RXU
04-29 08:09
No..DBS could very well post a solid, respectable report but that might not be enough to carry past $60. Not when war is stalled and the spillover effect is not fully known or materialised yet. the mood likely remain cautious. Further pressure of NIM is real and a focus. profit-taking at $60 more likely rather than a clean break above
DBS Beats! $60 is Coming in May?
DBS reported Q1 2026 results with net profit of S$2.93B (+1% YoY), beating the Bloomberg consensus of S$2.88B. Shares closed +3.4% at S$58.50. Non-interest income and wealth management fees both hit all-time highs. Dividend raised to S$0.81/share from S$0.75 a year earlier. In a lower-rate world, DBS proved the model works — just not the way the market expected. Up next: UOB (May 7) and OCBC (May 8). Are you bullish on DBS hitting $60 in May? Does DBS earnings signal a good start for the other two?
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