Shenzhen Rural Commercial Bank

DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share - THE EDGE SINGAPORE

Results

DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share

DBS Group Holdings has reported net profit of $2.01 billion for the 1QFY2021 ended March, making it the first time that the bank has crossed $2 billion in its quarterly earnings.

Analysts positive on DBS's acquisition of stake in Shenzhen bank - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on DBS's acquisition of stake in Shenzhen bank

Analysts from CGS-CIMB Research and RHB Group Research are positive on DBS Group Holdings’ 13% stake in Shenzhen Rural Commercial Bank on April 20.

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for RMB5.29 bil - THE EDGE SINGAPORE

Banking & finance

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for RMB5.29 bil

DBS Bank announced on April 20, that it has entered into an agreement with Shenzhen Rural Commercial Bank where it will subscribe to a 13% stake for a consideration of RMB5.29 billion ($1.08 billio

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