DBS Group

[Mithrandir77]

Seit letztem Jahr im Depot als Ersatz für einen Emerging Markets Fond. 

Wichtigster Aktionär ist der Staatsfond Singapurs Temasek (Temasek und Maja Holdings). Shareholding Staristics  DBS

 

Name: DBS Bank Limited
ISIN/WKN: SG1L01001701/880105

Webseite:  https://www.dbs.com/investors/default.page 

 

Zitat

About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 15 consecutive years from 2009 to 2023.

 

 

Geschäftsbereiche:

- Consumer Banking/Wealth Management

- Institutional Banking

- Treasury Markets

 

Durch einige Übernahmen in den letzten Jahren sind die verstärkt in Taiwan (Übernahme der lokalen Geschäfte der Citigroup) und Indien (Lakshmi Vilas Bank) vertreten. 

 

DBS Group CEO explains its raised stake in Shenzhen bank and why it’s ‘constructive’ on China

CNBC Interview über das China Geschäft mit dem CEO Piyush Gupta (07.02.2024)

 

DBS to raise stake in China's Shenzhen Bank

 

 

Zitat

DBS full-year net profit rises 26% to record SGD 10.3 billion, return on equity rises to 18.0%

Board proposes final dividend of 54 cents per share and 1-for-10 bonus issue

Singapore, Hong Kong, Indonesia, India, China, Taiwan, 07 Feb 2024 - DBS Group achieved a record performance in 2023 as net profit rose 26% to SGD 10.3 billion. Return on equity climbed from 15.0% to a new high of 18.0%. Total income grew 22%, exceeding SGD 20 billion for the first time, driven by a higher net interest margin, a rebound in fee income and record treasury customer sales. Asset quality was resilient with specific allowances remaining low at 11 basis points of loans.

For the fourth quarter, net profit grew 2% from a year ago to SGD 2.39 billion. A 9% rise in total income to SGD 5.01 billion from higher net interest income and non-interest income resulted in a 7% increase in profit before allowances to SGD 2.80 billion. Total allowances of SGD 142 million were higher than a year ago when there had been a general allowance write-back. Compared to the previous quarter, net profit fell 9% due to a lower net interest margin and seasonally lower non-interest income.

Dividends and bonus issue

The Board proposed a final dividend of 54 cents per share for the fourth quarter, an increase of six cents from the previous payout. This brings the ordinary dividend for the financial full year to SGD 1.92 per share, an increase of 42 cents from the previous year.

In addition, the Board proposed a bonus issue on the basis of one bonus share for every existing 10 ordinary shares held. The bonus shares will qualify for dividends starting with the first-quarter 2024 interim dividend and will increase the pace of capital returns to shareholders. Barring unforeseen circumstances, the annualised ordinary dividend going forward will be SGD 2.16 per share over the enlarged share base, which represents a 24% increase from the SGD 1.92 per share for financial year 2023. Based on the closing share price on 6 February 2024, the post-bonus annualised dividend yield would be 7.5%.

The stepped-up capital returns reflect the Group’s strong capital position and are in line with the policy of paying sustainable dividends that rise progressively with earnings.

Corporate social responsibility (CSR) commitment

As part of a recently announced CSR commitment of up to SGD 1 billion over 10 years to support vulnerable communities, an inaugural contribution of SGD 100 million was set aside from the year's profits. The commitment aims to improve the lives of the underprivileged in DBS' key markets. The first initiative under this pledge was announced in December 2023 – a SGD 30 million partnership with Singapore’s Ministry of Social and Family Development to help underprivileged families with children living in rental flats.

One-time bonus for junior employees

In line with the latest guidelines issued by Singapore’s National Wages Council to help lower-income employees cope with higher costs of living, junior employees across the group, which make up half of total headcount, will each receive a one-time bonus. The aggregate payment of SGD 15 million was set aside in expenses for 2023.

Accountability for digital disruptions

The Board determined that the variable compensation for the CEO and other members of the Group Management Committee should be cut to hold them accountable for the series of digital disruptions during the year. Their 2023 variable compensation was collectively reduced by 21% from the previous year despite record 2023 profits. The CEO took a deeper cut of 30%, which amounted to SGD 4.14 million.

