Latest news with #DBSGroupHoldings
Business Times
22-05-2025
- Business
- Business Times
Adani Ports gets about US$150 million loan from DBS
[MUMBAI] Adani Ports & Special Economic Zone raised about US$150 million through a bilateral loan agreement with DBS Group Holdings, according to people familiar with the matter, as the Indian conglomerate continues to restore lender confidence. The proceeds of the four-year dollar loan will be used for capital expenditure, the people said, asking not be identified because the information is private. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate, they said. The all-in-price, including the hedging cost, is about 5.5 per cent, one of the person said. DBS declined to comment. An Adani Group representative did not offer any immediate comments on the transaction. Billionaire Gautam Adani-owned conglomerate, with interests stretching from ports to green energy, is steadily regaining creditor confidence following a US Department of Justice indicted Adani over an alleged bribery plot in November. The bilateral loan is the group's first from a global bank since the indictment, one of the person said. Last month, the group raised about US$750 million through an offshore private placement bond to fund an acquisition of a construction firm. BlackRock subscribed to about a third of the issuance. Separately, the conglomerate is in talks with foreign banks including Barclays, First Abu Dhabi Bank and Standard Chartered Bank for a US$750 million loan for its airport unit. Representatives for Adani and his companies recently met US administration officials to discuss potentially dismissing criminal charges levied against him in the bribery probe, Bloomberg reported earlier this month. BLOOMBERG
Nikkei Asia
08-05-2025
- Business
- Nikkei Asia
Singapore's DBS Q1 profits dip 2% amid Trump headwinds
SINGAPORE -- Singaporean lender DBS Group Holdings, Southeast Asia's largest bank by assets, on Thursday reported a 2% year-on-year fall in its first quarter net profit as it prepares for economic headwinds brought on by U.S. President Donald Trump's trade tariff threats. The financial institution logged a profit of $2.9 billion Singapore dollars ($2.24 billion) for the January-March quarter, down from SG$2.95 billion a year earlier and breaking a streak of growth in earnings it has enjoyed since 2022.
Yahoo
09-03-2025
- Business
- Yahoo
The DBS Group Holdings Ltd (SGX:D05) Yearly Results Are Out And Analysts Have Published New Forecasts
DBS Group Holdings Ltd (SGX:D05) last week reported its latest yearly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. DBS Group Holdings reported in line with analyst predictions, delivering revenues of S$22b and statutory earnings per share of S$3.94, suggesting the business is executing well and in line with its plan. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. See our latest analysis for DBS Group Holdings After the latest results, the 17 analysts covering DBS Group Holdings are now predicting revenues of S$23.0b in 2025. If met, this would reflect a satisfactory 6.3% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be S$3.93, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of S$23.0b and earnings per share (EPS) of S$3.93 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. It will come as no surprise then, to learn that the consensus price target is largely unchanged at S$48.50. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic DBS Group Holdings analyst has a price target of S$53.70 per share, while the most pessimistic values it at S$42.75. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that DBS Group Holdings' revenue growth is expected to slow, with the forecast 6.3% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Compare this to the 503 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 6.7% per year. So it's pretty clear that, while DBS Group Holdings' revenue growth is expected to slow, it's expected to grow roughly in line with the industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at S$48.50, with the latest estimates not enough to have an impact on their price targets. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for DBS Group Holdings going out to 2027, and you can see them free on our platform here.. However, before you get too enthused, we've discovered 1 warning sign for DBS Group Holdings that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
South China Morning Post
06-03-2025
- Business
- South China Morning Post
DBS outgoing CEO gets US$13 million in ‘another banner year'
DBS Group Holdings increased CEO Piyush Gupta's total pay by 56 per cent for 2024, a year in which the Singapore-based bank reported record profits and strengthened its technology. Advertisement Gupta earned S$17.6 million (US$13.2 million) last year, up from S$11.2 million in 2023 when he took a pay cut due to digital banking glitches, according to the bank's annual report released on Thursday. On top of this package, which included a cash bonus of S$6.6 million, DBS's board also granted him a special recognition award of S$2.5 million. The pay cements Gupta as one of Asia's highest-paid bankers. Standard Chartered boss Bill Winters earned £10.7 million (US$13.8 million) last year after his variable pay more than doubled. The hefty payout for Gupta reflects his achievement during his 15-year tenure, during which the bank's profit and share price soared. The stock has delivered total returns of more than 400 per cent since Gupta took charge in November 2009 versus the Straits Times index's 128 per cent return over the same period. DBS has also unveiled multibillion-dollar payout schemes for investors in recent months. 'Our strong performance reflects the structural changes Piyush has implemented over the past decade,' Chairman Peter Seah said in the report. He highlighted the bank's digital transformation, and growth of high-return businesses such as wealth management, transaction services and treasury customer sales among Gupta's legacy. Advertisement Tan Su Shan, Gupta's deputy, will take over from him on March 28. She emphasised continuity in building resilience of the bank's operations and preserving the trust of stakeholders, according to the report.
Yahoo
10-02-2025
- Business
- Yahoo
Piyush Gupta delivers yet another record full-year profit in his final report card for DBS
DBS plans to increase its final dividend to 60 cents per share - up from 54 cents paid in the preceding three quarters DBS Group Holdings has reported a net profit of $2.62 billion for its 4QFY2024 ended Dec 31, 2024, up 10% y-o-y but down 13% q-o-q. This brings its full-year earnings to a new record of $11.4 billion, up 11% over the preceding FY2023. The bank enjoyed all-round growth from its commercial book net interest margin, fee income, treasury customer sales and markets trading income. Meanwhile, cost-income ratio was held steady at 40% and return on equity reached 18%. Its non-performing loan ration for Q4FY2024 was 1.1%, up from 1% in the preceding Q3FY2024. To reward eagerly awaiting shareholders, the bank plans to pay a final dividend of 60 cents, up from 54 cents per quarter it has paid for in each of 1QFY2024 to 3QFY2024. DBS shareholders will receive a total of $2.22 per share for FY2024, up 27% over the preceding year. As part of its bid to return excess capital in the coming three years, DBS will introduce a so-called capital return dividend of 15 cents per share per quarter to be paid out over FY2025. In the subsequent two years, it expects to pay out a similar amount of capital either through this or other mechanisms, barring unforeseen circumstances. The bank, however, did not announce a share split as some have suggested. This capital return dividend is the latest in a series of capital management initiatives in recent years including higher ordinary dividends, bonus issues, occasional special dividends and a share buyback programme. The bank says it will continue to consider all forms of returning capital. 'We achieved a record financial performance in 2024 with a return on equity of 18.0%, one of the highest among developed market banks," says CEO Piyush Gupta, in his final full-year results report after a decade at the helm. "Balance sheet management supported net interest income growth while improving investor sentiment drove wealth management fees and treasury customer sales to new highs," he adds. 'While macroeconomic and geopolitical uncertainties persist, the franchise and digital transformations carried out over the past decade position us well to continue delivering healthy returns," says Gupta, who is handing over to deputy CEO Tan Su Shan. "As I reflect on my journey at DBS, I feel good about where the bank is and am confident it will reach further heights under Su Shan's leadership.' DBS shares closed at $44.68 on Feb 7, up 0.81% for the day but a gain of more than 50% in the past year. Chart: DBS 90: IG All eyes on capital management as DBS kicks off banks' results on Feb 10; Maybank thinks DBS, UOB could 'surprise' DBS increases stake in Shenzhen Rural Commercial Bank to 19.4% for RMB1.6 bil Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
