DBS DIVIDEND
DBS Group Q3 net profit falls 5% to S$2.81 billion, misses estimates
DBS Group reported a 5% year-on-year decline in third-quarter net profit to S$2.81 billion, missing analyst estimates due to weaker market trading income. The bank also announced dividends and a leadership transition, with Anthony Lim set to become chairman in January 2027.
Asia-focused banks face bond market risks ahead of Q3 earnings
Asia-focused banks face mounting pressure from rising bond yields, inflation and currency volatility ahead of third-quarter earnings. HSBC, Standard Chartered and DBS confront profitability and capital risks, while Japanese and Southeast Asian lenders navigate bond losses, funding pressures and economic uncertainty.
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week low
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.
Global Market: DBS raises full-year outlook as record Q2 profit beats estimates
DBS Group announced a robust nine percent increase in net profit for the second quarter, bolstered by a remarkable forty-two percent rise in wealth management fees. Following an exceptional first half, the bank upgraded its full-year guidance. Despite facing margin pressures, overall profit margins showed improvement with a higher return on equity. Additionally, shareholders will benefit from an announced increase in the quarterly dividend.
Singapore's top banker Piyush Gupta leaves DBS Bank
Piyush Gupta stepped down as DBS Bank's CEO after 15 years, with Tan Su Shan succeeding him as the first female CEO. Under Gupta, DBS achieved significant milestones including being named the World's Best Bank multiple times. DBS saw impressive financial growth and a record performance in 2024 despite some challenges, such as digital disruptions.
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DBS Bank CEO Piyush Gupta earns SGD 17.58 mn in 2024; to leave this month
Piyush Gupta received SGD 17.58 million in total pay for 2024 as DBS Group's CEO, before his scheduled retirement in March 2025. Under his leadership, DBS achieved record net profits and a high return on equity. Gupta's digital transformation strategy earned high board appraisal, with significant growth in market capitalization and customer base.
Singapore bank DBS posts record quarterly profit, sees 2025 dip from tax changes
DBS Group, Singapore's largest bank, reported a record-breaking net profit for the third quarter, reaching S$3.03 billion. This impressive performance was fueled by robust fee income, particularly in wealth management. However, the bank projects a decline in net profit for 2025 due to the implementation of a global minimum corporate tax rate in Singapore.
DBS sees net profit rising this year after Q1 beats forecasts
"While geopolitical tensions persist, macroeconomic conditions remain resilient and our franchise is well positioned to capture business opportunities," DBS Chief Executive Officer Piyush Gupta said in a statement.
DBS cuts CEO Gupta's pay by 30 per cent due to digital disruptions suffered by customers in 2023
DBS, Singapore's leading corporate group, has reduced CEO Piyush Gupta's variable pay by 30% due to digital disruptions experienced by the bank's customers. The CEO and other members of the management committee took a 21% reduction in their variable pay. DBS suffered disruptions to its digital banking services, leading to regulatory actions.
Singapore's DBS maintains 2024 guidance, Q4 profit beats forecasts
DBS Group, Singapore's biggest bank, maintained guidance for net interest income for 2024 at around last year's levels after posting a 2% rise in fourth quarter net profit, beating expectations.
Singapore's DBS posts record Q1 profit, expects margins to decline as rates peak
Singapore's largest bank, DBS Group, has announced a quarterly net profit of S$2.57bn ($1.9bn) for Q1 2016, up 43% on the same quarter a year ago. The bank cites inflows of safe haven deposits amid global banking turmoil, geopolitical uncertainty and volatile markets as a major factor behind growth. DBS also said that a threatened interest rate rise cycle's impact on margins led it to expect a gradual decline. DBS' report follows strong results and a more than tripling of quarterly profit from regional rival HSBC and smaller Singaporean peer United Overseas Bank.
DBS can fund $2 billion bid for Citi India unit, Bernstein says
It’s a case of “either go big or go home” for DBS to further expand in India where the Singapore-based bank also acquired Lakshmi Vilas Bank Ltd. in November, Bernstein analysts led by Kevin Kwek wrote in a report Thursday.
Relief rally in rupee bonds on fiscal windfall, eye on new 10Y issuance
Bonds have drawn confidence from last week's sector-specific measures announced.
DBS focus: RBI views on liquidity; sees 25bp hike
The bank sees a 25 bp hike accompanied by a neutral stance triggering a small uptick in the 10-year yields.
India, 9 other Asian economies to pull ahead of US in terms of GDP by 2030: Report
As per DBS, the Asia-10 economies will see robust growth and amount to over $28 trillion in real GDP terms.
India will benefit from growing tax revenue in FY2018: DBS
On the first, the Reserve Bank of India's dividends are set to halve this year to Rs 307 billion (0.2 per cent of Gross Domestic Product) estimated the DBS.
For DBS, the woods are just dark and deep
Bad loans rose from the previous quarter to 1.5%, the bank said in its June earnings report.
India's GDP growth to pick up again to 7.6 per cent next year: DBS
"The ongoing reforms will strengthen the productivity part of growth and the country's GDP will benefit from India's favourable working age population growth."
Govt likely to meet current fiscal deficit target: DBS
Govt is expected to meet the fiscal deficit target of 3.5 per cent of GDP in the current financial year, despite demonetisation and potential delay in roll out of GST, says a DBS report.
Stocks to watch: Hero Honda, ITC, Tata Motors, Orchid Chemicals, Cholamandalam DBS Finance
Hero Honda declared its highest dividend yet on Tuesday, and held out the possibility of another payout next month, part of the company’s push to reward shareholders as it celebrates its silver jubilee this year.
It's raining dividends at MFs
Fund houses such as SBI Mutual, HDFC MF, Reliance MF, Tata MF and UTI have announced dividends of 20-60%. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE
It's raining dividends at MFs
Major funds pay up to 60% to retain investors in their schemes.
No monthly income from the monthly income plans
According to the mutual funds portal ICRA online, out of the 34 odd MIPs with a monthly dividend payout option, only five schemes have been consistent in paying dividends uniformly every month so far in current financial year.
DBS Group Q3 profit dips 6% at $269 mn
DBS Group Holdings said its net earnings dipped 6.12 per cent to SGD 402 million for the third quarter ended September 30, due to lower fee-income and higher provisioning for exposure to troubled Lehman Brothers.
DBS Group says first quarter net profit down 2.0 per cent
DBS Group said its first-quarter net profit dipped 2.0 per cent from the previous year as trading and capital market activities took a hit from global financial turmoil.
Advertorial: Raj Mahadev, CFP, Head (Wealth Management), DBS Bank
Raj Mahadev, CFP, Head - Wealth Management, DBS Bank speaks his mind with ET.
DBS Chola Mutual Fund launches DBS Chola Small Cap Fund
DBS Chola Mutual Fund announced the launch of its DBS Chola Small Cap Fund, a three year close-ended fund.
DBS Chola launches small cap fund
DBS Chola Mutual Fund on Tuesday launched DBS Chola Small Cap Fund, a three year close-ended fund. Initial subscription to the fund closes on Dec 20.
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