DBS 02 (Aug 10 - Dec 25)

Re: DBS 02 (Aug 10 - Dec 18)

Postby winston » Fri Dec 14, 2018 5:49 pm

not vested

DBS finished 3Q18 with a net profit of $1.4 billion.

One of the key reasons for its record net profit is loan growth from its business segments.

DBS saw its loan books grow by 8.2 percent year-on-year with Hong Kong, India and Indonesia growing at double-digit rate.

Net interest margin expansion was also another driving factor for the net profit improvement as its Singapore and Hong Kong business both saw net interest margin expansion.

DBS’ management expects the loan growth momentum to continue in 2019. They have guided for mid-single digit loan growth and continued net interest margin expansion.

While non-trade corporate loans are expected to slow, it is still expected to be around 6-7 percent.

Overall, DBS’ management sees a sustainable path towards an return-on-equity of 13 percent over the longer term.

BUY, TP $29.50; Current share price $23.51

Source: Shares Investments
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Re: DBS 02 (Aug 10 - Dec 18)

Postby behappyalways » Mon Feb 18, 2019 6:11 pm

DBS reports 8% rise in 4Q earnings to $1.32 bil; brings FY18 earnings to new record high
https://www.theedgesingapore.com/dbs-re ... ecord-high
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Re: DBS 02 (Aug 10 - Dec 19)

Postby behappyalways » Wed May 01, 2019 5:52 pm

DBS 1Q earnings up 9% to record $1.65 bil on healthy business momentum, higher net interest margin
https://www.theedgesingapore.com/dbs-1q ... est-margin
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Re: DBS 02 (Aug 10 - Dec 19)

Postby winston » Tue May 07, 2019 9:42 am

vested

Earnings most leveraged to rise in Singapore interest rates

Wealth Management has good long term growth potential

P/BV rose to as high as 1.9x in mid-2007, after 4 years of FFR hikes, whilst our current TP is pegged to 1.5x P/BV

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Re: DBS 02 (Aug 10 - Dec 19)

Postby winston » Wed May 22, 2019 9:20 am

vested

DBS Bank Ltd
Current Sentiment: BEARISH-RANGING


DBS has retested and broken the uptrend line for the 2nd time yesterday and most likely the market will continue its bearish correction.

Despite turning lower, the market still has potential to rally as the 2 demand zone confluence strongly with the 78.6% and 88.6% of the Fibonacci retracement level.

To further add on, the 200 Simple moving average is trending near the 1st demand zone and this may be a clue that market may find itself at that level to rally.

So do watch out for that level.

Source: Phillips
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Re: DBS 02 (Aug 10 - Dec 19)

Postby winston » Wed May 22, 2019 9:41 am

vested

Not its first rodeo

China exposure evokes doom & gloom. Is it justified?

North Asia delivers a third of DBS’ income. Intensifying US-China trade tensions have created operating and news-flow risks.

Nevertheless, DBS has been delivering North Asian ROAs that are significantly above its long-term mean since the trade war began in 1Q18.

Asset quality is also much better than at home. In North Asia, DBS is mostly exposed to high quality corporates and FIs, funded by a large, low-cost CASA base.

This puts it in a stronger position to deal with trade-war volatility than regional peers, we believe.

Importantly, its Singapore earnings should be more than sufficient to back guided dividend payments. Maintain BUY with multi-stage DDM (10.3% COE, 3% terminal) based TP of SGD29.46

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/1 ... ad50b3.pdf
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Re: DBS 02 (Aug 10 - Dec 19)

Postby winston » Sun Jul 07, 2019 9:41 am

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For the first quarter ended 31 March 2019, DBS Group reported that total income grew by 6% from a year ago to a record high of S$3.6 billion.

Net profit also strengthened by 9% to S$1.7 billion due to higher income and lower allowances.


Source: Motley Fool
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Re: DBS 02 (Aug 10 - Dec 19)

Postby winston » Mon Jul 29, 2019 1:30 pm

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DBS Q2 profit rises 17 pct, beats market estimates

SINGAPORE, July 29 (Reuters) - DBS Group Holdings Ltd, Southeast Asia's biggest lender, beat marketestimates with a nearly 17 percent rise in second-quarterprofit, supported by an increase in net interest income.

The Singaporean bank's net profit came in at S$1.6 billion ($1.2 billion) in the three months ending June, versus S$1.37billion a year earlier and an average estimate of S$1.47 billion from three analysts, according to data from Refinitiv.

Source: Reuters
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Re: DBS 02 (Aug 10 - Dec 19)

Postby behappyalways » Tue Jul 30, 2019 8:06 am

DBS posts record 1H earnings after 20% rise in 2Q earnings to $1.6 bil
https://www.theedgesingapore.com/capita ... ngs-16-bil
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Re: DBS 02 (Aug 10 - Dec 19)

Postby behappyalways » Wed Nov 13, 2019 4:31 pm

DBS 3Q earnings up 15% to $1.63 bil on strong operating performance, broad-based growth
https://www.theedgesingapore.com/capita ... sed-growth
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