DBS Group Holdings (DBS)

DBS hitches a ride with Go-Jek for a super-app
SINGAPORE (Nov 12): Southeast Asia’s largest bank is teaming up with a unicorn. The prize they may have in mind: a super-app like China’s Alipay and WeChat Pay. Go-Jek Indonesia PT, which started out as a ride-hailing app, has since gone on to capture a much bigger slice of commerce, including food delivery, courier and hairdresser services, and bill payment. As my ...
Right timing: Index stays near resistance, short term cycle still upwards
SINGAPORE (Nov 9): The Straits Times Index approached its declining 50-day moving average when the moving average was at 3,141 and the index closed at 3,116 on Nov 2. However, the STI has since retreated. The 50-day moving average is currently at 3,131. Quarterly momentum has faded somewhat. It remains in negative territory, and could ease from its current level. Short term indicators continue ...
DBS gets more 'buys' from research houses
SINGAPORE (Nov 7): DBS Group Holdings has garnered four “buys” and a “hold” in this compilation of results reviews. In 3Q18, DBS reported earnings of $1.41 billion which came slightly below Bloomberg consensus of $1.44 billion, but still up 76% y-o-y and 6% q-o-q. Net interest income rose 15% y-o-y and 2% q-o-q to $2.27 billion. Net interest margin (NIM) improved from 1.73% in 3Q17 ...
Singapore banks' good times have come and gone
SINGAPORE (Nov 5): Very little went wrong for DBS Group Holdings last quarter. Singapore’s biggest bank, the last to report earnings, posted a 76% jump in net income. Net interest margins widened 13 basis points and credit costs were 71% lower than a year earlier. Investment banking wobbled, but trading income surged to compensate. The joys of being a bank in a rising interest-rate ...
DBS restarted at 'buy' by KGI on rising interest rates, private banking growth
SINGAPORE (Nov 2): KGI Securities has restarted coverage on DBS Group Holdings with a “buy” given Singapore’s largest bank is well-positioned to benefit from rising interest rates as well as the city-state’s continued growth as a private banking hub. In a Friday report, KGI analyst Marc Tan says DBS has the highest CASA (current and saving accounts) composition among its peers which ...
Right timing: STI resumes downtrend as blue chips tumble
SINGAPORE (Oct 26): Here are two charts for our analysis this week: Straits Times Index resumes downtrend as blue chips tumble The Straits Times Index resumed its decline as moving averages get ready to turn down. Other trend following indicators such as directional movement also confirm a downtrend. ADX is rising, and the DIs remain negatively placed. In the near term, the break below 3,109 ...
DBS prefers UOB over OCBC on smaller exposure to trade and wealth management
SINGAPORE (Oct 19): DBS Group Research continues to prefer UOB to OCBC even as it expects loan yields to trend up in 3Q18 for both banks. “Our ‘buy’ call on UOB is premised on its higher dividend yield with potential upside and continuous loan growth supported by strong funding portfolio, on top of its strong capital position,” says DBS analyst Lim Rui Wen who has a $31.70 target price ...
Right timing: STI could bounce, then resume downtrend
SINGAPORE (Oct 12): Here are two charts for our technical analysis this week: STI could bounce, then resume downtrend The Straits Times Index’s decline during Oct 9-11 took the index below a twice tested support at the 3,103 to 3,109 range. Short term stochastics turned down from the top end of its range as 21-day RSI tested 30, an oversold low. ADX is rising and the DIs remain negatively ...
Widening NIM trend intact positive for DBS: RHB
SINGAPORE (Sept 17): Given the growing US economy, the market expects the US federal funds rate (FFR) to be raised by 25bps during the Sept 25-26 Federal Open Market Committee (FOMC) meeting. Correspondingly, the three-month SIBOR -- now at 1.64% -- is expected to rise, given the historical correlation between the FFR and three-month SIBOR. In 2Q18, the three-month SIBOR averaged 1.51%. ...
You can now WhatsApp, WeChat your DBS relationship managers
(Sept 11): DBS Group Holdings, Southeast Asia’s biggest bank, unveiled a service that will allow wealthy clients to interact with their relationship managers on WeChat and WhatsApp. The Singapore-based lender will begin registering interested clients for the service known as Wealth Chat, DBS said Tuesday in an emailed statement. It will initially provide content such as investment reports ...