The market is bracing for a good but not great performance that reflects a stabilising but pressured banking environment.
Analysts expect a net profit of around SGD 2.78 billion to SGD 2.88 billion, a slight YoY decline of 2 to 4%.
Net Interest Margin or NIM is expected to slide by 3 to 22 basis points as interest rates globally begin to moderate. This means that DBS earns less on every loan.
However the bright spot would be Wealth Management and treasury customer sales, potentially delivering mid teens growth to offset the weakness in interest income.
As a dividend focused investor, I will be keen to find out whether DBS will maintain the SGD 0.15 cents quarterly capital return dividend plus the SGD 0.60 cents ordinary dividend.
Closing above SGD 60.00 is nice but may not happen tomorrow.
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.
- Investordude1301Β·04-30TOPLetβs hope for DBS price to shoot to the moon!2Report