D05.SI
SGX50SESDBS Group Holdings Ltd
Financial Services · Banks - Regional · Singapore
DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Personal Banking; Institutional Banking; and Global Financial Markets segments. The Personal Banking segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers. The Institutional Banking segment provides financial services and products comprise short-term working capital financing and specialized lending; cash management, trade finance, and securities and fiduciary services; treasury and markets products; corporate finance and advisory banking services; and capital markets solutions for bank and non-bank financial institutions, government-linked companies, large corporates, and small and medium sized businesses. The Global Financial Markets segment is involved in the structuring, market-making, and trading in various treasury products. DBS Group Holdings Ltd was founded in 1968 and is headquartered in Singapore.
www.dbs.com ↗Shares trade at a moderate 17.4× trailing earnings, easing to 16.0× on forward estimates. Profitability shows a net margin of 49.2%. Debt/equity stands at 2.66×. Revenue grew 3.2% year-on-year. It yields 4.9% in dividends. The mean analyst target of SGD62.08 sits 7.0% below the current price (Buy, 15 analysts).
business model
DBS is Southeast Asia's largest bank by assets, headquartered in Singapore. It earns money the classic banking way — net interest income from lending and deposits plus fee income — across Consumer Banking/Wealth Management, Institutional Banking, and Treasury Markets. It is widely regarded as a digital-transformation leader among Asian banks.
revenue segments
Net interest income (the majority, sensitive to rate levels), plus fee/commission income from wealth management, cards, transaction banking, and investment banking. Geographically anchored in Singapore and Hong Kong with growing exposure to China, India, Taiwan, and Indonesia.
key dependencies
Earnings are highly sensitive to interest-rate cycles and to net interest margins; asset quality depends on the regional (especially Singapore, Greater China) macro and property markets. Regulated by the Monetary Authority of Singapore, with capital and dividend policy shaped by Basel rules.
competitors
Domestic peers OCBC and UOB; regional and global banks (Standard Chartered, HSBC, Citi) in wealth and institutional banking; and increasingly digital banks and fintechs in payments and consumer lending.
moat
Scale and a dominant Singapore deposit franchise give a low-cost funding base; a strong wealth-management platform capturing Asian wealth flows; a well-regarded digital stack lowering cost-to-income; and a conservative, well-capitalized balance sheet that supports a high, stable dividend.
risks
Net interest margin compression as rates fall; credit-cycle exposure to Greater China property and regional SMEs; geopolitical and trade tensions affecting Asian growth; and a relatively rate-dependent earnings profile. The current price sitting above the mean analyst target signals limited consensus upside.
Financials & metrics
as of 04 Jul 2026Tap any metric for an explanation.● provider● computedN/A not available from source
Dividends
Analyst assessment
as of 04 Jul 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.