DBS Bank

DBS complied with rules as issue manager of Hyflux perps in 2016: MAS
SINGAPORE (Apr 8): The Monetary Authority of Singapore says that its supervisory reviews to date have not uncovered any impropriety on the part of DBS when performing its roles as both issue manager and distributor of Hyflux perpetual securities in 2016. See: Hyflux rescue bid by SMI falls through amid conflicting statements The MAS spokesperson adds that DBS, in its capacity as the issue ...
OCBC still bullish on banking stocks after a lacklustre FY18
SINGAPORE (Mar 26): OCBC Investment Research remains bullish on Singapore’s banking space while keeping its sector “overweight” with “buy” calls on both DBS and UOB, which have been given fair value estimates of $29.31 and $28.30, respectively. Both stocks had dividend yields of 4.8%, with DBS and UOB trading at the respective book values of 1.3 times and 1.1 times, or at an average ...
DBS is Maybank Kim Eng's top pick amid expectation of wider NIM in 2019
SINGAPORE (Mar 7): Maybank Kim Eng Research says DBS Bank is its top pick among local banks on the back of its strong low cost deposit franchise. “Domestic banks, with lower loan to deposits (LD) ratios and higher mix of low cost deposits, should see net interest margins (NIMs) rise further,” says analyst Thilan Wickramasinghe in a report on Wednesday. “We believe DBS is best ...
DBS Bank to accelerate expansion in India with establishment of wholly-owned subsidiary
SINGAPORE (Mar 4): DBS Bank on Monday launched its locally incorporated wholly owned subsidiary, DBS Bank India Limited (DBIL). This marks a key milestone for the bank, which has been present in India for 25 years. DBS set up a representative office in India in 1994 and opened its first bank branch in 1995. It currently operates in 12 cities: Delhi, Mumbai, Bengaluru, Chennai, Kolkata, ...
DBS launches robo-adviser that offers more than just ETFs
SINGAPORE (Feb 28): When it comes to robo-advisers, there are a dime a dozen out there. Investors are spoilt for choice in deciding which platform to help them curate and manage a portfolio. But DBS digiPortfolio, which was rolled out by DBS Bank on Feb 25, attempts to stand out from the crowd. According to Lim Soon Chong, managing director and regional head of investment products and ...
DBS undergoes target price cuts after a record FY18, but remains a 'buy'
SINGAPORE (Feb 19): Jefferies Singapore, OCBC Investment Research and RHB Research are maintaining their “buy” calls on DBS Group while lowering their price targets to $28.50, $29.31 and $28.80, respectively. This comes after the release of its 4Q18 results, which saw earnings grow 8% y-o-y to $1.32 billion to bring the bank’s earnings for the full year to a record high of $5.63 ...
80% of SMEs expect more incentives at Budget 2019 to help cope with business challenges: DBS poll
SINGAPORE (Feb 15): Some eight in 10 small and medium enterprises (SMEs) in Singapore are expecting the government to announce more incentives at Budget 2019 to help support business growth amid a challenging economic environment. This is according to a dipstick poll by DBS Bank, which conducted a pre-budget survey with 150 of its SME clients last week. More than a quarter of SMEs cited ...
DBS partners SMU to launch sustainability programme
SINGAPORE (Feb 12): DBS and Singapore Management University (SMU) have partnered on a first-of-its-kind comprehensive initiative in Southeast Asia that focuses on promoting and growing sustainability. The DBS-SMU Sustainability Initiative includes the introduction of Singapore’s first sustainability major, as well as funding for sustainability research, scholarships, fellowships and ...
DBS tops Asean list for Brand Finance's most valuable banking brands in 2019
SINGAPORE (Feb 7): DBS Bank is No. 34 in Brand Finance’s Banking 500 2019 annual report global rankings, rising six spots from No. 40 in 2018 and making it Asean’s ‘Most Valuable Bank Brand” for the 7th straight year. Brand Finance is an independent brand valuation and strategy consultancy. Its annual Banking 500 study ranks the world’s most valuable and strongest banking brands ...
DBS expected to deliver promising 4Q results despite headwinds: UOB
SINGAPORE (Feb 7): DBS will be announcing its 4Q18 and FY18 earning on Feb 18. UOB Kay Hian is forecasting 4Q18 net profit to increase 8.0% y-o-y to $1.29 billion. In a Thursday report, analyst Jonathan Koh says, “We expect double-digit growth in net interest income of 10.1% y-o-y, which offsets the decline in contributions from wealth management fees (-3.1% y-o-y) and net trading income ...