CGSI raises target for DBS Group stock to SGD 79.50

Published on 10/13/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Income rose 6.00 percent to SGD 6.09 billion in the second quarter. DBS Group stock costs EUR 51.91 on October 13, 2026, up 0.72 percent on SGX.

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CGS International upgraded DBS shares from Hold to Add and raised its target from SGD 77.10 to SGD 79.50 on October 13, 2026, according to The Business Times. The revised target implies 8.38 percent upside from the SGD 73.36 closing price cited in the report. At Lang & Schwarz, DBS Group stock was trading at EUR 51.91 on October 13, 2026 at 4:11 p.m. CEST.

Second-quarter income reached SGD 6.09 billion

DBS reported total income of SGD 6.09 billion for the second quarter of 2026, up 6.00 percent from the same period a year earlier, according to Yahoo Finance. Net profit reached SGD 3.08 billion, an increase of 9.00 percent year over year, while return on equity was 17.90 percent.

The earnings mix is important for the valuation discussion. Wealth-management fees increased 42.00 percent year over year to SGD 919.0 million, helping offset a 2.00 percent decline in net interest income to SGD 3.6 billion.

DBS stock stays inside its yearly range

The Singapore-listed shares last stood at SGD 74.47 on October 13, 2026 at 5:10 p.m. SGT, up 0.72 percent on the day. The 52-week range was SGD 51.80 to SGD 79.05, placing the latest Singapore price 5.80 percent below the high and 43.76 percent above the low.

CGS International expects third-quarter 2026 net profit of SGD 2.86 billion, down 3.20 percent year over year, while its FY2027 dividend-yield projection is 4.80 percent, The Business Times reported. The forecast places the next results release under scrutiny because lower interest income is expected to pressure margins.

Valuation and upcoming results

DBS had a market capitalization of SGD 211.3 billion on October 13, 2026 and a price-to-earnings ratio of 18.85. Its trailing dividend yield was 0.04 percent, while the next earnings date cited by MarketBeat is November 5, 2026, before the market opens, according to MarketBeat.

Comparison with peers

DBS Group (SGX, SGD): up 0.72 percent, price-to-earnings ratio 18.85, market capitalization SGD 211.3 billion

Oversea-Chinese Banking Corporation (SGX, SGD): up 0.48 percent, price-to-earnings ratio 16.78, market capitalization SGD 131.1 billion

United Overseas Bank (SGX, SGD): up 1.06 percent, price-to-earnings ratio 10.49, market capitalization SGD 67.6 billion

Price and trading perspective

The combination of a higher CGS International target and strong second-quarter income leaves DBS Group stock between a record earnings base and expected third-quarter margin pressure. The next dated checkpoint is November 5, 2026.

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