DBS Shares Still Seem to be Core Holdings Despite Premium Valuation

Dow Jones07-14

0800 GMT - DBS Group's shares still appear to be core holdings for investors thanks to the lender's wealth franchise and attractive yield, despite its premium valuation, says RHB Research's Singapore Research team in a note. Noninterest income likely boosted 2Q operating income and cushioned net-interest income pressure, it says. Its profit after tax and minority interests could rise by a low single-digit percentage on year but its earnings growth on quarter could be flattish due to a higher 1Q base, the analysts say. They expect the bank's 2026-2028 dividend yield at 4.1%-4.6%. RHB raises its target price to 75.70 Singapore dollars from S$66.10 and maintains a buy rating. Shares are 1.7% higher at S$71.99 after earlier touching a record intraday high of S$72.23. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 14, 2026 04:00 ET (08:00 GMT)

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Noninterest income likely boosted 2Q operating income and cushioned net-interest income pressure, it says. Its profit after tax and minority interests could rise by a low single-digit percentage on year but its earnings growth on quarter could be flattish due to a higher 1Q base, the analysts say. They expect the bank's 2026-2028 dividend yield at 4.1%-4.6%. RHB raises its target price to 75.70 Singapore dollars from S$66.10 and maintains a buy rating. Shares are 1.7% higher at S$71.99 after earlier touching a record intraday high of S$72.23. 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