DBS 2026 Earnings: Ceiling Smash Or Ultimate Launchpad?

🌟🌟🌟The stage is set for a historic Monday on February 9 2026 for $DBS(D05.SI)$    As the undisputed Alpha of Singapore banking prepares to unveil its latest earnings report, the market is holding its breath.  We are not just looking at a balance sheet, we are witnessing the evolution of a financial fortress that has redefined global excellence.

Is SGD 60 the ceiling? Or are we standing on the edge of a new launchpad to SGD 70?

Why JPMorgan Set A SGD 70 Target 

The smart money is aiming for the sky.  JPMorgan analysts Harsh Wareham Modi and Daniel Tan maintained a conviction price target of SGD 70.00, an upside potential of 18% in their recent reports.  Their bullish stance is built on 3 pillars:

Global Portfolio Essential:  JPMorgan views DBS as one of the few Asian financial stocks that is an essential "must hold" for global investors.

Structural Re-rating: Analysts believe the market still under appreciates DBS's multi year shift toward lower loan intensity and higher fee based wealth management.  They forecast a significant improvement in value creation that could eventually make the stock  "unjustifiably expensive".

Resilient Income: They predict that DBS's strong deposit franchise will allow it to sustain Net Interest Income growth over the next 5 years, even as global rates shift.

Technical Analysis: Testing the SGD 60 Barrier

The charts show a titan testing its limits.  DBS closed at SGD 59.30 on 6 February 2026, just below its all time high of SGD 60.00.

The Psychological Level :  After hitting SGD 60 on 29 January, the stock entered a minor retracement.  Analysts are watching for a daily close above this level to signal the next leg of the rally.

Key Supports : In the event of  a "Sell on news" pullback, strong support is expected at SGD 57.40 and SGD 57.25.

Momentum: The share price remains comfortably above its 200 day moving average of SGD 58.78, confirming the long term uptrend is intact.

DBS : The Dividend King, Compounding At Scale

For income seekers, Management has guided for a total quarterly dividend of SGD 0.81 per share (0.66 cents ordinary and 0.15 capital return) totalling SGD 3.24 annually.

Yield : At current prices, this translates to a 5.5% yield.  JPMorgan predicts this best in class commitment could even see dividends reach SGD 3.30 in the coming years.

Monday Morning : The Bull vs Bear Scenario

Q4 25 Net Profit : 

Bull: Greater than SGD 2.4 billion driven by explosive wealth management fees. 

Bear: Less than SGD 2.2 billion due to seasonality and margin squeeze hitting harder than expected. 

Dividend Hike :

Bull: CEO reaffirms the path to 0.81 cents for the quarter. 

Bear: Cautionary guidance on dividends being tempered by macro uncertainty. 

AUM Growth :

Bull: Skyrocketing as wealth fees continue to do the heavy lifting (+30% YoY) 

Bear: Stagnant as market volatility slows client capital inflows. 

The Power Of The Long Game 

DBS has the awards, the balance sheet and the momentum to turn SGD 60 from a resistance level into a permanent floor. 

On a personal note, my conviction in DBS has been rewarded with a 154% gain by holding firm for over 4 years.  This is the true power of compounding in action. 

As the late Charlie Munger famously said :

"The Big Money is not in the Buying and Selling but in the Waiting." 

For those of us who have waited patiently, the rewards are just getting started. 

Monday isn't just about a quarterly report.  It is about the continued ascent of DBS$DBS(D05.SI)$  Singapore's best, as it cements its place in history as a legendary global powerhouse. 

Go Long Go Strong Go DBS! 🥰🥰🥰🇸🇬🇸🇬🇸🇬🌈🌈🌈💰💰💰

@Tiger_SG  @Tiger_comments  @TigerStars  @TigerClub  @CaptainTiger