Board Change • 18h
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Group CEO & Executive Director Carrie Tan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • 18h
Group CEO & Executive Director recently sold €4.0m worth of stock On the 15th of May, Su Shan Tan sold around 100k shares on-market at roughly €40.40 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Su Shan's only on-market trade for the last 12 months. 공시 • Feb 27
CIMB Reportedly Among Banks Bidding for HSBC Indonesia Assets CIMB Group Holdings Berhad (KLSE:CIMB) is one of the banks that are seeking to purchase assets of HSBC Indonesia (PT Bank HSBC Indonesia). The move comes as lenders seek to strengthen their presence in Southeast Asia's biggest economy. Potential bidders include Singapore's DBS Group Holdings Ltd. (SGX:D05), Oversea-Chinese Banking Corporation Limited (SGX:O39) and United Overseas Bank Limited (SGX:U11), along with Malaysia's CIMB Group Holdings Bhd and Sumitomo Mitsui Financial Group, Inc. (TSE:8316). HSBC Holdings plc (LSE:HSBA) is looking to sell its consumer banking operations in Indonesia. The assets could be valued at more than USD 200 million. 공시 • Feb 11
DBS Group Holdings Ltd Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2025, Payable on 17 April 2026 DBS Group Holdings Ltd. announced that the Transfer Books and Register of Members of the company will be closed from 5.00 p.m. on 9 April 2026 up to (and including) 10 April 2026 for the purpose of determining shareholders' entitlements to the proposed: final one-tier tax exempt dividend for the financial year ended 31 December 2025 ("FY2025 Final Dividend") of 66 cents for every ordinary share ("Share") held; and one-tier tax exempt capital return dividend of 15 cents for every Share held ("Capital Return Dividend"), subject to shareholders' approval of the FY2025 Final Dividend and Capital Return Dividend at the Annual General Meeting of DBSH to be convened on or about 31 March 2026 ("2026 AGM"). Duly completed registrable transfers of Shares received by DBSH's Share Registrar at 9 Raffles Place, Republic Plaza, Tower I, #26-01, Singapore 048619 up to 9 April 2026 will be registered before entitlements to the FY2025 Final Dividend and Capital Return Dividend are determined. Members whose securities accounts with CDP are credited with Shares as on 9 April 2026 will rank for the FY2025 Final Dividend and Capital Return Dividend. The proposed FY2025 Final Dividend and Capital Return Dividend will be paid on or about 17 April 2026. 공시 • Feb 10
DBS Group Holdings Ltd, Annual General Meeting, Mar 31, 2026 DBS Group Holdings Ltd, Annual General Meeting, Mar 31, 2026. 공시 • Nov 06
Dbs Group Holdings Ltd Announces Interim One-Tier Tax Exempt Dividend for the Third Quarter Ended 30 September 2025, Payable on or About 24 November 2025 DBS Group Holdings Ltd. announced that Transfer Books and Register of Members of DBS Group Holdings Ltd. will be closed from 5.00 p.m. on 14 November 2025 (Friday) up to (and including) 17 November 2025 (Monday) for the purpose of determining shareholders' entitlements to the proposed: interim one-tier tax exempt dividend for the third quarter ended 30 September 2025 of 60 cents for every ordinary share held and one-tier tax exempt capital return dividend 1 of 15 cents for every Share held . Duly completed registrable transfers of Shares received by DBSH's Share Registrar at 9 Raffles Place, Republic Plaza, Tower I, #26-01, Singapore 048619 up to 5.00 p.m. on 14 November 2025 will be registered before entitlements to the 3Q25 Interim Dividend and Capital Return Dividend are determined. Members whose securities accounts with CDP are credited with Shares as at 5.00 p.m. on 14 November 2025 will rank for the 3Q25 Interim Dividend and Capital Return Dividend. The proposed 3Q25 Interim Dividend and Capital Return Dividend will be paid on or about 24 November 2025. 공시 • May 30
DBS Is Said to Shelve Plans for Asia Insurance Deal on Valuation DBS Group Holdings Ltd. (SGX:D05) has shelved plans to form an insurance partnership in India and Taiwan after initial offers from prospective bidders didn’t match value expectations, according to people familiar with the matter. The Singapore-based lender and its advisers have paused work on the transaction, the people said, asking not to be identified because the information is private. A bancassurance agreement for the two Asian markets, as well as certain products in Singapore, had attracted interest from other insurers and financial services firms, the people said. 공시 • Apr 29
