBS)
Banking & finance
DBS and UOB not worried about competition from digital banks
Traditional banks in Singapore have managed to maintain market share in casa growth despite the presence of pure digital banks.
August 22, 2024
Banking & finance
S’pore banks signal pivot to fee income, fixed-rate loans, cash flow hedges as rate cuts loom
Rising and declining interest rates are both double-edged swords for the local banks.
August 22, 2024
Broker's Calls
Analysts react to DBS’s appointment of its next group CEO, 2QFY2024 results
The analysts' target prices range from $31.90 to $41.40.
August 09, 2024
Banking & finance
DBS appoints Tan Su Shan as deputy CEO, posts 2QFY2024 net profit of $2.8 bil
DBS Group Holdings CEO Piyush Gupta will step down in March 2025, concluding a tenure that began in September 2009.
August 07, 2024
New appointments
DBS appoints Tan Su Shan as its deputy CEO; Piyush Gupta to step down as CEO in March 2025
Tan will succeed Piyush Gupta as CEO in March 2025.
August 07, 2024
Results
DBS reports 2QFY2024 net profit of $2.8 bil, 4% higher y-o-y; declares dividend of 54 cents per share
DBS has declared a dividend of 54 cents per share for the second quarter, bringing first-half dividend to $1.08 per share.
August 07, 2024
Banking & finance
DBS shares fall 1.56% today, down 10% month-to-date, ahead of 1HFY2024 results
DBS will release its 1HFY2024 earnings during the midday break on Aug 7, and not after trading hours as previously announced.
August 06, 2024
Broker's Calls
Citi downgrades DBS, OCBC, UOB to ‘sell’ as first signs of US contraction emerge
Citi Research says investors should “unwind their overweight positions”.
August 05, 2024
Funds
DBS launches three-year fixed-income portfolio managed by BlackRock
The fund’s initial offer period spans from July 15 to Aug 12 with an option to extend two weeks until Aug 26.
July 24, 2024
Environmental, Social and Governance
DBS HR chief on recognising talent at one of S’pore’s ‘best employers’
“We would be very foolish if we don’t focus on the employee when they make the bulk of the expenses.”
July 18, 2024