DBS Group stock: CGS International raises target to SGD 79.50

Published on 10/22/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 profit is forecast at SGD 2.86 billion. DBS Group stock costs EUR 52.00 on October 22, 2026, down 0.69 percent versus the Tradegate close.

Analyst target and reporting date

CGS International upgraded DBS Group to Add on October 12, 2026.
Third-quarter profit was forecast at SGD 2.86 billion, down 3.20 percent year over year.
DBS Group stock costs EUR 52.00 at Lang & Schwarz on October 22, 2026 at 3:16 p.m. CEST, 0.69 percent below the Tradegate close of October 21, 2026.
DBS Group is scheduled to report third-quarter 2026 results on November 4, 2026.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

CGS International upgraded DBS Group to Add from Hold and raised its target from SGD 77.10 to SGD 79.50 in a research note dated October 12, 2026, according to Asia Economic Review. The new target lies 6.61 percent above DBS Group's Singapore price of SGD 74.57 on October 22, 2026. DBS Group stock was trading at EUR 52.00 at Lang & Schwarz on October 22, 2026 at 3:16 p.m. CEST, down 0.69 percent versus the Tradegate close of October 21, 2026 at EUR 52.36.

Profit expectations turn cautious

CGS International forecast third-quarter 2026 net profit of SGD 2.86 billion, a 3.20 percent year-over-year decline and a 7.10 percent quarter-over-quarter decrease. The brokerage also projected net interest income of SGD 3.49 billion, down 2.40 percent year over year, while wealth-management fees were expected to rise 7.40 percent to SGD 855.00 million, according to Asia Economic Review.

Stock sits below its yearly high

DBS Group's Singapore-listed shares stood 5.67 percent below their 52-week high of SGD 79.05 on October 22, 2026, based on the latest market figures. The 52-week low was SGD 52.60, while the stock had gained 32.31 percent since the start of 2026. Trading volume reached 3,475,720 shares, and the market capitalization was SGD 212.10 billion.

Valuation and reporting date

DBS Group traded at a price-to-earnings ratio of 18.88 on October 22, 2026, compared with 16.70 for Oversea-Chinese Banking Corporation and 10.74 for United Overseas Bank. Its trailing dividend yield was 4.00 percent. The next scheduled corporate date is November 4, 2026, when DBS Group is due to release third-quarter 2026 earnings, according to MarketScreener.

Comparison with peers

DBS Group: down 0.11 percent on October 22, 2026, price-to-earnings ratio 18.88, market capitalization SGD 212.10 billion.

Oversea-Chinese Banking Corporation (Singapore Exchange, SGD): down 0.31 percent on October 22, 2026, price-to-earnings ratio 16.70, market capitalization SGD 130.60 billion.

United Overseas Bank (Singapore Exchange, SGD): down 0.29 percent on October 22, 2026, price-to-earnings ratio 10.74, market capitalization SGD 69.00 billion.

What the target means for valuation

The revised CGS target places valuation attention on whether fee growth can offset pressure on interest income. The 6.61 percent gap between the target and DBS Group's Singapore price is smaller than the 8.40 percent upside cited from the October 9 closing price in the report, reflecting the subsequent share-price level.

DBS Group operates across personal banking, institutional banking and global financial markets. Its latest profile lists 39,892 employees and Singapore as its home market.

DBS Group stock price in euros

DBS Group stock was trading at EUR 52.00 at Lang & Schwarz on October 22, 2026 at 3:16 p.m. CEST, 0.69 percent below the Tradegate close of October 21, 2026 at EUR 52.36.

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