DBS Group stock reports record earnings as analyst target rises

Published on 09/25/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS Group stock stood at SGD 78.00 on September 25, 2026, after first-half profit rose 5.0 percent. Phillip Securities set an SGD 85.00 target.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group (ISIN SG1L01001701) stood at SGD 78.00 on the SGX on September 25, 2026, up SGD 0.52 or 0.67 percent from the previous close. The latest earnings profile combines record profit with tighter interest margins, while Phillip Securities Research raised its target price to SGD 85.00 from SGD 79.00.

Record profit meets margin pressure

DBS posted record second-quarter 2026 net profit of SGD 3.1 billion, up 9.0 percent year over year and 5.0 percent quarter over quarter, according to FSM Global. Quarterly total income reached SGD 6.1 billion, a 6.0 percent year-over-year increase and the first quarter above SGD 6.0 billion.

The first half of 2026 produced SGD 6.0 billion in net profit, up 5.0 percent year over year, while total income reached SGD 12.0 billion, up 3.0 percent, the same source reported. Net fee income rose 25.0 percent year over year to SGD 1.5 billion, helping offset weaker interest-driven income.

Target rises to SGD 85.00

Phillip Securities Research raised its DBS target price from SGD 79.00 to SGD 85.00 on September 25, 2026, and retained an Accumulate recommendation for Singapore banks. The firm cited higher loan-growth expectations and improved profit estimates.

The counterweight is net interest margin. DBS reported a second-quarter margin of 1.87 percent, down 18 basis points year over year, while loans grew 8.0 percent to SGD 469.4 billion, according to FSM Global. For investors, fee income and loan growth are compensating for the rate-sensitive margin squeeze.

Legal risk remains quantifiable

DBS also faces a SGD 1.298 billion damages claim linked to the 1MDB scandal, according to Reuters on September 9, 2026. DBS rejected the claim, said it would fight it vigorously and stated that it had made no provision for the lawsuit.

Stock stays near yearly high

DBS Group stock traded at SGD 78.00 on the SGX on September 25, 2026, with a 52-week range of SGD 50.26 to SGD 79.05. Its market capitalization was SGD 221,330,925,972, and volume reached 3,137,610 shares. The price was 1.33 percent below the 52-week high, leaving the target revision and margin trend as the clearest near-term valuation reference points.