DBS Group Holdings Ltd (OTCPK:DBSDF) Q4 2024 Results Conference Call February 9, 2025 10:30 PM ET Company Participants Piyush Gupta - Chief Executive Officer Sok Hui Lim - Chief Financial Officer Conference Call Participants Aakash Rawat - UBS Nick Lord - Morgan Stanley Jayden Vantarakis - Macquarie Research Harsh Wardhan Modi - JPMorgan Yong Hong - Citi Unidentified Company Representative I think we can kick off. So hi, everyone.
DBS Group , Singapore's biggest bank, posted a 10% rise in net profit in the fourth quarter from a year earlier on the back of growth in both commercial book and markets trading, according to stock exchange filing on Monday.
DBS Group (DBSDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how DBS Group Holdings Ltd (DBSDY) and Victory Capital Holdings (VCTR) have performed compared to their sector so far this year.
DBS Group Holdings maintains a strong capital position and plans a SGD 3 billion share buyback, driving near-term share price growth. The bank's CET1 CAR remains well above target, even post-Basel IV regulations, allowing for further potential capital returns without compromising business sustainability. DBS offers an attractive forward dividend yield of 5.5%, with a conservative payout ratio, indicating room for dividend growth alongside profit increases.
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.