DBS Group Holdings Ltd Approves the One-Tier Tax-Exempt Final Dividend for the Year Ended 31 December 2024 DBS Group Holdings Ltd. held its AGM on 28 March 2025, approved the one-tier tax-exempt Final Dividend of 60 cents per ordinary share be declared for the year ended 31 December 2024. 공시 • Mar 28
DBS Reportedly Leads Race to Buy Controlling Stake in Indonesia's Panin Bank DBS Group Holdings Ltd. (SGX:D05), Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's PT Bank Pan Indonesia Tbk (IDX:PNBN), three people with knowledge of the matter said. The Singapore lender was competing with Malaysia's CIMB Group (CIMB.KL), in the second round of the bidding process, according to one of the people. Roughly 86% of Panin Bank, Indonesia's 12th largest lender, is up for sale. As of March 25, 2025 market close, the combined holding owned by Australia's ANZ Group Holdings Limited (ASX:ANZ) and the Gunawan family was worth $1.8 billion. ANZ, which owns 39% according to LSEG data, has been trying to sell its stake since 2013. The founding Gunawan family is flexible about how much it might sell and the amount will depend on the offer price, sources have said. Binding bids for the stake are due by end-April or early May subject to market conditions, according to two of the people, who added that the thinking of the bidders could change. The sources declined to be identified as the matter was private. DBS, ANZ and CIMB declined to comment. Panin Bank's President Director Herwidayatmo referred Reuters' request for comment to its controlling shareholders. 공시 • Feb 12
DBS Group Holdings Ltd Announces Management Changes DBS Group Holdings Ltd. announced several senior-level appointments that will take effect on 1 April 2025: Derrick Goh, presently Head of Group Audit, will assume the newly-created role of Group Chief Operating Officer (COO), overseeing both Operations and Transformation Group. In this capacity, he will also join the Group Executive Committee. Koh Kar Siong, presently Group Head of Corporate and SME Banking, will take over as Group Audit Head. He will be a member of the Group Management Committee. Goh has been with DBS since 2008, and has held a number of senior roles in the bank. Prior to heading Group Audit in 2018, he led the regional Treasures and Treasures Private Client wealth management business. Before that, he was Head of POSB and Consumer Banking Group (CBG) Distribution in Singapore. His other roles in DBS include being Regional COO and Chief Financial Officer of Institutional Banking Group (IBG), as well as Head of Finance, Group Planning and Analytics. Koh joined DBS in 2003 and has worked across businesses and geographies. Prior to his current role, he was Head of SME Banking in Singapore. Before that, he held various roles in CBG and Wealth Management, including being Head of POSB and CBG Distribution in Singapore, as well as Head of CBG in China. DBS also announced that Jimmy Ng, Group Head of Operations, will retire from executive duties with effect from 1 July 2025. A strong champion of the bank's innovation efforts over the past 15 years, he will be appointed Senior Advisor for the bank's artificial intelligence efforts until 31 December 2025. 공시 • Jan 06
DBS Announces Executive Changes DBS has announced the appointment of Rajat Verma as CEO for India. He is to take up the position from March 1, 2025. Verma is currently head of the Institutional Banking Group (IBG) at DBS Bank India and is to take over from Surojit Shome as CEO. Declared Dividend • Nov 12
Third quarter dividend of S$0.54 announced Shareholders will receive a dividend of S$0.54. Ex-date: 14th November 2024 Payment date: 25th November 2024 Dividend yield will be 5.5%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (55% payout ratio) and is expected to be covered in 3 years' time (64% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • Nov 08
DBS Group Holdings Ltd (SGX:D05) announces an Equity Buyback for SGD 3,000 million worth of its shares. DBS Group Holdings Ltd (SGX:D05) announces a share repurchase program. Under the program, the company will repurchase up to SGD 3,000 million worth of its shares. The program is a part of board's capital management initiatives. The shares repurchased will be cancelled. Reported Earnings • Nov 08
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: S$5.62b (up 13% from 3Q 2023). Net income: S$3.03b (up 15% from 3Q 2023). Profit margin: 54% (in line with 3Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. 공시 • Sep 06
