DBS Group - OCBC Investment 2024-12-16: Share Buybacks, With More To Go…

• DBS commenced its S$3b shares buyback programme on 28 Nov. This programme should continue to provide support to DBS's share price for the near to medium term.

Shares buyback programme.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Will provide near to medium-term price support

• Based on the S$3b programme and assuming an average price of S$44.00, DBS is able to buy up to 68.2m shares, but the current maximum number of shares is capped at 51.58m shares.
• Based on 51.58m shares, DBS can buy up to a maximum price of about S$59.00 for the balance 47.5m shares (51.58m less 4.05m shares) under the programme.

Dividends will provide another layer of price support.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-02-10 DBS - A Dividend Seeker’s Haven.

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 Dividend Payout Dates & Corporate Actions,
DBS News