Latest news with #DBSGroupHoldingsLtd
BusinessToday
2 hours ago
- Business
- BusinessToday
DBS Breaks US$100 Billion Barrier, Becomes Singapore's First Bank To Hit Milestone
DBS Group Holdings Ltd has become the first Singapore-based bank to cross the US$100 billion mark in market capitalisation, bolstered by a rally in its share price and a strengthening Singapore dollar. Shares of Southeast Asia's largest lender rose as much as 0.8% on June 9 to S$45.50, pushing its market value to S$129 billion (US$100.2 billion). The stock has gained 4.3% so far in 2025, with much of the appreciation amplified in US dollar terms due to a 6% rise in the Singapore dollar against the greenback. The milestone comes on the heels of robust financial performance and investor confidence. Singaporean banks, including DBS, have committed to returning billions in surplus capital to shareholders following record earnings in 2024. DBS' gains were driven by higher lending activity and wealth management fees. Tan Su Shan, who succeeded longtime Chief Executive Officer Piyush Gupta in March, said during her debut earnings call that the bank is positioning itself to capture value from supply chain shifts and increasing demand for foreign exchange hedging services. DBS is also strengthening its foothold in private banking. According to Asian Private Banker, it remains the third-largest wealth manager in Asia outside mainland China. The bank recorded S$21 billion in net new money last year, marking its third consecutive year of inflows above S$20 billion. Related
The Star
9 hours ago
- Business
- The Star
DBS tops US$100bil market value in first for Singapore banks
A customer walks past automated teller machines (ATM) at a DBS Group Holdings Ltd. bank branch in Singapore, on Wednesday, Feb. 17, 2021. - Photographer: Lauryn Ishak/Bloomberg DBS Group Holdings Ltd. became the first bank in Singapore to top US$100 billion in market value, helped by a softer US currency that amplified gains on the local stock market. Southeast Asia's top lender gained as much as 0.8% in Singapore trading on Monday to hit S$45.50. The firm is trading at a market capitalization of S$129 billion ($100.2 billion), extending its gains this year to to 4.3%. The advance in DBS's share price in US-dollar terms was driven by the weaker greenback. So far this year, the Singapore dollar has appreciated about 6% against the US dollar. Singapore lenders have pledged in recent months to hand over billions of dollars in surplus capital to investors, encouraged by record-high earnings last year. DBS in particular, has benefited from increases in lending and wealth fees. Chief Executive Officer Tan Su Shan took charge of DBS in March from Piyush Gupta after his 15-year leadership. Tan said at her first earnings call last month that the bank seeks to benefit from supply-chain changes undertaken by its clients and increased demand for hedging foreign exchange exposure. DBS is the third-largest wealth manager in Asia, excluding mainland China, according to data compiled by industry publication Asian Private Banker. Net new money for its business catering to the rich came in at S$21 billion last year, demonstrating the strong inflows that have exceeded S$20 billion for the past three years through 2024. - Bloomberg
Bloomberg
08-04-2025
- Business
- Bloomberg
DBS Sees More Trade Flows in Asia, Africa Post Trump's Tariffs
Singapore's biggest bank DBS Group Holdings Ltd. expects more trade flows between Asia, the Middle East and Africa, with the lender planning to support such business amid the latest rounds of tariff hikes by US President Donald Trump. 'There will be more connectivity' for clients between these regions as well as within Asia, said Chief Executive Officer Tan Su Shan at the Asean Investment Conference in Kuala Lumpur on Tuesday. 'These things will take some time to pan out, but as an Asian bank, we just have to work with them and work out new supply chains.'
Bloomberg
12-03-2025
- Business
- Bloomberg
DBS' First Female CEO Faces Headwinds, Sees AI as Game Changer
By and Joyce Koh Save When Barings Bank collapsed in 1995, Tan Su Shan lost her job and was evicted after her Hong Kong landlord thought she might not be able to pay rent. Her long-term boyfriend broke up with her the same week. Two years later, she decided to take a pay cut to join another firm. Tan credits the setbacks with helping to shape her 'inner strength' early in a banking career that will soon propel the 57-year-old Singaporean into the industry's top echelons. She is set to become the first female Chief Executive Officer of DBS Group Holdings Ltd. on March 28, taking over from Piyush Gupta, who has run Southeast Asia's largest lender for 15 years.
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