DBS Group Holdings Ltd Announces Executive Changes DBS Group Holdings Ltd. has announced the appointment of a head for its consumer banking operations. The firm has appointed Calvin Ong as new head of consumer banking. Ong is soon to take over as the bank's head of consumer banking and will replace Jeremy Soo, who has held the role for 17 years, on 1 January next year. Ong is currently head of investment products and advisory in the firm's consumer banking and wealth management group. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. Non-Executive & Independent Director David Ho was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 09
Second quarter dividend of S$0.54 announced Shareholders will receive a dividend of S$0.54. Ex-date: 15th August 2024 Payment date: 26th August 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (65% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: S$0.98 (vs S$0.93 in 2Q 2023) Second quarter 2024 results: EPS: S$0.98 (up from S$0.93 in 2Q 2023). Revenue: S$5.33b (up 7.3% from 2Q 2023). Net income: S$2.78b (up 5.9% from 2Q 2023). Profit margin: 52% (in line with 2Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 22
CEO & Executive Director recently sold €1.2m worth of stock On the 15th of May, Piyush Gupta sold around 50k shares on-market at roughly €24.22 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.8m. Piyush has been a net seller over the last 12 months, reducing personal holdings by €5.4m. 공시 • May 10
DBS Group Holdings Ltd Announces Management Charges DBS has hired Eugene Huang, who was chief executive officer of Ping An's technology arm, to be the bank's chief information officer. Huang, with more than 36 years of technology and banking experience under his belt, will be under pressure to fix several outage issues that have plagued the bank since the beginning of last year. As a result of the disruptions to service, members of the bank's group management committee, including its chief executive officer Piyush Gupta, have taken pay cuts. Huang will take over the role of CIO from Han Kwee Juan. Han has been double-hatting as acting CIO and Singapore country head since November 2023, when the bank split its technology and operations function into two units under its drive to improve technology resiliency. With Huang joining the group, Han will return to being Singapore country head full-time from June 1, 2024. Before that, Huang, an American citizen, was chief technology officer and chief operating officer at OneConnect Financial Technology, a technology-services platform for financial institutions launched by Ping An in 2015. Recent Insider Transactions • May 09
CEO & Executive Director recently sold €1.8m worth of stock On the 3rd of May, Piyush Gupta sold around 75k shares on-market at roughly €24.59 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Piyush has been a net seller over the last 12 months, reducing personal holdings by €4.2m. Declared Dividend • May 05
Dividend of S$0.54 announced Shareholders will receive a dividend of S$0.54. Ex-date: 9th May 2024 Payment date: 20th May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (67% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • May 03
DBS Group Holdings Ltd Proposes Interim One-Tier Tax Exempt Dividend for the First Quarter Ended 31 March 2024, Payable on or About 20 May 2024 DBS Group Holdings Ltd. proposed interim one-tier tax exempt dividend for the first quarter ended 31 March 2024 ("first quarter 2024 Interim Dividend") of 54 cents for every ordinary share ("Share") held. Members whose securities accounts with CDP are credited with Shares on 10 May 2024 will rank for the first quarter 2024 Interim Dividend. The proposed first quarter 2024 Interim Dividend will be paid on or about 20 May 2024. Reported Earnings • May 02
First quarter 2024 earnings released First quarter 2024 results: Revenue: S$5.42b (up 14% from 1Q 2023). Net income: S$2.96b (up 15% from 1Q 2023). Profit margin: 55% (in line with 1Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. 공시 • Apr 27
Dbs Group Holdings Ltd Approves One-Tier Tax-Exempt Final Dividend for the Year Ended 31 December 2023 DBS Group Holdings Ltd. approved one-tier tax-exempt Final Dividend of 54 cents per ordinary share be declared for the year ended 31 December 2023. Upcoming Dividend • Mar 29
Upcoming dividend of S$0.54 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 19 April 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (6.5%). Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: S$3.87 (vs S$3.15 in FY 2022) Full year 2023 results: EPS: S$3.87 (up from S$3.15 in FY 2022). Revenue: S$19.6b (up 20% from FY 2022). Net income: S$9.98b (up 23% from FY 2022). Profit margin: 51% (up from 50% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.15% (up from 1.75% in FY 2022). Cost-to-income ratio: 39.9% (down from 43.0% in FY 2022). Non-performing loans: 1.11% (down from 1.13% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 12
