DBS Group Holdings (DBS)

Broker's Calls

DBS holds $100 bil market cap for second day; analysts mixed on 1QFY2024 results

The analysts' target prices range from $35.90 to $40.70.

Environmental, Social and Governance

All of DBS's manned branches to be certified Green Mark Platinum by end-2024

Currently, 33 of DBS’s manned branches are already certified Green Mark Platinum.
Singapore banks’ net bond supply could be negative in 2024, thanks to 'low' refinancing needs, 'solid' capital cushions - THE EDGE SINGAPORE

Broker's Calls

Singapore banks’ net bond supply could be negative in 2024, thanks to 'low' refinancing needs, 'solid' capital cushions

DBS will be the first to report its results for FY2023, on Feb 7. UOB will follow on Feb 22 and OCBC a week later on Feb 28.
Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks - THE EDGE SINGAPORE

Broker's Calls

Goldman Sachs downgrades DBS and UOB, likes OCBC among Singapore banks

The analysts foresee that 2024 will mark an inflection downward for most Asean banks.

Broker's Calls

UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle

OCBC is analyst Jonathan Koh’s top pick due to its commitment to maintaining its 50% dividend payout ratio.
DBS ups stake in Shenzhen Rural Commercial Bank Corporation to 16.69% - THE EDGE SINGAPORE

Zest

DBS ups stake in Shenzhen Rural Commercial Bank Corporation to 16.69%

The stake increase from its initial 13% was acquired for a consideration of $376 million.

Broker's Calls

OCBC remains RHB’s top pick after 3QFY2023 results

The team estimates the sector to see earnings growth of 26% for the FY2023.
Finally, we are investing again — added six stocks with high, resilient dividend yields - THE EDGE SINGAPORE

Tong's Portfolio

Finally, we are investing again — added six stocks with high, resilient dividend yields

A key factor would be whether dividends are sustainable, for instance, in the event of a global economic slowdown or recession.

Zest

DBS seeks private credit foothold by originating deals

The group will, however, steer clear of doing direct lending transactions itself to avoid conflicts of interest.
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