DBS Group Holdings

DBS sees record earnings of $3.71 bil for 1H21; interim dividend of 33 cents declared - THE EDGE SINGAPORE

Results

DBS sees record earnings of $3.71 bil for 1H21; interim dividend of 33 cents declared

The quarter’s dividend brings the total dividend for the 1HFY2021 to 51 cents per share.

New appointments

DBS announces new senior appointments for global transaction services

The new appointments include the appointment of Lim Soon Chong as the bank’s group head of global transactions services.
After a year of reduced payouts, MAS may remove banks' dividend cap soon: PhillipCapital - THE EDGE SINGAPORE

Broker's Calls

After a year of reduced payouts, MAS may remove banks' dividend cap soon: PhillipCapital

“We believe the banks could pay out special dividends to adjust their high capital buffers."
Temasek companies get a makeover - THE EDGE SINGAPORE

Corporate moves

Temasek companies get a makeover

Temasek-linked companies are restructuring. We look at why, how and who is next
Crypto firms fight for top talent with hundreds of openings - THE EDGE SINGAPORE

In Focus

Crypto firms fight for top talent with hundreds of openings

Despite a rout in May, cryptocurrencies’ total market value is up 400% over the past year to about US$1.4 trillion.
DBS completes Singapore's first USD SOFR-linked export financing transaction - THE EDGE SINGAPORE

Zest

DBS completes Singapore's first USD SOFR-linked export financing transaction

The transaction is said to also cement Singapore’s status as a global trade hub.
DBS CEO Gupta sells $1.75 mil worth of DBS shares via market transaction - THE EDGE SINGAPORE

Zest

DBS CEO Gupta sells $9.2 mil worth of DBS shares over 3 days, equivalent to FY20 pay

Gupta, on May 20, sold 58,900 DBS shares at $29.75 per share.

Zest

DBS has enough to fund $2.7 bil bid for Citi India unit: Sanford C. Bernstein & Co

A takeover of Citi’s India unit would be DBS’s largest acquisition since 2001.
DBS ups Tuan Sing's target price to 54 cents post Gultech stake sale - THE EDGE SINGAPORE

Broker's Calls

DBS ups Tuan Sing's target price to 54 cents post Gultech stake sale

"The potential IPO of GulTech could further unlock value for shareholders," say the analysts.
Ascendas REIT's private placement closes at $2.94 per unit, 2.6 times covered - THE EDGE SINGAPORE

REITs

Ascendas REIT's private placement closes at $2.94 per unit, 2.6 times covered

The price represents a 5.2% discount to VWAP as at May 4.
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