DBS Group - Phillip Securities 2025-08-09: CASA Growth Supports NII

• We prefer DBS among the Singapore banks given its fixed dividend per share policy. Maintain ACCUMULATE with a higher DBS's target price of S$52.00 (previously S$46.90) as we lower the beta to 1.1 (previously 1.2) to reflect DBS’ more defensive earnings profile, strong capital position, and relatively lower sensitivity to market volatility compared to its peers.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

The Positives

NII rises despite NIM decline.

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

Previous report by Phillip:
2025-05-09 DBS Group - Fee Growth Offsets Higher Allowances.

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