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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  DBS Group Holdings Ltd    DBSM   SG1L01001701

DBS GROUP HOLDINGS LTD

(DBSM)
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DBS : 3Q Net Profit Rose 15% on Year

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11/10/2019 | 07:19pm EST

By Justina Lee

DBS Group Holdings Ltd. (D05.SG) said its third-quarter net profit rose 15% on year, helped by loan growth, record fee income and higher trading gains.

Net profit for the quarter ended September was 1.63 billion Singapore dollars (US$1.20 billion), DBS said in a statement Monday. Total income was up 13% on year at S$3.82 billion.

The results beat the consensus estimates from a Factset poll, which predicted net profit of S$1.55 billion and total income of S$3.62 billion.

The bank, Southeast Asia's largest by assets, said third-quarter net interest income was up 8.2% on year at S$2.46 billion. Fees from its wealth management business were up 22% on year at S$357 million.

Nonperforming assets in the third quarter rose to S$5.94 billion, up 2% from the previous quarter, DBS said. It added that the rise was largely due to currency effects.

Write to Justina Lee at justina.lee@wsj.com

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Financials (SGD)
Sales 2019 14 577 M
EBIT 2019 8 363 M
Net income 2019 6 323 M
Debt 2019 -
Yield 2019 4,60%
P/E ratio 2019 10,8x
P/E ratio 2020 10,9x
Capi. / Sales2019 4,67x
Capi. / Sales2020 4,56x
Capitalization 68 004 M
Technical analysis trends DBS GROUP HOLDINGS LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 28,29  SGD
Last Close Price 26,62  SGD
Spread / Highest target 16,5%
Spread / Average Target 6,26%
Spread / Lowest Target -3,08%
EPS Revisions
Managers
NameTitle
Piyush Gupta Vice Chairman & Chief Executive Officer
Lim Huat Seah Non-Independent Non-Executive Chairman
Sok Hui Chng Chief Financial Officer
David Gledhill Chief Information Officer
Yiu Kiang Goh Non-Independent Non-Executive Director
Sector and Competitors