CGSI raises target for DBS Group stock to SGD 79.50

Published on 10/13/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS Group stock costs EUR 51.96 on October 13, 2026 at Lang & Schwarz. CGSI cites 20.00 percent return on equity and SGD 2.86 billion profit.

Key points in brief

CGS International upgraded DBS Group to Add and raised its target from SGD 77.10 to SGD 79.50 on October 13, 2026.
The bank's second-quarter 2026 net profit rose 9.00 percent to SGD 3.08 billion.
CGSI cited 20.00 percent return on equity, while third-quarter profit is forecast at SGD 2.86 billion.
DBS Group stock was trading at EUR 51.96 at Lang & Schwarz on October 13, 2026.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

CGS International upgraded DBS shares to Add from Hold and raised its target from SGD 77.10 to SGD 79.50 on October 13, 2026, according to The Business Times. The brokerage cited projected return on equity of 20.00 percent and an attractive FY2027 dividend yield of 4.80 percent.

Three results shape the case

On May 1, 2026, DBS reported first-quarter earnings per share of SGD 1.03, according to Simply Wall St. On August 7, 2026, second-quarter revenue reached SGD 5.98 billion and net income rose 9.00 percent from the prior year to SGD 3.08 billion, the same source reported.

The current analyst action came on October 13, 2026. The Business Times said CGSI expects third-quarter net profit of SGD 2.86 billion, down 3.20 percent year over year and 7.10 percent quarter over quarter.

What offsets margin pressure?

DBS entered the third quarter with a clear earnings trade-off. According to SingSaver on October 12, 2026, net interest margin fell 18 basis points to 1.87 percent in the second quarter, while wealth management fees rose 42.00 percent to SGD 919 million.

That mix matters for the new target. Lower rates pressure loan spreads, while fee growth and a projected FY2027 dividend yield of 4.80 percent support the case for a higher valuation. CGSI also expects third-quarter net interest income to fall 2.40 percent year over year to SGD 3.49 billion, according to The Business Times.

Next reporting date is November 5

DBS is scheduled to report third-quarter 2026 results on November 5, 2026, according to RTTNews. The release will test whether fee income can offset the expected decline in net interest income and margin.

DBS Group stock stays below its yearly high

DBS Group stock was trading at EUR 51.96 at Lang & Schwarz on October 13, 2026 at 10:42 a.m. CEST. The same-day market context included a 52-week range of SGD 51.80 to SGD 79.05 and market capitalization of SGD 211.3 billion as of October 13, 2026.

The bank is listed on the Singapore Exchange under ticker D05. Its latest quarterly figures show why the analyst upgrade is not based on margin expansion alone: second-quarter net profit rose 9.00 percent even as net interest margin declined to 1.87 percent. The next results will show whether wealth fees can maintain that offset.

The further course of trading is shown by the continuously updated real-time quote of DBS Group stock.