CGS International raises target for DBS Group stock to SGD 79.50

Published on 10/20/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS posted SGD 3.08 billion net profit in Q2 2026. DBS Group stock costs EUR 51.86 on October 20, 2026, with a SGD 79.50 target.

Analyst target and earnings

CGS International raised its DBS target from SGD 77.10 to SGD 79.50 on October 12, 2026.
DBS reported SGD 3.08 billion in net profit and a 17.5 percent return on equity for the second quarter of 2026.
DBS Group stock trades at EUR 51.86 at 9:30 a.m. CEST at Lang & Schwarz on October 20, 2026.
DBS is scheduled to report third-quarter 2026 results on November 5, 2026.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group (ISIN SG1L01001701) drew a higher CGS International target of SGD 79.50 from SGD 77.10 on October 12, 2026, according to The Business Times. DBS Group stock was trading at EUR 51.86 at Lang & Schwarz on October 20, 2026 at 9:30 a.m. CEST.

Target rises before third-quarter results

The upgrade came as CGS International kept an Add rating, but its earnings view remains cautious. The analysts projected non-interest income growth of 2.9 percent year on year for the third quarter of 2026, supported by a 7.4 percent increase in wealth-management fees, according to The Business Times.

The same report projected net interest income to fall 2.4 percent year on year and 2.5 percent quarter on quarter. Net interest margin was expected to narrow by 10 basis points year on year, while loans were projected to grow 1.5 percent quarter on quarter.

What does the earnings risk mean?

DBS entered the next results cycle with a strong recent earnings base. The bank reported SGD 3.08 billion in net profit for the second quarter of 2026, up 9.00 percent year on year, while quarterly total income exceeded SGD 6.00 billion and return on equity reached 17.5 percent, according to DBS.

The contrast is clear: fee income and wealth management are supporting growth, while lower interest income is testing margins. For investors, the November results will show whether loan growth can offset the pressure on net interest income.

Next results date is November 5

The next substantiated company date is November 5, 2026, when DBS is scheduled to report third-quarter 2026 results, according to The Business Times. The report will provide the first direct test of the 2.4 percent net-interest-income decline projected by CGS International.

Singapore quote and market value

On the Singapore Exchange, DBS Group was last at SGD 74.52 on October 20, 2026 at 3:26 p.m. SGT. The finance group had a market capitalization of SGD 211.9 billion as of October 20, 2026.

DBS Group stock was trading at EUR 51.86 at Lang & Schwarz on October 20, 2026 at 9:30 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of DBS Group stock.