Great-To The Moon - Tiger Brokers Online Investing Community - To The Moon

2
Comment
Favorite

Barbarazhao
05-02

Great

DBS Sees Net Profit Rising This Year After Q1 Beats Forecasts

SINGAPORE, May 2 (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total income growth.($1 = 1.3600 Singapore dollars)

DBS Sees Net Profit Rising This Year After Q1 Beats Forecasts

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

2

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":301403743883360,"tweetId":"301403743883360","gmtCreate":1714604318656,"gmtModify":1714604322294,"author":{"id":3576888762442253,"idStr":"3576888762442253","authorId":3576888762442253,"authorIdStr":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.02.01","exceedPercentage":"80.08%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":123,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Great</p></body></html>","htmlText":"<html><head></head><body><p>Great</p></body></html>","text":"Great","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/301403743883360","repostId":1104496036,"repostType":4,"repost":{"id":"1104496036","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1714603698,"share":"https://www.laohu8.com/m/news/1104496036?lang=&edition=full","pubTime":"2024-05-02 06:48","market":"sg","language":"en","title":"DBS Sees Net Profit Rising This Year After Q1 Beats Forecasts","url":"https://stock-news.laohu8.com/highlight/detail?id=1104496036","media":"Reuters","summary":"SINGAPORE, May 2 (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total income growth.($1 = 1.3600 Singapore dollars)","content":"<html><head></head><body><ul style=\"\"><li><p>Q1 net profit rises to S$2.69 bln vs S$2.48 bln estimate</p></li><li><p>Net interest margin climbs to 2.14%</p></li><li><p>Return on equity hits record high of 19.4%</p></li><li><p>DBS declares dividend of 54 Singapore cents per share</p></li></ul><p>SINGAPORE, May 2 (Reuters) - Singapore&#39;s biggest bank DBS Group expects its net profit this year to grow from 2023, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth.</p><p>Total income growth was projected to be 1 to 2 percentage points above previous guidance of the mid-single-digits, according to DBS CEO Piyush Gupta&#39;s outlook observations slides accompanying the results.</p><p>Group net interest income is expected to be modestly better than 2023 levels, he said in the slides.</p><p>Commercial book non-interest income growth was expected to be in the mid-to high teens percent on better-than-expected momentum in wealth management and treasury customer sales, according to the slides.</p><p>DBS, the first Singapore lender to report this earnings season, said January-March net profit rose to S$2.96 billion ($2.18 billion) from S$2.57 billion a year earlier on the back of a stable net interest margin, higher fee income and treasury customer sales.</p><p>This beat the mean estimate of S$2.48 billion from five analysts, LSEG data showed.</p><p>The quarterly net profit was the highest since the S$2.69 billion it reported in the second quarter of 2023.</p><p>Return on equity, or ROE, also hit a record high of 19.4% in the first quarter, up from 18.6% a year ago.</p><p>DBS, which is also Southeast Asia&#39;s biggest lender, announced a dividend of 54 Singapore cents per share for the first quarter.</p><p>DBS&#39;s net interest margin, a key profitability gauge, rose slightly to 2.14% during the quarter from 2.12% a year earlier.</p><p>($1 = 1.3600 Singapore dollars)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS Sees Net Profit Rising This Year After Q1 Beats Forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS Sees Net Profit Rising This Year After Q1 Beats Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-05-02 06:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Q1 net profit rises to S$2.69 bln vs S$2.48 bln estimate</p></li><li><p>Net interest margin climbs to 2.14%</p></li><li><p>Return on equity hits record high of 19.4%</p></li><li><p>DBS declares dividend of 54 Singapore cents per share</p></li></ul><p>SINGAPORE, May 2 (Reuters) - Singapore&#39;s biggest bank DBS Group expects its net profit this year to grow from 2023, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth.</p><p>Total income growth was projected to be 1 to 2 percentage points above previous guidance of the mid-single-digits, according to DBS CEO Piyush Gupta&#39;s outlook observations slides accompanying the results.</p><p>Group net interest income is expected to be modestly better than 2023 levels, he said in the slides.</p><p>Commercial book non-interest income growth was expected to be in the mid-to high teens percent on better-than-expected momentum in wealth management and treasury customer sales, according to the slides.</p><p>DBS, the first Singapore lender to report this earnings season, said January-March net profit rose to S$2.96 billion ($2.18 billion) from S$2.57 billion a year earlier on the back of a stable net interest margin, higher fee income and treasury customer sales.</p><p>This beat the mean estimate of S$2.48 billion from five analysts, LSEG data showed.</p><p>The quarterly net profit was the highest since the S$2.69 billion it reported in the second quarter of 2023.</p><p>Return on equity, or ROE, also hit a record high of 19.4% in the first quarter, up from 18.6% a year ago.</p><p>DBS, which is also Southeast Asia&#39;s biggest lender, announced a dividend of 54 Singapore cents per share for the first quarter.</p><p>DBS&#39;s net interest margin, a key profitability gauge, rose slightly to 2.14% during the quarter from 2.12% a year earlier.</p><p>($1 = 1.3600 Singapore dollars)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104496036","content_text":"Q1 net profit rises to S$2.69 bln vs S$2.48 bln estimateNet interest margin climbs to 2.14%Return on equity hits record high of 19.4%DBS declares dividend of 54 Singapore cents per shareSINGAPORE, May 2 (Reuters) - Singapore's biggest bank DBS Group expects its net profit this year to grow from 2023, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth.Total income growth was projected to be 1 to 2 percentage points above previous guidance of the mid-single-digits, according to DBS CEO Piyush Gupta's outlook observations slides accompanying the results.Group net interest income is expected to be modestly better than 2023 levels, he said in the slides.Commercial book non-interest income growth was expected to be in the mid-to high teens percent on better-than-expected momentum in wealth management and treasury customer sales, according to the slides.DBS, the first Singapore lender to report this earnings season, said January-March net profit rose to S$2.96 billion ($2.18 billion) from S$2.57 billion a year earlier on the back of a stable net interest margin, higher fee income and treasury customer sales.This beat the mean estimate of S$2.48 billion from five analysts, LSEG data showed.The quarterly net profit was the highest since the S$2.69 billion it reported in the second quarter of 2023.Return on equity, or ROE, also hit a record high of 19.4% in the first quarter, up from 18.6% a year ago.DBS, which is also Southeast Asia's biggest lender, announced a dividend of 54 Singapore cents per share for the first quarter.DBS's net interest margin, a key profitability gauge, rose slightly to 2.14% during the quarter from 2.12% a year earlier.($1 = 1.3600 Singapore dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":330,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}