DBS has made a whole-of-bank effort and committed SGD 80 million to implementing its technology uplift and resilience roadmap. These efforts will enable the bank to better pre-empt disruptions to its services, provide customers with alternate channels for payments and account enquiries during disruptions, and shorten incident recovery time. Going forward, the bank will continue with its investments to sustain efforts to provide reliable services to customers.

Full-year performance

Commercial book net interest income rose 33% to a record SGD 14.3 billion as net interest margin expanded 65 basis points to 2.76% from higher interest rates. The improvement in net interest margin resulted from the repricing of assets with higher interest rates. Although deposit costs also increased, the pace was slower compared to asset yields.

Loans rose 1% or SGD 6 billion in constant-currency terms to SGD 416 billion. Excluding Citi Taiwan, which contributed SGD 10 billion, underlying loans fell 1% or SGD 4 billion. Trade loans accounted for most of the decline, falling 8% or SGD 3 billion due to lower activity and unattractive pricing. Non-trade corporate loans were stable at SGD 246 billion. Despite a healthy loan pipeline, rising interest rates led to higher repayments. In addition, there was a shift in China corporate borrowing to cheaper options onshore in the first half. Housing loans were little changed, with a 1% or SGD 1 billion growth in the fourth quarter offsetting a decline in the first nine months. Other consumer loans fell 2% or SGD 1 billion as wealth management customers repaid loans in a high interest rate environment.

Deposits rose 3% or SGD 13 billion to SGD 535 billion. Citi Taiwan contributed SGD 12 billion, while underlying deposits were stable. Casa outflows decelerated compared to the previous year and were replaced by fixed deposits.

Commercial book net fee income rose 9% to SGD 3.38 billion. Card fees grew 22% to a record SGD 1.04 billion from higher spending as well as the integration of Citi Taiwan. Wealth management fees increased 13% to SGD 1.51 billion, reflecting strong net new money inflows, a shift from deposits into investments and bancassurance, and contribution from Citi Taiwan. Fee income from other activities rose 4% as higher loan-related fees were partially offset by weaker transaction service fees as trade finance slowed.

Commercial book other non-interest income increased 18% to SGD 1.79 billion as treasury customer sales reached a record.

Treasury Markets total income declined 38% to SGD 725 million due to higher funding costs.

Expenses rose 14% to SGD 8.06 billion led by an increase in staff costs from salary increments and a higher headcount. Excluding Citi Taiwan and non-recurring technology and other costs, expenses rose 10% and the underlying cost-income ratio was 39%.

Profit before allowances grew 29% to a new high of SGD 12.1 billion.

 

DBS full-year net profit rises 26% to record SGD 10.3 billion, return on equity rises to 18.0%

 

Es gibt dazu keine Quellensteuer in Singapur. Durch die sinkenden Zinsen in diesem Jahr sollte man aber mit deutlich weniger Wachstum rechnen. 

 

 

[Wuppi]

vor 8 Stunden von Mithrandir77:

Durch die sinkenden Zinsen in diesem Jahr sollte man aber mit deutlich weniger Wachstum rechnen. 

Auf sinkende Zinsen würde ich nicht unbedingt setzen, zumindest nicht in dem Umfang wie noch vor 1-2 Quartalen vermutet wurde. Der DBS ist starkes Wachstum in Phasen ohne Zinsen gelungen, worin siehst du die besonderen Stärken dieser Bank? Habe mich zu wenig damit beschäftigt aber der Standort Singapur ist sicherlich interessant, auch für reiche Chinesen die ihr Geld vlt. nicht bei heimischen Banken liegen haben wollen.

[Mithrandir77]

Am 10.2.2024 um 21:10 von Wuppi:

Auf sinkende Zinsen würde ich nicht unbedingt setzen, zumindest nicht in dem Umfang wie noch vor 1-2 Quartalen vermutet wurde. Der DBS ist starkes Wachstum in Phasen ohne Zinsen gelungen, worin siehst du die besonderen Stärken dieser Bank? Habe mich zu wenig damit beschäftigt aber der Standort Singapur ist sicherlich interessant, auch für reiche Chinesen die ihr Geld vlt. nicht bei heimischen Banken liegen haben wollen.

Aus Hongkong ist schon viel Geld nach Singapur geflossen. Schwer abzuschätzen ob da noch mehr kommt.

