Shares of Singapore's DBS Group have been on a strong run since my last piece, including a nice bump after Q3 results. Q3 results were strong, with record net income mapping to a strong return on equity of over 18%. Fee income and asset quality were solid. While the shares have re-rated since my last piece, the current dividend yield plus management's ongoing commitment to raising it at a healthy clip means the stock remains attractively valued.
DBS Group Holdings Ltd (OTCPK:DBSDF) Q3 2024 Earnings Call November 6, 2024 8:30 PM ET Company Participants Benton Jing Hung Yick - Investor Relations Piyush Gupta - Chief Executive Officer Su Shan Tan - Deputy Chief Executive Officer and Group Head, Institutional Banking Sok Hui Lim - Chief Financial Officer Conference Call Participants Harsh Wardhan Modi - JPMorgan Chase Aakash Rawat - UBS Jayden Vantarakis - Macquarie Weldon Sng - HSBC Benton Jing Hung Yick So welcome, everyone. I think you would have had the media briefing.
DBS Group , Singapore's biggest bank, posted on Thursday a 15% jump in net profit in the third quarter from a year earlier to a record high of S$3.03 billion ($2.27 billion) driven by total income growth, according to a statement on Thursday.
DBS Group (DBSDY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MRCC, DBSDY and MFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 10, 2024.
DBS Group (DBSDY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SLVM and DBSDY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 14, 2024.
Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia's biggest bank for 14 years.
Citigroup has hired Yeo Wenxian as head of wealth for Asia South region from Singapore's biggest lender DBS Group Holdings , according to a memo seen by Reuters.
Does DBS Group Holdings Ltd (DBSDY) have what it takes to be a top stock pick for momentum investors? Let's find out.
DBS Group (DBSDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here is how DBS Group Holdings Ltd (DBSDY) and Banco Macro (BMA) have performed compared to their sector so far this year.