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DBS Group Holdings (DBS)

DBS Group Holdings’ net profit for FY2025 was $11.033 billion, 3% lower than FY2024’s net profit of $11.408 billion. Photo: Kwan Wei Kevin Tan/The Edge Singapore

Banking & finance

DBS maintains $11 bil earnings for 2025 but expects 2026’s net profit to be lower

DBS Group Holdings’ net profit for FY2025 was $11.033 billion, 3% lower than FY2024’s net profit of $11.408 billion.

Banking & finance

DBS grows stake in Shenzhen Rural Commercial Bank to 19.9% for RMB310 mil

Under the transaction, DBS acquired 52.2 million shares in the Chinese bank for a total consideration of RMB310 million ($58 million) or RMB5.94 per share.
Over 23,000 junior-ranked DBS employees to receive special one-time bonus of $1,000 - THE EDGE SINGAPORE

Banking & finance

Over 23,000 junior-ranked DBS employees to receive special one-time bonus of $1,000

The bank says that it has set aside $18 million for the initiative, to be distributed to over 23,000 employees globally, including some 6,800 in Singapore.
DBS 4QFY2025 earnings down 10% to $2.36 bil; full year earnings reach $11 bil - THE EDGE SINGAPORE

Results

DBS 4QFY2025 earnings down 10% to $2.36 bil; full-year earnings reach $11 bil

DBS will pay 81 cents for 4QFY2025, bringing FY2025 total payout to $3.06 per share - an increase of 38% over FY2024's total of $2.22
The Singapore skyline. Photo: Bloomberg

Banking & finance

DBS sees ‘turning point’ in NIM downtrend for Singapore banks; lifts OCBC’s TP to $23

DBS, UOB and OCBC will release their 4QFY2025 and FY2025 results on Feb 9, 24 and 25, respectively.
Shares in DBS, OCBC hit all-time highs on Jan 6 - THE EDGE SINGAPORE

Banking & finance

Shares in DBS, OCBC hit all-time highs on Jan 6

As at 11am, shares in DBS and OCBC are trading at $57.59 and $20.14 respectively.

New appointments

DBS is said to hire Sarah Tsao from UBS in senior government role

Tsao will join DBS to cover government-linked corporations in Singapore, encompassing state investors Temasek Holdings Pte, GIC Pte and their subsidiaries, said Bloomberg's sources.
STI could see 5,000 this year; but can DBS be at $70 by end-2026?  - THE EDGE SINGAPORE

Right Timing

STI could see 5,000 this year; but can DBS be at $70 by end-2026?

The STI's consolidation established support at 4,000. The next upside is 5,000. DBS at $70 is more likely to be DBS at $65 if valuations remain reasonable.
JP Morgan increases DBS’s TP to $70; upgrades OCBC and SGX to ‘overweight’ and UOB to ‘neutral’ - THE EDGE SINGAPORE

Broker's Calls

JP Morgan increases DBS’s TP to $70; upgrades OCBC and SGX to ‘overweight’ and UOB to ‘neutral’

With DBS and SGX trading close to all-time high P/E multiples, the analysts are recommending investors to remain with the trades as the larger trend has yet to peak or be fully priced in.

Global Economy

Briefs: Pavilion Capital to join Seviora Group; DBS said to revise Alliance Bank proposal to 30% stake

Other news this week: Tech firms from Dell to HP warn of memory chip squeeze from AI.
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