I think $60 this week is possible, but it probably needs both a solid result and a reassuring tone on guidance.
At these levels, I’d be watching whether the market focuses more on net interest margin pressure or on the strength of the broader franchise and wealth management business.
My first reaction is that DBS can still deliver a respectable result, but getting through $60 convincingly may depend on whether management gives investors enough confidence that earnings quality remains strong from here.
[Game] Can DBS Close Above $60 This Week?
@Tiger_SG：$DBS(D05.SI)$ reports Q1 2026 results this Thursday, April 30. The stock has pulled back from its record highs since the FY2025 earnings miss in February — when DBS posted net profit of S$11.033B, falling short of the Bloomberg consensus of S$11.375B and down 3% YoY. 4Q FY2025 net profit of S$2.358B also came in 10% below the prior year. Now heading into Q1, the bar has been set lower. But can DBS clear it? What analysts expect for Q1 FY2026 Net profit consensus: S$2.78B (−4.0% YoY) — Visible Alpha poll Total income: S$5.85B (−1.0% YoY) Three things to watch NIM compression continues. CGS International forecasts a −3 bps sequential NIM decline, driven by falling SORA and HIBOR. 3-month SORA dropped sharply since the start of the year. DBS had already guided for SORA at 1.25% and two Fed rate cuts in 2026 — any rate path deviation will move guidance. Wealth management as a wildcard. With the Middle East conflict driving safe-haven capital flows into Singapore, Maybank Securities (head of research Thilan Wickramasinghe) flags that wealth fees and trading income could surprise to the upside. If this materialises, it could partially offset the NIM drag. Guidance tone matters more than the number. Morningstar analyst Kathy Chan notes that investors will be watching for any changes to DBS's stress test posture on Middle East second-order effects. DBS has minimal direct exposure — but the macro commentary will set the tone for the rest of the earnings season, ahead of OCBC (May 8) and UOB (May 7). Quick snapshot FY2025 net profit: S$11.033B (missed est. by ~3%) 2026 income guidance: ~2025 levels Current price (Apr 24): S$56.69 Q1 2026 consensus net profit: S$2.78B Join the Prediction Game Every participant who correctly predicts DBS's Friday closing price wins a share of 1,000 Tiger Coins. Everyone gets 5 Tiger Coins just for joining. If no one gets it right, the 1,000 coins are split equally among all participants. Comment below: I think DBS will close at SGD ___ on Friday. Will DBS beat the Q1 net profit estimate? Yes / No (Closing price rounded to nearest dollar for reward distribution.) 🕒 Event time: 2026.4.29 – 2026.5.2 12:00 SGT Leave your comments to win tiger coins~ For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
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