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DBS (Development Bank of Singapore)
02-12-2018, 07:30 AM.
Post: #191
RE: DBS (Development Bank of Singapore)
Working on a series of articles that teach investors how to run through the financials of banks which work quite differently from normal companies.

Singapore Bank Series (UOB,OCBC,DBS) How do banks really make money? 
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29-04-2019, 01:58 PM.
Post: #192
RE: DBS (Development Bank of Singapore)
DBS posts record profit on lending gains, raises bar for Singapore banks

By Anshuman Daga
APRIL 29, 2019 / 7:16 AM

SINGAPORE (Reuters) - Southeast Asia’s biggest lender DBS Group Holdings Ltd beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage and investment banking fees.

DBS, the first Singapore bank to kick off the sector’s results, posted an 8.5 percent rise in first-quarter net profit from a year earlier, and said the macro-economic environment had stabilized.

“By and large, I’m relatively sanguine about the business momentum,” CEO Piyush Gupta told a news conference. DBS maintained its forecast of mid-single-digit loan growth for this year and stable net interest margins, a key gauge of profitability.

The lender’s shares advanced 2.8 percent to their highest since June 2018, outperforming a 0.9 percent rise in the broader market.

“Overall, core driver was in line with expectations, we expect similar trends for peers as well,” Jefferies analyst Krishna Guha said in a report. “We were positively surprised by strength in trading gains,” he said.

United Overseas Bank reports results on May 3 followed by Oversea-Chinese Banking Corp a week later.

DBS reported a net profit of S$1.65 billion ($1.21 billion) for the three months to end-March, up from S$1.52 billion a year earlier and an average estimate of S$1.48 billion from four analysts, according to Refinitiv I/B/E/S.

After three years of strong loans growth, Singapore’s banks are gearing up for tougher times as the city-state’s export-reliant economy slows.

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06-06-2019, 09:34 AM.
Post: #193
RE: DBS (Development Bank of Singapore)
DBS and DBS-Vickers sites were not operating at the start of trading this morning due to 'technical issues'. They had a scheduled maintenance yesterday and looks as if they have not managed to get their sites properly up and running again in time for the start of trading, which is very frustrating and could lose a good bit of money for those of us locked out of the market by failure of the trading platforms.  Trading is going on on SGX, so looks as if the problem is at DBS end, rather than SGX. Not impressed- wondering if it is time to switch to a more competent organisation? What are other valuebuddies experience of IT failures on other platforms?

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06-06-2019, 10:44 AM.
Post: #194
RE: DBS (Development Bank of Singapore)
Hi Dosser

Yes, am facing the same here. Using DBS-Vickers platform.
Am not happy with their site.
Told them previously about inability to view the entire page ( using Firefox browser ) and
they claim no issue on their end. Angry

I think I will drop them and use others.. Idea

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