- DBS share price has rallied strongly and is trading very close to our fair value estimate of DBS. We are fairly comfortable about DBS's dividend payout for this year and the current dividend yield of 5.5% will continue to provide strong support for DBS share price in a lower rates environment.
Strong gains despite lower rates outlook
- - Read this at SGinvestors.io -
DBS share price hit historically all-time high
- - Read this at SGinvestors.io -
- At the current price, DBS (SGX:D05)'s market capitalisation is at about S$112b.
Good dividend yield will continue to support share price
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Carmen Lee OCBC Investment Research | https://www.iocbc.com/ 2024-09-24
Previous report by OCBC:
2024-08-08 DBS Group - 2Q24 Earnings Higher Than Consensus Estimate.
Price targets by 4 other brokers at DBS Target Prices.
Listing of research reports at DBS Analyst Reports.
Relevant links:
DBS Share Price History,
DBS Announcements,
DBS Dividends & Corporate Actions,
DBS News Articles