 

Hatte mich von den drei Großbanken erstmal für DBS entschieden wegen dem Indiengeschäft  und der höheren Marktkapitalisierung. UOB schaue ich mir aber auch nochmal an.

Singapore Bank DBS: A Blueprint For Digital Transformation In Finance

das Thema Digitalisierung ist natürlich heute auch sehr wichtig

 

 

Investing In Singapore Bank Stocks: Is Now The Time? | Money Mind | Stocks

[Mithrandir77]

DBS quarterly results trounce forecasts, another record year expected

 

Zitat

Singapore’s biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year’s record result.

Citing robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), compared with market expectations for a 3.5% decline.

Shares in DBS climbed 3% in morning trade.

Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year’s net interest income to be around 2023 levels. Last year, DBS reported record profit of S$10.3 billion.

“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.

“We are optimistic that total income and earnings will be better than previously guided and we will be able to deliver another year of strong shareholder returns,” he added.

 

DBS Group CEO: Better outlook for our net interest margins if the Fed keeps rates on hold

 

(Bonusaktien wurden auch am Dienstag eingebucht)

[Mithrandir77]

DBS boosts digital asset push with first stablecoin tie-up

 

Zitat

DBS will, for the first time, custody stablecoin reserves and offer related cash management services, in a tie-up with the local unit of cryptocurrency issuer Paxos.

The lender said the development deepens its wide-ranging involvement in the digital asset ecosystem, making the announcement after Paxos’ operation in the country received a licence from the Monetary Authority of Singapore.

“We look forward to partnering leading stablecoin issuers for their cash management and reserve custody needs if they meet the regulatory requirements,” Evy Theunis, head of digital assets at the institutional banking group at DBS, said on Tuesday (Jul 2).

 

[Mithrandir77]

Picked after decade-long succession process, Tan Su Shan will be DBS' first female CEO

 

Zitat

SINGAPORE: When veteran banker Tan Su Shan takes the helm of DBS, she will be the first female chief executive officer of Singapore's largest bank.

Ms Tan, 56, is currently head of the DBS’ institutional banking group. She will take the top job when Mr Piyush Gupta, 64, retires in March 2025 after 15 years as CEO.

"STRONG TRACK RECORD"

Mr Thilan Wickramasinghe, Maybank Securities' head of research in Singapore and regional head of financials, said Ms Tan has "a very strong track record of experience".

One major challenge Ms Tan has to tackle is structural slowdown in North Asia, particularly China and Hong Kong where about a third of DBS' book is, he told CNA's Asia First programme on Thursday.

This also comes as the world expects interest rates "to be coming off on a full-blown scale", with the United States Federal Reserve expected to cut rates soon.

"Managing the banking business, which has enjoyed phenomenal margin growth over the past couple of years, to a point where margins are going to start to come down - that will be one of the key challenges that she will need to manage," Mr Thilan said.

DBS net profit up 4% to S$2.8 billion in Q2, beats forecast

[Mithrandir77]

DBS stock jumps on $3b share buyback plan, record $3.03b quarterly profit

 

Zitat

DBS forecast 2025 net profit to be below 2024 levels due to a 15 per cent global minimum corporate tax being introduced by Singapore from January and imposed on multinational companies including DBS. Pre-tax profit and group net interest income will be around 2024 levels, according to Mr Gupta’s observation slides accompanying the results. 

Net interest margin will see a slight decline that could be mostly offset by loan growth, he added. 

Non-interest income for the commercial book will grow at “high-single digits” next year, led by wealth management fees and treasury customer sales, he said. 

DBS, which is South-east Asia’s biggest bank, announced a quarterly dividend of 54 cents per share, up from 48 cents declared the same quarter a year ago. The third-quarter dividend will be paid out on or about Nov 25.

The bank announced that its board had established a new share buyback programme of $3 billion.

Similar to other firms, DBS periodically buys back its stock in the open market. This is the first time, however, that repurchased shares will be cancelled. Post-buyback, DBS will retain about $6 billion in excess capital, according to Bloomberg Intelligence analyst Rena Kwok.

“The new buyback programme we announced today is underpinned by our strong capital position and ongoing earnings generation, and it is another affirmation of our commitment to capital management,” Mr Gupta said.

