DBS Group Holdings (DBS)

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 ...
Singapore banks could still win despite e-payment disruption: Morgan Stanley
SINGAPORE (Sept 7): The rise of e-payments might create a potentially existential challenge for banks, but two Singapore banks are expected to emerge winners despite the disruption, according to Morgan Stanley Research. Across Asean, banks are expected to lose between US$13.1 and $15.5 billion ($18.0 and $21.3 billion) in value to non-bank operators by 2022 as a result of this e-payments ...
Right timing: STI needs more time to bottom
SINGAPORE (Sept 1): Here are two charts for our technical analysis this week Straits Times Index daily (3,213) As quarterly momentum has been falling since mid-May, the best time for it to bottom is mid-Sept and the best time for an upturn is likely to be the second half of Sept. Short-term stochastics is turning up from the bottom of its range. The 21-day RSI is drifting sideways as ...
Right timing: STI weakens and retreats from resistance
SINGAPORE (Aug 4): Here are two charts for our technical analysis this week: STI daiiy (3,265) The Straits TIme Index tested resistance at its declining 50-day moving average as it made an intra-day high of 3,328 on Aug 1. Since then, quarterly momentum has resumed its downtrend, making a new one-year low. Short-term stochastics has turned down from the top end of its range. ADX is ...
Shares in DBS drop after suffering worst performance in treasury and markets operation since Piyush took top job
(Aug 2): DBS Group Holdings Ltd. shares fell after second-quarter results suffered from what Chief Executive Officer Piyush Gupta described as the worst performance in its treasury and markets operation since he took the top job almost a decade ago. See: DBS 2Q net profit up 20% to $1.37 bil from year ago; declares 60 cents interim dividend While net income rose 20% to $1.37 billion in the ...
DBS 2Q net profit up 20% to $1.37 bil from year ago; declares 60 cents interim dividend
SINGAPORE (Aug 2): DBS Group Holdings reported 2Q18 net profit for rose 20% from a year ago to $1.37 billion from a year ago, supported by double-digit percentage growth in net interest income and fee income but moderated by weak trading income. Total income rose 10% to $3.20 billion. Compared to the previous quarter’s record, net profit fell 10% as other non-interest income declined 44%. ...
Margins, asset quality to offset any softening in Singapore banks' loan growth
SINGAPORE (Aug 1): While trade frictions and property cooling measures may slow loan growth for Singapore banks, rising interbank rates should help margins and offset revenue pressure. Meantime, banks continue to invest in wealth management and digitalisation which should support non-interest income and operating efficiency. “Idiosyncratic risks reside but credit costs should stay stable. ...
Right timing: Pace of relief rally slows as STI approaches resistance
SINGAPORE (July 28): Here are some charts for our technical analysis this week: STI daiiy (3,324) After rebounding 133 points since the low of 3,191 on July 6, the Straits Times Index is approaching its still declining 50-day moving average at 3,352. The moving average is falling at around four points a session. Although quarterly momentum is rebounding off a low level, there are no signs ...
Singapore banks upgraded to 'overweight' as RHB sees Sibor increases offsetting housing loan curbs
SINGAPORE (July 16): RHB Research is upgrading Singapore’s banking sector to “overweight” from “neutral” on expected widening NIM (net interest margin) despite the property cooling measures. Assuming further hikes in the US federal funds rate (FFR) and the Sibor (Singapore Interbank Offered Rate), RHB is forecasting DBS and UOB to record an FY20 average NIM of 1.96%, This is sharply ...