[Winning Trade] DBS Hits Record High — Tiger Makes S$829K. Still Worth Holding?

DBS just delivered another record quarter — and one Tiger is sitting on a massive S$829,377 profit $DBS(D05.SI)$

Singapore’s largest bank reported record earnings, raised its full-year outlook and sent its shares to all-time high. But after gaining more than 30% this year, the bigger question is whether there is still room to run.

Congratulations to @Puts puts puts , who made S$829,377 holding DBS!

DBS reported second-quarter net profit of S$3.08 billion, up 9% from a year earlier and above market expectations of around S$2.9 billion. Total income rose 6% to a record S$6.09 billion, marking the first time quarterly revenue crossed S$6 billion.

The S$1 Trillion Wealth Bet

The key takeaway from this quarter was not just another record profit. DBS is showing that it can keep growing even as lower interest rates put pressure on its traditional banking business. Net interest income fell 2%, while net interest margin dropped to 1.87%.

But net fee income jumped 25%, driven by strong customer investment activity. Wealth management fees surged 42% to a record S$919 million, while wealth assets under management crossed S$500 billion for the first time.

DBS is now targeting S$1 trillion in wealth assets by 2030, with Singapore and Hong Kong remaining its core markets. That gives the bank another growth engine as interest-rate tailwinds fade.

S$0.81 Dividend — And a Higher Outlook

DBS also declared an ordinary dividend of S$0.66 per share, together with a S$0.15 capital return dividend.That brings the total second-quarter payout to S$0.81 per share. For many Singapore investors, this remains a big part of the DBS story: strong earnings, regular dividends and additional capital returns.

Management also raised its 2026 outlook and now expects full-year total income to exceed 2025 levels. Asset quality remains solid, with the non-performing loan ratio holding at just 1.0%.

After a 30% Rally, Is DBS Still Worth Holding?

That is probably the tougher question now. The next leg higher probably depends on whether DBS can prove three things.

• First, wealth management growth needs to remain strong enough to offset lower interest margins.

• Second, loan and deposit growth needs to stay healthy. DBS expects full-year deposit growth of around 7% to 9%.

• Third, asset quality needs to remain stable. For now, the bank’s non-performing loan ratio remains low at 1.0%.

If those trends hold, the bull case remains intact. But if interest rates fall faster than expected or fee growth starts to slow, investors may become less willing to pay a premium after such a strong rally.

DBS is already at a record high — would you keep holding, take profits, or wait for a pullback before buying?

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