DBS Group Holdings (DBS)

Broker's Calls

Faced with new digital banks, RHB prefers DBS, OCBC for high CASA ratios

According to RHB, attractive savings account offerings may stoke concerns that deposit competition would intensify.
Number of trades on DBS Digital Exchange more than doubled in June amid 'unprecedented volatility' - THE EDGE SINGAPORE

Cryptocurrency

Number of trades on DBS Digital Exchange more than doubled in June amid 'unprecedented volatility'

There were also a higher number of Bitcoin and Ethereum purchased on the DDEx in June from April.

Broker's Calls

Analysts remain 'overweight' on Singapore banking sector due to NIM improvement

Analysts from UOB Kay Hian and PhillipCapital have kept their "buy" calls for the banks in their respective reports.

Sustainability

Creating green buildings with smart cooling, efficient grids

“The green agenda puts pressure on organisations to invest in sustainable solutions that could cost more than initial rewards.”
With $2.4 bil in excess capital, could DBS be a 'payout superstar'? - THE EDGE SINGAPORE

Broker's Calls

With $2.4 bil in excess capital, could DBS be a 'payout superstar'?

“We do not believe the group would have the appetite for sizable M&A in the medium term.”

Zest

DBS denies interest in IDBI Bank while staying bullish on India

Among Singapore banks, DBS has been the most aggressive in expanding in India.

Results

DBS reports net profit of $1.82 bil for 2QFY2022, up 7% y-o-y

For the 2QFY2022, DBS has declared an interim dividend of 36 cents, bringing the 1HFY2022 dividend to 72 cents per share.

New appointments

DBS appoints Lim Chu Chong as the new head of its Indonesia franchise

Lim replaces outgoing president director Paulus Sutisna, who was in the role since 2015.
UOB Kay Hian maintains 'overweight' on Singapore banks; sector to benefit from NIM expansion - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian maintains 'overweight' on Singapore banks; sector to benefit from NIM expansion

On the overall banking sector, Koh notes that the three banks do not have exposure to residential mortgages in mainland China.

Broker's Calls

CGS-CIMB remains 'overweight' on banking sector on anticipated margin expansion

The recommendation comes after deposits in April rose by 2.9% m-o-m, the highest since August 2021.
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