DBS Group Holdings

Broker's Calls

'Not yet shipshape', Singapore banks to face NIM squeeze, credit costs to taper off in 2H20: analysts

Singapore banks can expect lower net interest margins (NIMs) ahead though credit costs could ease in 2H2020.

Broker's Calls

Expect bottoming net interest margins, rising non-performing loans as banks shore up provisions: analysts

Provisions will stay high across Singapore’s banks as they face net interest margin (NIM) compression and see non-performing loans rise amid low interest rates, say analysts.

Results

DBS posts 26% fall in 1H20 earnings to $2.41 bil; increases provisions, lowers dividend to 18 cents

DBS Group Holdings has reported earnings of $2.41 billion for 1H2020, falling 26% y-o-y with an increase in general allowance owing to risks from the Covid-19 pandemic, in results release

Investing ideas

DBS bullish on US tech stocks, favours S-REITs as yield remains attractive

SINGAPORE (July 9): Tech and healthcare stocks have outperformed the market in recent years but from the perspective of DBS Group Holdings, these are still the sectors to stay bull

Results

DBS increases provision but keeps 1Q dividend at 33 cents

SINGAPORE (Apr 30): DBS Group Holdings has reported earnings of $1.17 billion for 1Q2020, down 29% y-o-y, as it “pre-emptively” set aside $703 million in general reserves to buffer potential risks

Investing 101

Meet the best bank savings accounts in Singapore

SINGAPORE (Apr 14): If you’re considering investing in the stock market, you will need to have at least six months’ worth of expenses in savings, just in case.

Broker's Calls

MAS support to benefit local banks, reduce strain from Covid-19: Phillip Securities

SINGAPORE (Apr 13): As the Monetary Authority of Singapore (MAS) has stepped in to support the local banking sector, Phillip Securities continues to be “overweight” on Singapore banks.

Yield watch

The dividend poser

SINGAPORE (Apr 3): The deputy governor of the Bank of England, Sam Woods, has written to some banking bosses, asking them to suspend dividend payments, according to the BBC.

Broker's Calls

RHB is not banking on DBS to deliver strong returns

SINGAPORE (Mar 13): RHB Group Research is keeping “neutral” on DBS with a lower target price of $21.50 from $24.80 previously.

IPO

CityDev banks on DBS, OCBC to help in $700 mil UK assets REIT IPO

SINGAPORE (Mar 12): City Developments has selected banks to help with a potential listing on the Singapore stock exchange of its UK commercial properties, according to people familiar with the matt

Be informed of the stories that matter