He said there is no timeframe for the buybacks to take place and the programme could take “a few years to do”.

He added that “any time is a good time”, given DBS’ strong fundamentals but noted that the bank will be thoughtful and prudent about when it chooses to buy back its shares.

DBS said the programme is expected to provide a “permanent lift” to its earnings per share as well as return on equity.

Asked why the bank opted for a buyback instead of paying out the excess capital to shareholders via a special dividend, deputy CEO Tan Su Shan, who will take over from Mr Gupta in March 2025, said: “The buyback programme expands our toolkit for capital management. The considerable amount of capital we have returned in recent years has been a distinguishing hallmark that remains well-supported by our financial strength.”

 

Exclusive-Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say

 

Zitat

SINGAPORE (Reuters) - Singapore's biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia's smallest banks by assets, two sources said.

DBS is exploring a purchase of Singapore state investor Temasek's 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a slice currently valued at about $460 million.

Other options for expanding into Malaysia include buying Kuwait Finance House's Malaysian retail banking assets, worth more than $500 million and which have been put up for sale, one of the sources said.

Deliberations are in very early stages, however, the sources said, and any formal negotiations for an acquisition of a stake in a Malaysian bank would need approval from the Malaysian central bank, or Bank Negara Malaysia.

 

DBS is the only Singaporean bank without a retail banking presence in Malaysia. Local rivals Oversea-Chinese Banking Corporation and United Overseas Bank both have retail banking operations in Malaysia.

DBS' plan to foray into Malaysia comes amid improving economic prospects for the Southeast Asian nation, with new infrastructure projects and investments expected to result in a surge in credit growth.

 

 

[Mithrandir77]

Alliance Bank Malaysia’s top shareholder Vertical Theme said to be mulling sale to DBS

 

Zitat

INVESTMENT management firm Vertical Theme is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia, according to people familiar with the development.

Vertical Theme, a Malaysian holding company, is considering selling its roughly 29 per cent stake in Alliance Bank to Singapore’s biggest lender, DBS, the people said, asking not to be identified because the deliberations are private.

Under local rules, Vertical Theme needs to submit an application to Malaysia’s central bank to start any talks. If a deal goes through, DBS may consider raising its stake in Alliance to up to 49 per cent via a voluntary partial general offer, the people said.

Alliance Bank shares rose as much as 1.2 per cent in Kuala Lumpur on Thursday (Jan 16). The lender has a market value of around US$1.7 billion. DBS climbed up to 1.3 per cent. The Singaporean lender has a market value of US$91 billion.

A deal for Alliance would give DBS a foothold in Malaysia, where Singaporean rivals Oversea-Chinese Banking Corp and United Overseas Bank already have an established presence.

Singaporean state investor Temasek Holdings owns 49 per cent of Vertical Theme via Duxton Investment & Development, while the remainder is held by RRJ Capital founder Richard Ong, hotelier Ong Beng Seng and corporate adviser Seow Lun Hoo through Langkah Bahagia.

 

[Mithrandir77]

DBS to reward staff with $1,000 special bonus, plans new quarterly capital return dividend in 2025

 

Zitat

South-east Asia’s largest bank by assets said it achieved a record performance in 2024 as full-year net profit rose 11 per cent to $11.4 billion, with return on equity at 18 per cent.

DBS shares jumped $1.70, or 3.8 per cent, crossing $46 for the first time to hit $46.38 shortly after trading opened on Feb 10.

At the close, DBS was up 70 cents or 1.6 per cent at $45.38, while OCBC Bank rose 0.35 per cent to $17.39 and UOB gained 1 per cent to $37.77.

DBS’ latest bonus payments are expected to cost the bank a total of $32 million.

 

It said it plans to pay a final dividend of 60 cents per share for fourth quarter 2024, up from the year-ago payout of 54 cents. This brings its ordinary dividend for the full year to $2.22 per share or $6.31 billion – an increase of 27 per cent from a year earlier.

DBS also plans to introduce a capital return dividend of 15 cents per share per quarter in financial year 2025, as a first step to managing down the stock of excess capital over the coming three years.

In the subsequent two years, DBS said it expects to pay out a similar amount of capital either through this or other mechanisms, barring unforeseen circumstances.