Fourth quarter dividend of S$0.54 announced Shareholders will receive a dividend of S$0.54. Ex-date: 5th April 2024 Payment date: 19th April 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (70% forecast payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: S$3.87 (vs S$3.15 in FY 2022) Full year 2023 results: EPS: S$3.87 (up from S$3.15 in FY 2022). Revenue: S$19.6b (up 20% from FY 2022). Net income: S$9.98b (up 23% from FY 2022). Profit margin: 51% (up from 50% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.15% (up from 1.75% in FY 2022). Cost-to-income ratio: 39.9% (down from 43.0% in FY 2022). Non-performing loans: 1.11% (down from 1.13% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 공시 • Feb 07
DBS Group Holdings Ltd Proposes to Declare A One-Tier Tax Exempt Final Dividend for the Year Ended 31 December 2024, Payable on or About 19 April 2024 DBS Group Holdings Ltd. proposed final one-tier tax exempt dividend for the financial year ended 31 December 2023 ("FY2023 Final Dividend") of 54 cents for every ordinary share ("Share") held, subject to shareholders' approval of the FY2023 Final Dividend at the Annual General Meeting of DBSH to be convened on or about 28 March 2024 ("2024 AGM"). The proposed Final Dividend, if approved by shareholders at the 2024 AGM, will be paid on or about 19 April 2024. New Risk • Jan 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 공시 • Nov 07
DBS Group Holdings Ltd Proposes Interim One-Tier Tax Exempt Dividend for the Third Quarter Ended 30 September 2023, Payable on or About 27 November 2023 DBS Group Holdings Ltd. proposed interim one-tier tax exempt dividend for the third quarter ended 30 September 2023 of 48 cents for every ordinary share held. The proposed third quarter Interim Dividend will be paid on or about 27 November 2023. The Transfer Books and Register of Members of DBS Group Holdings Ltd. will be closed from 5.00 p.m. on 15 November 2023 up to (and including) 16 November 2023 for the purpose of determining shareholders' entitlements to the proposed dividend. Reported Earnings • Nov 06
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: S$4.98b (up 15% from 3Q 2022). Net income: S$2.63b (up 18% from 3Q 2022). Profit margin: 53% (up from 52% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Europe. 공시 • Nov 03
DBS Group Holdings Ltd Announces Appointments of Non-Director Members to the BMRC Technology Risk Committee DBS Group Holdings Ltd. announced that with effect from 1 November 2023, Messrs Ajey Gore and Marc Massar have been appointed as non-director members of the BRMC Technology Risk Committee, a sub-committee of the Board Risk Management Committee. They are senior technology practitioners and were earlier appointed as advisors to the Special Board Committee convened by DBS in March 2023 to review the disruptions to DBS' digital banking services. Messrs Gore and Massar have played an instrumental role in advising the SBC, and the BTRC would benefit from their continued participation. Mr. Ajey Gore is an accomplished technology leader and entrepreneur with a track record spanning over 23 years. He holds a Bachelor of Commerce degree with a specialisation in Mathematics and Statistics from the University of Allahabad. He also obtained a PG Diploma in Software Technology from the Centre for Development of Advanced Computing. He is currently the Operating Partner, Technology at Peak XV Partners, serving in this role since August 2020. Mr. Marc Massar has an extensive background in fintech, development and strategy leadership. Notably, he has played key roles in significant industry initiatives such as Apple Pay, Chase's on-us processing capability and Worldpay's open banking solutions. He holds a Bachelor of Arts in English and Comparative Literary Studies from Occidental College, Los Angeles and obtained CISSP (or Certified Information Systems Security Professional) and ISSAP (or Information Systems Security Architecture Professional) Certifications from the ISC2, which is an international security body that certifies security professionals. 공시 • Nov 01
DBS Group Holdings Ltd Announces Board Changes, Effective November 1, 2023 DBS Group Holdings Ltd. announced that, with effect from 1 November 2023, Dr Bonghan Cho, an independent non-executive director, will be appointed as a member of the Board Risk Management Committee and Mr. David Ho, also an INED, will be appointed as a member of the Audit Committee. The composition of Audit Commit: Mr. Tham Sai Choy (Chairman), Mr. Chng Kai Fong, Mr. David Ho, Ms Punita Lal, Ms Judy Lee and Mr. Peter Seah and composition of Board Risk Management Committee: Mr. Olivier Lim (Chairman), Dr Bonghan Cho, Ms Judy Lee, Mr. Anthony Lim, Mr. Peter Seah and Mr. Tham Sai Choy. Recent Insider Transactions • Aug 09
