DBS Group Holdings (DBS)

Zest

Japanese banks must learn to lure Southeast Asia's youth

Going abroad is easier than making a go of a business overseas; the Japanese may need to emulate a family-run Singapore bank.
JP Morgan downgrades DBS to 'neutral' as future earnings growth already priced in - THE EDGE SINGAPORE

Broker's Calls

JP Morgan downgrades DBS to 'neutral' as future earnings growth already priced in

JP Morgan analyst Harsh Wardhan Modi implies that DBS's NIM expansion may be limited in 2023.

Property

Perennial Holdings secures $3 bil green loan to refinance 8 Shenton Way

The loan, supported by DBS and OCBC Bank, is Asia’s largest real estate green loan to date.

Zest

DBS expands footprint to Bangladesh, appoints former HSBC exec as chief representative

In 2021, Singapore was the third-largest importing partner of Bangladesh, with imports amounting to about US$2.4 billion.
DBS, Temasek, World Bank and more launch second edition of climate-tech accelerator programme - THE EDGE SINGAPORE

Sustainability

DBS, Temasek, World Bank and more launch second edition of climate-tech accelerator programme

A total of $250,000 in grants will be awarded to up to five successful applicants.

Broker's Calls

DBS wins praise from analysts for 'massive' NIM expansion, but rising rates threaten cost of funds

With the slower loan growth outlook, there is “significant room” to raise dividends in 4QFY2022, says one analyst.

Global Economy

Briefs: Smaller rate hikes expected ahead, says Fed chair Powell

In other news, MAS's Ravi Menon says Singapore can absorb record inflows of new money; DBS to tap into new digital asset platform.

Results

DBS posts record high earnings of $2.24 bil in 3QFY2022, up 32% y-o-y

DBS has declared a quarterly dividend of 36 cents per share, bringing its total dividend for the 9MFY2022 to $1.08 per share.

Broker's Calls

Expect 'accelerated net interest margin expansion' as DBS, OCBC report 3QFY2022 results: UOBKH

UOB, DBS and OCBC will be releasing their results on Oct 28, Nov 3 and Nov 4 respectively.

Environmental, Social and Governance

Over 80% of Singapore SMEs rate ESG as a high priority in their business: DBS survey

Climate change leading to a depletion in natural resources was an issue most Singapore SMEs surveyed were looking to solve.
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