CGSI raises target for DBS Group stock to SGD 79.50

Published on 10/16/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 profit is forecast at SGD 2.86 billion for September 2026. DBS Group stock costs EUR 51.75 on October 16, 2026, while SGX shows SGD 74.21.

Key figures and dates

CGS International raised its DBS target to SGD 79.50 on October 12, 2026.
DBS posted SGD 3.08 billion in net profit for the second quarter of 2026.
DBS Group stock traded at EUR 51.75 at 9:34 a.m. CEST at Lang & Schwarz on October 16, 2026.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group (ISIN SG1L01001701) was trading at EUR 51.75 at Lang & Schwarz on October 16, 2026, at 9:34 a.m. CEST. The latest catalyst was a target increase by CGS International, which upgraded the stock to Add and raised its target to SGD 79.50 from SGD 77.10 in a research note dated October 12, 2026, as reported by The Business Times.

Target reset meets weaker estimates

CGS International expects DBS to report net profit of SGD 2.86 billion for the third quarter ended September 2026, down 3.20 percent year over year and 7.10 percent quarter over quarter. It also forecasts net interest income of SGD 3.49 billion, down 2.40 percent year over year, while the projected net interest margin is 1.86 percent, according to The Business Times.

What does Q3 mean for income?

The forecast points to a difficult comparison with DBS performance in the second quarter. UOB Kay Hian expects DBS to deliver SGD 3.079 billion in third-quarter net profit, flat year over year but down 4.00 percent quarter over quarter, with net interest margin at 1.88 percent and wealth-management income at SGD 880 million, in its report dated October 15, 2026.

Three dated developments

On September 30, 2026, DBS and ING provided a SGD 1.72 billion development loan for the One Spitalfields refurbishment, according to the DBS investor site. On October 1, 2026, DBS highlighted second-quarter net profit of SGD 3.08 billion and quarterly total income above SGD 6.00 billion on its corporate site.

On October 12, 2026, CGS International raised its target from SGD 77.10 to SGD 79.50 and shifted its rating from Hold to Add. The note cited a projected return on equity of 20.00 percent and a 4.80 percent financial-year 2027 dividend yield.

Next reporting date

DBS is scheduled to release its third-quarter 2026 results on November 5, 2026, according to UOB Kay Hian. That report should show whether loan growth and fee income can offset pressure on margins.

Stock and quote

On the Singapore Exchange, DBS was last at SGD 74.21 at 3:29 p.m. SGT on October 16, 2026. Its market capitalization was SGD 211.1 billion, while the 52-week range was SGD 51.80 to SGD 79.05.

DBS combines personal banking, institutional banking and global financial markets operations. The second-quarter results showed net profit of SGD 3.08 billion, compared with SGD 2.93 billion in the first quarter of 2026, a quarter-over-quarter increase of 5.12 percent.

The stock was trading at EUR 51.75 at Lang & Schwarz on October 16, 2026, at 9:34 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of DBS Group stock.