DBS Group stock: CGS International raises target to SGD 79.50

Published on 10/20/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CGS International lifted its DBS target to SGD 79.50 on October 12, 2026. DBS Group stock costs EUR 51.93 on October 20, 2026.

Analyst target and reporting date

CGS International raised its DBS Group target from SGD 77.10 to SGD 79.50 on October 12, 2026.
DBS recorded SGD 3.08 billion in second-quarter 2026 net profit, up 9.00 percent year over year.
DBS Group stock costs EUR 51.93 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST.
DBS is scheduled to report third-quarter 2026 results on November 5, 2026.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group (ISIN SG1L01001701) received a higher target from CGS International, which raised its valuation from SGD 77.10 to SGD 79.50 on October 12, 2026. According to The Business Times, the revised target was paired with an upgrade from hold to add. DBS Group stock was trading at EUR 51.93 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST.

Target rises as earnings stay strong

The latest reported operating picture came from the second quarter of 2026. DBS posted SGD 3.08 billion in net profit, a 9.00 percent year-over-year increase, while return on equity reached 17.90 percent. The official DBS release also said quarterly total income exceeded SGD 6.00 billion for the first time, with net interest margin at 1.87 percent. These figures make fee income and margin protection central to the next valuation debate.

Margin pressure remains visible

The earnings mix was uneven. Net interest income fell 2.00 percent year over year to SGD 3.58 billion as the margin narrowed, while wealth-management fees rose 42.00 percent to SGD 919.00 million. DBS reported that stronger fee income helped offset the pressure from lower interest rates.

What comes before the next results?

DBS was quoted at SGD 74.43 on the Singapore Exchange at 5:08 p.m. SGT on October 20, 2026, with a market capitalization of SGD 211.7 billion, a trailing price-to-earnings ratio of 18.84 and a dividend yield of 4.00 percent. The shares ranged from SGD 52.10 to SGD 79.05 over the preceding 52 weeks.

The latest target is 6.81 percent above the Singapore Exchange price of SGD 74.43. The next reporting date is November 5, 2026, according to Asianomist, which identified that date for DBS third-quarter results.

Comparison with peers

DBS Group: P/E 18.84, market capitalization SGD 211.7 billion.

OCBC (Singapore Exchange, SGD): P/E 16.55, market capitalization SGD 129.5 billion.

UOB (Singapore Exchange, SGD): P/E 10.62, market capitalization SGD 68.3 billion.

Price and valuation

The higher target gives DBS a quantified valuation reference while the second-quarter figures show why analysts continue to distinguish fee growth from net interest income pressure. The next results will test whether that balance held through the third quarter.

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