CEO & Executive Director recently sold €2.3m worth of stock On the 4th of August, Piyush Gupta sold around 100k shares on-market at roughly €23.20 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Piyush's only on-market trade for the last 12 months. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: S$0.58 (vs S$0.70 in 2Q 2022) Second quarter 2023 results: EPS: S$0.58. Revenue: S$4.97b (up 37% from 2Q 2022). Net income: S$2.63b (up 45% from 2Q 2022). Profit margin: 53% (up from 50% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe. 공시 • Aug 03
DBS Group Holdings Ltd Proposes Interim One-Tier Tax Exempt Dividend for the Second Quarter Ended 30 June 2023, Payable on or About 24 August 2023 The transfer books and register of members of DBS Group Holdings Ltd. will be closed from 5.00 p.m. on 14 August 2023 up to (and including) 15 August 2023 for the purpose of determining shareholders' entitlements to the proposed interim one-tier tax exempt dividend for the second quarter ended 30 June 2023 of 48 cents for every ordinary share held. Duly completed registrable transfers of Shares received by DBSH's Share Registrar at 80 Robinson Road #02-00, Singapore 068898 up to 5.00 p.m. on 14 August 2023 will be registered before entitlements to the 2Q23 Interim Dividend are determined. Members whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as at 5.00 p.m. on 14 August 2023 will rank for the 2Q23 Interim Dividend. The proposed interim dividend will be paid on or about 24 August 2023. 공시 • Jul 12
Tower Capital PE Fund I, LP a fund managed by Tower Capital Asia signed an agreement to acquire 77.8% stake in AXS Pte. Ltd. from DBS Bank Ltd. and Primefield Company Pte Ltd. and DBS Group Holdings Ltd (SGX:D05) Tower Capital PE Fund I, LP a fund managed by Tower Capital Asia signed an agreement to acquire 77.8% stake in AXS Pte. Ltd. from DBS Bank Ltd. and Primefield Company Pte Ltd. and DBS Group Holdings Ltd (SGX:D05) on July 11, 2023.Following the close of the transaction DBS will continue to retain a minority stake of 9.9% in AXS. Pursuant to the deal and subject to regulatory clearance, AXS co-founder and more recently CEO of the NETS Group Jeffrey Goh will be returning to the Company. The transaction is expected to be completed by August 2023. Reported Earnings • May 03
First quarter 2023 earnings released First quarter 2023 results: EPS: S$4.02. Revenue: S$4.78b (up 29% from 1Q 2022). Net income: S$2.57b (up 43% from 1Q 2022). Profit margin: 54% (up from 49% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year. Upcoming Dividend • Apr 03
Upcoming dividend of S$0.92 per share at 5.1% yield Eligible shareholders must have bought the stock before 10 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.2%). 공시 • Feb 14
DBS Makes Senior-Level Rotations DBS announced that after more than a decade with the bank, Sim S. Lim, Group Head of Consumer Banking (CBG)/Wealth Management, will be retiring from executive duties, though he will continue to stay on as a Senior Advisor. Pursuant to Sim's retirement, and underscoring its commitment to grooming talent from within, the bank will make the following senior-level rotations that will take effect on 1 April 2023: Shee Tse Koon, Country Head of DBS Singapore, will take over as the new Group Head of CBG/Wealth Management, Han Kwee Juan, Group Head of Strategy and Planning, will assume the role of Singapore Country Head, Lim Him Chuan, CEO of DBS Bank Taiwan, will return to Singapore to take over as Group Head of Strategy and Planning, Ng Sier Han, who was appointed Director of Integration (Taiwan) in April 2022, will take over as DBS Bank Taiwan CEO. In addition to his current role as CEO of DBS Bank (Hong Kong), Sebastian Paredes will assume the newly-created role of Head of North Asia, with oversight of Hong Kong, China and Taiwan. This underscores the importance of the region to the Group, as reflected by DBS' purchase of a 13% stake in Shenzhen Rural Commercial Bank and the acquisition of Citibank Taiwan's consumer banking franchise. Ginger Cheng, CEO of DBS Bank (China), and Ng Sier Han will report to Sebastian Paredes. Both Ginger Cheng and Ng Sier Han will also be members of DBS' Group Management Committee. Sim. S Lim joined DBS as its first Singapore Country Head in 2010. In January 2019, he took over as Group Head of CBG/Wealth Management. In this role, he led CBG on a transformation journey that included introducing cognitive banking and championing the use of data/artificial intelligence (AI) and machine learning. He also piloted "Managing through Journeys" in CBG which has since been scaled up across the bank. Reported Earnings • Feb 14
