As DBS Group Holdings’ reported a record quarterly net profit of $2.01 billion for the 1QFY2021 ended March, analysts from CGS-CIMB Research, RHB Group Research and UOB Kay Hian have maintained “add” or “buy” on the bank with raised target prices.

See: DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share and DBS’s net profit of $2 billion in 1QFY2021 sets tone for FY2021

The bank’s robust results surpassed expectations from all three brokerages, as well as consensus’ estimates of $1.5 billion in net profit.

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