“The board will continue to consider all forms of returning capital,” DBS said.

Outgoing DBS chief executive Piyush Gupta said he is confident about the bank’s outlook. “While macroeconomic and geopolitical uncertainties persist, the franchise and digital transformations carried out over the past decade position us well to continue delivering healthy returns,” he said in a statement.

Analysts have said banks’ earnings could take a hit this year, with global economic growth threatened by US President Donald Trump’s trade tariffs and other policies.

But for 2025, DBS expects group net interest income to slightly surpass 2024 levels based on market expectations of two US rate cuts in the second half of 2025.

The bank projects commercial book non-interest income growth to be in high-single digits, led by growth in wealth management fees and treasury customer sales.

“We are expecting a lot more volatility, in markets, rates and forex, as a result of announcements from the Trump administration,” said DBS deputy CEO Tan Su Shan, who will be taking over from Mr Gupta when he retires in March.

Speaking at DBS’ results briefing, Ms Tan said: “We have to take a view and then be guided by longer-term trends. While there will be reactions around some of the tariffs – at least for our markets in Asia, especially in China and South-east Asia – the countries here are looking to be more resilient internally and to look at more intra-regional trade.

“Though we will stress test our portfolio, there will be inflation, which may keep rates higher for longer. If so, there might be some stressors in the SME (small and medium-sized enterprises) book or in the consumer book that we have to be ahead of and be risk aware.”

The bank expects pre-tax profit in 2025 to be around 2024 levels but net profit to fall below this due to a global minimum tax of 15 per cent, which comes into effect for large Singapore multinational companies this year.

In the fourth quarter under review, DBS’ net interest margin (NIM), a key profitability gauge, rose to 2.15 per cent from 2.13 per cent in the same period a year earlier.

Commercial book net interest income rose 5 per cent to $3.83 billion thanks to the higher NIM and balance sheet growth.

Commercial book net fee income increased 12 per cent to $968 million, driven by growth in wealth management fees, as well as higher card, transaction service and investment banking fees.

Loan-related fees declined 11 per cent.

 

 

[Mithrandir77]

DBS Q1 profit down 2% but beats estimates; CEO says loan demand in first half of 2025 to stay strong

 

Zitat

SINGAPORE - DBS warned of heightened uncertainty arising from US President Donald Trump’s trade war and tariff actions, but said it would stay nimble to capture opportunities and manage risks.

Singapore’s largest bank on May 8 posted a 2 per cent fall in net profit for the first quarter to $2.89 billion.

While this was the lender’s first year-on-year drop in earnings since the first quarter of 2022, it beat the $2.87 billion forecast by analysts in a Bloomberg poll.

The drop was due to higher tax expenses from the implementation of a 15 per cent global minimum tax in January, said DBS. Pre-tax, profit hit a record $3.44 billion, up 1 per cent from a year ago.

In the light of tariff uncertainties, general allowances of $205 million were taken as a prudent measure to strengthen general provision reserves.

The bank’s return on equity (ROE) was 17.3 per cent, down from 19.4 per cent a year ago.

In fact, DBS will likely benefit from shifts in trade and supply chains, as intra-regional trade within Asia and Asia’s trade with the Middle East and Europe pick up, said Ms Tan.

“The good news is that trade outside the US still remains pretty robust, and you work towards that shift in focus from just selling to the US or the West to looking at trade flows outside the US.”

DBS is projecting a loan growth of 5 per cent to 6 per cent in 2025, but that depends on loan demand in the second half of 2025, said Ms Tan.

The bank expects loan demand in the first half of 2025 to stay strong, but cautioned that it may soften if the trade war continues.

The bank declared a total dividend of 75 cents per share for the first quarter, comprising an ordinary dividend of 60 cents (up from 54 cents a year ago) and a capital return dividend of 15 cents.

DBS shares closed 0.8 per cent up at $43.09 on May 8 after an intraday high of $43.72.

During the quarter, it commenced share buyback under the $3 billion programme announced in November 2024. So far, about $260 million of shares, representing around 9 per cent of the programme, has been bought back, the bank said.

Its commercial book net interest income rose 2 per cent year on year to $3.72 billion, as a nine-basis-point decline in net interest margin was more than offset by balance sheet growth.