Full year 2022 earnings released Full year 2022 results: Revenue: S$16.3b (up 13% from FY 2021). Net income: S$8.19b (up 22% from FY 2021). Profit margin: 50% (up from 47% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe. 공시 • Jan 14
DBS Group Holdings Ltd to Report Fiscal Year 2022 Results on Feb 13, 2023 DBS Group Holdings Ltd announced that they will report fiscal year 2022 results Pre-Market on Feb 13, 2023 Recent Insider Transactions • Nov 16
CEO & Executive Director recently sold €2.5m worth of stock On the 14th of November, Piyush Gupta sold around 100k shares on-market at roughly €24.65 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Piyush's only on-market trade for the last 12 months. Reported Earnings • Nov 04
Third quarter 2022 earnings released Third quarter 2022 results: EPS: S$1.15. Revenue: S$4.37b (up 20% from 3Q 2021). Net income: S$2.24b (up 32% from 3Q 2021). Profit margin: 51% (up from 47% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 08
Upcoming dividend of S$0.36 per share Eligible shareholders must have bought the stock before 15 August 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of German dividend payers (4.4%). Lower than average of industry peers (6.6%). Reported Earnings • Aug 05
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: S$3.75b (up 6.7% from 2Q 2021). Net income: S$1.82b (up 6.6% from 2Q 2021). Profit margin: 49% (in line with 2Q 2021). Upcoming Dividend • May 04
Upcoming dividend of S$0.36 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.4%). Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: EPS: S$0.70. Revenue: S$3.69b (down 4.0% from 1Q 2021). Net income: S$1.80b (down 10% from 1Q 2021). Profit margin: 49% (down from 52% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 15%, compared to a 9.0% growth forecast for the industry in Germany. Upcoming Dividend • Apr 01
Upcoming dividend of S$0.36 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.7%). Lower than average of industry peers (6.2%). Reported Earnings • Feb 14
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: S$14.3b (up 25% from FY 2020). Net income: S$6.81b (up 48% from FY 2020). Profit margin: 47% (up from 40% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 8.8%, compared to a 12% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 11
CEO & Executive Director recently sold €1.0m worth of stock On the 8th of November, Piyush Gupta sold around 50k shares on-market at roughly €20.82 per share. This was the largest sale by an insider in the last 3 months. Piyush has been a seller over the last 12 months, reducing personal holdings by €3.8m. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS S$0.66 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: S$3.63b (up 20% from 3Q 2020). Net income: S$1.70b (up 31% from 3Q 2020). Profit margin: 47% (up from 43% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS S$0.66 (vs S$0.49 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: S$3.51b (up 22% from 2Q 2020). Net income: S$1.70b (up 37% from 2Q 2020). Profit margin: 49% (up from 43% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Executive Departure • Aug 04
Group Head of Global Transactions Services John Laurens has left the company On the 1st of August, John Laurens' tenure as Group Head of Global Transactions Services ended after 6.8 years in the role. We don't have any record of a personal shareholding under John's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 11.42 years. Recent Insider Transactions • May 22
CEO & Executive Director recently sold €1.1m worth of stock On the 20th of May, Piyush Gupta sold around 59k shares on-market at roughly €18.30 per share. This was the largest sale by an insider in the last 3 months. This was Piyush's only on-market trade for the last 12 months. 공시 • May 18
Kasikornbank Weighs Bid for Citigroup’s Thai Retail Business Kasikornbank Public Company Limited (SET:KBANK) is considering a bid for Citigroup Inc. (NYSE:C)’s retail assets in the country to expand its wealth management, consumer lending and credit card businesses. Kasikornbank is interested in the U.S. lender’s business in Southeast Asia’s second-biggest economy and will study the details as soon as the process is open, Chief Executive Officer Kattiya Indaravijaya said in a recent phone interview. “Citigroup’s retail business here has a very large and good customer base.” Kasikornbank joins counterparts such as DBS Group Holdings Ltd. (SGX:D05) and United Overseas Bank Limited (SGX:U11) in expressing an interest in Citigroup’s regional assets. The U.S. bank could fetch as much as $6 billion from selling its retail business in 13 markets across Asia-Pacific, Europe and the Middle East. For Kasikornbank, acquisitions and regional expansion are key as it fends off rising competition from new entrants into the industry especially from financial technology firms, said Kattiya. Still, any bid for Citi’s assets would only happen if an acquisition creates synergy and adds value to the bank’s existing businesses, she said. 공시 • May 07
