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DBS
Banking & finance
UBS upgrades DBS to a buy for these reasons
UBS upgrades DBS to a buy and is its most preferred bank
June 21, 2023
Right Timing
The rally by the Straits Times Index is narrow, and needs to broaden out
To have legs, the STI's rally needs to broaden to include the banks. DBS's indicators have formed a positive divergence with price
June 16, 2023
Banking & finance
DBS on track to hit $10 bil net profit
For the first time in the next couple of years, a Singapore bank has the chance to hit $10 billion in net profit
June 15, 2023
Banking & finance
Banks ride tailwind of higher interest rates
Comparing the banks as they ride tailwind of rate hikes, while investors focus on Asean, China+1
June 15, 2023
Right Timing
Equity markets may have discounted Fed pause, China slowdown
As the Fed pauses, PBOC eases, DBS forms minor base while investors hope recession is averted
June 15, 2023
Banking & finance
MAS imposes additional capital requirement on DBS after digibank disruption on May 5
MAS imposes additional capital requirement of $1.6 billion on DBS following May 5 disruption of digibank
May 05, 2023
Results
Despite record earnings, generous dividends, analysts lukewarm towards DBS as outlook turns cautious
Despite DBS' record earnings in 1Q2023, cautious outlook and peak NIM led to a few downgrades
May 04, 2023
Results
DBS results briefing: cost of deposits to rise, no stress in commercial property book
For FY2023, DBS guides of 3%-5% loan growth, NIM of 2.05-2.1%, specific provisions of 10bps -15bps
May 02, 2023
Right Timing
Share price performance of banks muted as NIMs reach plateau
Banks' share price performance to be muted as highest growth in NIMs may be over
April 20, 2023
Broker's Calls
DBS initiates coverage on Credit Bureau Asia with 'hold' call and $1.02 target price
Potential catalysts can come from new license wins and strategic expansion plans into markets such as Vietnam and China.
April 18, 2023