Net fee income increased 22 per cent to $1.28 billion as wealth management fees grew on strong market sentiment and higher assets under management, while loan-related fees rose with increased activity.

 

 

[Mithrandir77]

DBS scores hat-trick win including ‘World’s Best Bank’ by Euromoney

 

Zitat

DBS Group Holdings has won three awards at the Euromoney Awards for Excellence 2025.

This includes receiving the “World’s Best Bank” accolade for the third time since 2019. DBS was also recognised as the “World’s Best Bank for Customer Experience” for the first time and “World’s Best Bank for Corporate Responsibility” for the second time.

In FY2024 ended Dec 31, 2024, DBS reported total income of $22.3 billion and net profit of $11.4 billion, both records for the bank. The bank’s return on equity (ROE) for the year stood at 18%, which is one of the highest among the developed market banks. DBS hit a milestone $100 billion cap in May 2024 and topped the US$100 billion market ($129.2 billion).

“At a time of economic uncertainty and rapid technological change, DBS stands out for its future-forward approach, focus on trust and reliability, and proven ability to realise value from technology investments,” says Dominic O’Neill, head of banking, Euromoney, in its award citation.

“The bank’s agile-at-scale transformation has shown fruits in revenues and customer satisfaction, and low staff turnover rates are a result of investing in its employees throughout their careers, and of an underlying sense of purpose, including to social and environment causes,” he adds.

DBS, which has also continued to engage its customers through several initiatives including artificial intelligence (AI)-powered personalised nudges, has also showed how banks can “steer their organisations towards excellence in customer service”.

 

[Stoxx]

Am 10.2.2024 um 12:26 von Mithrandir77:

Seit letztem Jahr im Depot als Ersatz für einen Emerging Markets Fond. 

 

[Stoxx]

Was mich an der DBS stört, ist die starke Zins-Abhängigkeit. Letztendlich ist sie eine Bank und keine Holding wie bspw. Berkshire.

[Mithrandir77]

vor 12 Minuten von Stoxx:

Was mich an der DBS stört, ist die starke Zins-Abhängigkeit. Letztendlich ist sie eine Bank und keine Holding wie bspw. Berkshire.

Global Banks: Well-Prepared for Rate Cut Cycle
sieht DBS für die Branche nicht als grosses Problem an...

 

Imminent Interest Rate Cut: Is It Time to Sell Singapore Banks?  

 

[Stoxx]

Hatte mir erst als 'Asien-Play' den Fidelity Asian Smaller Companies Fund rausgesucht. Im Vergleich mit der DBS Group schneidet der Fund langfristig (in der Retroperspektive) schlechter ab. Finanzunternehmen sind im Fund mit knapp 17% gewichtet. Interessant könnte es sein, wenn die Zinsen angepasst werden.

Fidelity_Asian_Smaller_Companies_Fund.pdf

[Mithrandir77]

vor 1 Stunde von Stoxx:

Hatte mir erst als 'Asien-Play' den Fidelity Asian Smaller Companies Fund rausgesucht. Im Vergleich mit der DBS Group schneidet der Fund langfristig (in der Retroperspektive) schlechter ab. Finanzunternehmen sind im Fund mit knapp 17% gewichtet. Interessant könnte es sein, wenn die Zinsen angepasst werden.

Fidelity_Asian_Smaller_Companies_Fund.pdf 234 kB · 1 Download

 

der normale iShares Emerging Markets ETF war über die letzten drei Jahre nicht schlechter und hat niedrigere Gebühren...gehört aber in einen anderen Thread 

ich hab den ETF auch noch, aber einen teuren Fond eben für DBS eingetauscht...wollte auch die Dividendeneinnahmen erhöhen...weiss ja nicht ob das für dich eine Rolle spielt

mittlerweile habe ich alle drei Banken aus Singapur, aber DBS ist und bleibt davon die grösste Position

 

[Mithrandir77]

DBS shares hit $50 after Q2 profit beats forecast on strong wealth fees, trading income

 

Zitat

SINGAPORE – Shares of DBS hit a new high on Aug 7 as Singapore’s largest bank reaffirmed its full-year outlook after posting a better-than-expected 1 per cent rise in earnings for the second quarter of 2025. 

