DBS Group Holdings

DBS shrugs off poor results, Venture pushes higher, and Cogent gets an offer

(Nov 13): It has been an interesting week of results for our Singapore Market Portfolio, with two of our larger-cap holdings hitting new highs after reporting their 3QFY2017 numbers. Meanwhile, another one of our holdings benefited from an offer.

DBS profit sinks as bank tries to put bad loans behind it

SINGAPORE (Nov 6): DBS Group Holdings Chief Executive Officer Piyush Gupta was determined to put the pain of soured energy-industry loans behind him -- even if it meant profit missing the lowest analyst estimate by a wide margin.

Results

DBS reports 25% lower 3Q earnings of $802 mil on higher net allowances

SINGAPORE (Nov 6): DBS Group Holdings reported 25% lower 3Q earnings of $802 million from the same quarter a year ago.

Fintech

DBS launches new banking API developer platform; India holds greatest promise for fintech partnerships

SINGAPORE (Nov 2): DBS Group Holdings has launched what it says to be the world’s first and largest banking API (application programming interface) developer platform.

Simulation model projects loss of 37% if war breaks out

(Sept 11): In the wake of destruction wrought by Hurricane Harvey in Texas, the US is set for another storm. Hurricane Irma, which is said to be one of the most powerful Atlantic hurricanes ever, is expected to hit Florida this weekend. At the same time,

Update

DBS wins Reserve Bank of India approval to start subsidiary banking operation

MUMBAI (Sept 5): Singapore’s biggest lender DBS Group Holdings has won the Reserve Bank of India’s (RBI) approval to provide banking services in the country through a wholly-owned subsidiary, its CEO said on Monday.

Commentary

QR payments are coming... DBS, OCBC and UOB need a quick response

SINGAPORE (Aug 31): When is something money and not just a cowrie shell? When you can pay taxes with it. Or that's the argument of chartalists, the folks who see the state's hand behind the origins of all manner of money.

CNMC results disappoint again; Second Chance added to portfolio

(Aug 21): Corporate earnings for 2Q2017 were not great. Of the Straits Times Index’s 30 component companies, 14 missed market expectations, while 11 outperformed, says Margaret Yang, an analyst at CMC Markets, citing Bloomberg data. The remaining five c

Property

$970 mil bid for Tampines Court a ‘quantum leap of faith’ from Sim Lian

SINGAPORE (Aug 16): DBS Group Research is remaining cautious on news of property developer Sim Liam Group’s potential purchase of Tampines Court, which would represent the condominium property home owners’ third attempt for a collective sale.

Broker's Calls

Manulife US REIT kept at ‘buy’ on attractive yields and improving US market

SINGAPORE (Aug 11): DBS is maintaining its “buy” call on Manulife US REIT a with a target price of US$1.07 ($1.46).
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