Lanceljx
04-29 17:56

1) Closing price (Friday): SGD 51
DBS Bank has been resilient on strong NIM, wealth inflows, and capital return appeal. Unless guidance disappoints sharply, downside may be cushioned.

2) Q1 net profit beat estimate?
Yes, slight beat is my lean. Higher fee income and treasury contribution could offset some margin compression concerns.

Key watchpoint: forward guidance.
A beat with softer outlook can still pressure shares. A beat + confident FY guidance could push DBS higher.

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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