UOB to Look At Citigroup’s Assets Chief Executive of United Overseas Bank Limited (SGX:U11) (UOB), Wee Ee Cheong told a media briefing that UOB will look at Citigroup Inc. (NYSE:C)’s assets in the markets the foreign bank is exiting, joining peers DBS Group Holdings Ltd. (SGX:D05) and Oversea-Chinese Banking Corporation Limited (SGX:O39) (OCBC) in doing so. “We are always open to acquisition opportunities as long as it’s strategically fit, and at a right price, and it has to make sense for the long term,” he said. UOB is still waiting for details which are expected to be released later in May 2021, said its group Chief Financial Officer Lee Wai Fai, adding that the bank is keen to look at assets that are incremental to its franchise. Reported Earnings • May 02
First quarter 2021 earnings released: EPS S$0.79 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: S$3.84b (up 31% from 1Q 2020). Net income: S$2.01b (up 72% from 1Q 2020). Profit margin: 52% (up from 40% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Executive Departure • Apr 02
Non-Executive Director has left the company On the 30th of March, Yiu Kiang Goh's tenure as Non-Executive Director ended after 12.3 years in the role. As of December 2020, Yiu Kiang personally held 63.62k shares (€982k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 02
Non-Executive Director has left the company On the 30th of March, Foong Pheng Ow's tenure as Non-Executive Director ended after 8.9 years in the role. As of December 2020, Foong Pheng personally held 25.84k shares (€399k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 02
Independent Director has left the company On the 30th of March, Andre Sekulic's tenure as Independent Director ended after 8.9 years in the role. As of December 2020, Andre personally held 33.41k shares (€516k worth at the time). A total of 3 executives have left over the last 12 months. Upcoming Dividend • Apr 02
Upcoming dividend of S$0.18 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 24 May 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.7%). Reported Earnings • Mar 11
Full year 2020 earnings released: EPS S$1.81 (vs S$2.47 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$11.5b (down 17% from FY 2019). Net income: S$4.61b (down 27% from FY 2019). Profit margin: 40% (down from 46% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 1.62% (down from 1.89% in FY 2019). Cost-to-income ratio: 42.2% (down from 43.0% in FY 2019). Non-performing loans: 1.60% (up from 1.49% in FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: €17.04 The company is up 9.0% from its price of €15.59 on 01 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.23 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS S$1.86 (vs S$2.46 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$11.5b (down 17% from FY 2019). Net income: S$4.72b (down 26% from FY 2019). Profit margin: 41% (down from 46% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 1.62% (down from 1.89% in FY 2019). Cost-to-income ratio: 42.2% (down from 43.0% in FY 2019). Non-performing loans: 1.60% (up from 1.49% in FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Jan 11
DBS Group Holdings Ltd to Report Fiscal Year 2020 Results on Feb 10, 2021 DBS Group Holdings Ltd announced that they will report fiscal year 2020 results on Feb 10, 2021 Is New 90 Day High Low • Jan 09
New 90-day high: €16.79 The company is up 28% from its price of €13.12 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.12 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 18%, compared to a 18% growth forecast for the Banks industry in Germany. Is New 90 Day High Low • Nov 05
New 90-day high: €13.67 The company is up 8.0% from its price of €12.70 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.40 per share. 공시 • Nov 03
DBS Names Group Cash Product Management Head DBS announced that it has named a Group Cash Product Management head. The firm has appointed Rachel Chew to the position. In the role, she will be responsible for the bank's cash product proposition in Asia. Chew has more than 20 years of experience in digital business and product development. 
