SGX:D05Banks
DBS (SGX:D05): Valuation Check After RMB Clearing Bank Appointment and Multi‑Year Capital Return Plan
DBS Group Holdings (SGX:D05) is back in focus after being appointed Singapore's second renminbi clearing bank, a move that deepens its role in regional trade flows and cross border payments.
See our latest analysis for DBS Group Holdings.
That RMB clearing mandate and the S$8 billion capital return plan seem to be resonating with investors, with the share price at S$56.30, a strong year to date share price return of 28.07 percent and a five year total shareholder return of 219.46 percent...