Net profit for the three months to June 30 was $2.82 billion, up from $2.8 billion in the year-ago period, beating the $2.79 billion forecast by analysts in a Bloomberg poll.

The bank declared an interim dividend of 60 cents a share and a capital return dividend of 15 cents a share. This brings the quarter’s total dividend payout to 75 cents a share, up from the 54 cents in the year-ago period.     

 

DBS said that it has bought back about $370 million worth of shares under the $3 billion share buyback plan so far, representing around 12 per cent of the programme.

Its shares hit a record intra-day high of $50 at around 3.30pm on Aug 7, up 2.4 per cent. The stock closed trading 1.8 per cent higher at $49.75.

DBS chief executive officer Tan Su Shan said at a results briefing that it was a “tough” quarter, given tariff uncertainties and falling interest rates, but the bank mitigated these headwinds with balance sheet management and deposit volume growth.     

DBS maintained its 2025 targets – which include group net interest income to come in at slightly above 2024 levels, commercial book non-interest income growth to be in the mid- to high single digits, and net profit to be below 2024 levels.   

Ms Tan explained that the bank projected net interest income in 2025 to exceed 2024 levels despite declining interest rates as higher volumes can drive net interest income growth.

“Focus on net interest income. Don’t focus on net interest margin, because it will go down with the markets, but net interest income can go up with volumes and that’s how you mitigate that. That will keep you resilient and hopefully keep you ahead,” she said.  

She expects deposit growth and non-trade loans in sectors such as data centres to drive a significant portion of net interest income growth for the rest of the year.

DBS is also beginning to see deals, especially those that were put on pause in the second quarter due to uncertainty, come back.

On US President Donald Trump’s doubling of tariffs on India’s goods to 50 per cent, Ms Tan said that the first-order impact on DBS is “almost negligible”, given that the bank is not geared into sectors that will be affected, such as textiles, jewellery and apparel. 

Interest rate volatilities also offer opportunities for corporate clients to hedge, she said. “We are seeing that happening right now... for example, when rates come down, you lock in a lower fixed rate.”

Ms Tan said: “Building resiliency in your balance sheet, building resiliency in your operating income, but continuing the structural growth path of things like wealth management, global transaction services, digitalisation, et cetera, means you can mitigate these market volatilities.”

For the second quarter, the bank’s commercial book net interest income fell 4 per cent to $3.63 billion. This came as net interest margin declined 28 basis points to 2.55 per cent from 2.83 per cent a year earlier as interest rates trended lower.

The impact of lower interest rates, though, was mitigated by balance sheet hedging and partly offset by strong deposit growth, which funded loans and an increased deployment into liquid assets. 

Customer deposits grew 4 per cent to nearly $574 billion in the quarter from $551 billion a year ago. Loans rose 2 per cent to $433 billion, led by non-trade corporate loans from broad-based growth across industries. 

Ms Tan said deposits continued to grow in July and the bank expects the momentum to continue for the rest of the year.

The bank also improved its non-performing loan ratio to 1 per cent from 1.1 per cent in the quarter. 

Ms Tan noted that DBS’ second-quarter net profit was boosted by strong wealth fees, treasury sales and trading income.

Net fee and commission income in the quarter grew 11 per cent to $1.17 billion from $1.05 billion a year earlier, led by the wealth management segment, which saw fees surge to $649 million in the quarter, up from $518 million a year earlier. 

Treasury customer sales and other income increased 9 per cent to $522 million from $478 million a year ago.

Markets trading income soared 124 per cent to $418 million from $187 million a year ago, thanks to lower funding costs and a more conducive trading environment.

Ms Tan added that customers are looking to diversify into Asian currencies, while initial public offerings in markets such as Hong Kong and Singapore have driven a flow of funds back into Asian markets and wealth management.

The bank also observed a growing trend of people exploring estate planning, regardless of their wealth.

The bank’s first-half net profit fell 1 per cent to $5.72 billion from $5.76 billion a year ago.

Net interest income in the first half fell 1 per cent to $7.34 billion from $7.42 billion, weighed by lower interest rates.

Net fee and commission income, a key component of a bank’s non-interest income, was up 17 per cent to $2.44 billion in the first half from $2.09 billion.

