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.
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 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 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.
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."
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.
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.
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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