DBS Group Holdings

Banking & finance

James Dyson taps DBS's Tan Su Shan to advise US$16 bil empire

Tan was appointed late last year to Weybourne Holdings Pte, which counts SIA's Koh Boon Hwee and Kishin RK as directors.
UOB’s Asean, digital focus enhanced by Citi portfolio  - THE EDGE SINGAPORE

Banking & finance

UOB’s Asean, digital focus enhanced by Citi portfolio

UOB looks to Citi acquisition, Asean to drive growth
Is DBS on track for record $10 bil net profit in FY2023? - THE EDGE SINGAPORE

Banking & finance

Is DBS on track for record $10 bil net profit in FY2023?

A possibility of DBS' net profit rising to $10 billion in 2023 was lost in the news of its $1 billion exposure in an Adani unit
Singapore banks could see upcoming moderation in growth momentum in 2023: IG Asia - THE EDGE SINGAPORE

Broker's Calls

Singapore banks could see upcoming moderation in growth momentum in 2023: IG Asia

DBS, OCBC and UOB will announce their earnings for the 4QFY2022 and FY2022 on Feb 13, Feb 24, and Feb 23.

Banking & finance

DBS leads in Singapore investment banking fees as industry hits 4-year low: Refinitiv

Singapore investment banking fees amounted to US$786.7 million in 2022, down 34% y-o-y and the lowest annual total since 2018.
CGS-CIMB downgrades Singapore banking sector to "neutral" - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades Singapore banking sector to "neutral"

Nonetheless, the analysts believe that with banks dishing dividends at yields of between 4 to 5%, the sector is well supported.
Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA - THE EDGE SINGAPORE

Company in the news

Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA

DBS Bank was also probed for its role as issue manager in Hyflux's 2011 fundraising but no further action will be taken
Earnings surge but banks advise caution as peak interest rates approach - THE EDGE SINGAPORE

Banking & finance

Earnings surge but banks advise caution as peak interest rates approach

DBS and UOB's net profits have surged in 3Q2022 on loan growth and higher NIMs. The out look is optimistic with caveats

Banking & finance

DBS becomes first bank to tap on new digital asset trading solution by SGX Group company

The move will enable DBS to provide straight-through trading from RFQ through to trade settlement on a 24/7 basis.

Broker's Calls

Analysts remain positive on banks ahead of 3QFY2022 results due to NIM expansions

CGS-CIMB remains “overweight” on the sector while DBS expects the sector to see “higher absolute dividends” for FY2022.
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