Return on equity fell to 16.7 per cent in the second quarter from 18.2 per cent in the same period a year ago.

 

[Mithrandir77]

DBS’ plan to buy stake in Malaysia’s Alliance Bank said to have stalled

 

Zitat

KUALA LUMPUR - DBS Group Holdings’ plan to buy a stake in Alliance Bank Malaysia has stalled as Singapore’s biggest bank has yet to get regulatory approval to commence talks, according to people with knowledge of the matter. 

DBS and Alliance Bank’s largest shareholder Vertical Theme submitted separate applications to Malaysia’s central bank about eight months ago but have not heard back from the regulator, said the people. Local rules require them to seek approval to start discussions.

Bloomberg News reported in January that Vertical Theme – a Malaysian holding company backed by Singapore state investor Temasek – was considering selling its 29 per cent stake in Alliance Bank to DBS.     

If a deal goes through, DBS may want to raise its stake in Alliance Bank to as much as 49 per cent via a voluntary partial general offer, the people said. Malaysia currently caps foreign ownership of commercial banks at 30 per cent, but there has recently been talk of the government relaxing the limit in some sectors, the people said.

A deal for the Alliance Bank stake is unlikely to proceed if DBS cannot get a green light to buy as much as 49 per cent of the Malaysian lender, one of the people said.

Considerations are ongoing and no final decisions have been made, the people said. Representatives for DBS and Vertical Theme’s backers declined to comment, while Alliance Bank said it had no knowledge on the matter.    

 

Applications concerning the shareholding of licensed banks, including those submitted by foreign entities, are assessed in accordance with the relevant provisions under the Financial Services Act 2013 and the Islamic Financial Services Act 2013, Bank Negara Malaysia said in a statement in response to queries from Bloomberg News.

A stake in Alliance Bank would give DBS a wider footprint in Malaysia, where Singapore rivals OCBC Bank and UOB already have an established presence. DBS Bank is South-east Asia’s largest bank by total assets.   

 

[Stoxx]

Finde die DBS Group als Asien-Play nach wie vor gut. Im Gespann mit Berkshire Hathaway, Investor AB, Brookfield, Jardine Matheson und Reliance Industries deckt man ausserhalb der ETF-Welt den gesamten Globus ab.

[west263]

interessante Aktie, ist mir schon mal irgendwie über den Weg gelaufen aber nicht hängengeblieben

 

 

[Mithrandir77]

dieser Kanal hatte vor zwei Jahren schonmal ein Video zu DBS (meine das hatte ich auch mal gesehen) 

 

[Mithrandir77]

DBS reports 1% profit before tax growth and maintains healthy dividend payout: Our Quick Take

 

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DBS reported profit before tax of S$3.48 billion in 3Q 2025, an increase of 1% year-on-year. The bank also announced an ordinary dividend of S$0.60 and a Capital Return dividend of 15 cents per share for 3Q 2025.

 

DBS 3Q25 earnings and dividend highlights

DBS has announced its earnings for third quarter of 2025. Key highlights include:

Q3 2025 pre-tax profit: SGD 3.48 billion (+1% year-over-year)

Q3 2025 net profit: SGD 2.95 billion (-2% year-over-year)

9-month 2025 profit: SGD 8.68 billion (-1% year-over-year)

Interim dividend of 60 cents per share for 3Q 2025

Capital Return dividend of 15 cents per share for 3Q 2025      

 

Beansprout’s Quick Take on DBS earnings

DBS' share price gained 4% to reach a record high of $55.55 following the announcement of the results, reflecting the resilient set of results reported as record fee income has helped to to offset softer net interest margins. 

This continues the trend where DBS has outperformed UOB and OCBC so far this year.   

The continued strength in wealth management and treasury income demonstrates the success of DBS’s diversified business model.

The steady 75-cent quarterly dividend reflects management’s confidence in sustainable capital returns.

Based on an annualised ordinary dividend of S$2.40 and capital return of S$0.60, the total potential full-year dividend of S$3.00 implies a 5.6% dividend yield based on the closing price of S$53.50 (as of 5 Nov 2025).

This remains above DBS’s historical average yield and ahead of peers UOB and OCBC, underscoring DBS’s strong shareholder returns despite rate normalisation.