DBS Group Holdings (SG:D05)
SGX:D05
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.97Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a cautiously constructive tone: the bank delivered several tangible positives (strong deposit inflows, robust wealth momentum with SGD 10bn net new money, successful Q1 hedging, resilient NII and disciplined provisioning backed by extensive stress tests). However, material headwinds remain — notably a ~150 bp SORA decline, modest NIM compression (4–5 bps), heightened SORA sensitivity (SGD 11m per bp) and geopolitical uncertainty that leaves dividends and buyback deployment conditional. On balance the operational and financial strengths and active risk management currently outweigh the visible macro and rate-related challenges.Company Guidance
Strong Deposit Growth and CASA Accretion
Deposit growth upgraded from mid-single-digit to high single-digit guidance; multiple sources of inflows (retail bonus, corporate operating balances, FD campaigns). Management emphasized CASA growth as a strategic priority — increases NII even if it raises NIM sensitivity.
Robust Wealth Momentum and Fees
Wealth revenue in Q1 exceeded SGD 900 million; net new money of ~SGD 10 billion (SGD 6 billion from high-net-worth/private banking, SGD 4 billion from Treasures). AUM composition: ~58% in investment products; digital wealth AUM has doubled recently.
Bancassurance Strength
Bancassurance performance described as 'exceptionally strong' and accounts for ~20% of total wealth fees; management sees banca as a durable, countercyclical source of recurring fees and client stickiness.
Hedging Execution and Improved Roll Pricing
Bank 'over replaced' maturing hedges in Q1 and reported improved roll pricing (now ~40 basis points below prior price vs prior expectation of ~50 bps). Remaining hedging to execute: ~SGD 60 billion for the rest of the year.
Resilient NII Despite Rate Drift
Management reiterated focus on NII rather than NIM. NII outcome described as 'slightly down' vs prior period but resilient owing to deposit growth, active hedging and HQLA deployment; deployed surplus deposits typically yield ~1.0–1.2%.
Comprehensive Stress Testing and Provisioning Discipline
Extensive top-down and bottom-up stress tests (oil stress-tested to USD 120–200, currency depreciations of 20–30%, demand disruption scenarios) — management says existing general provisions provide 'ample coverage' and no GP release now.
Constructive Commercial Loan Pipeline
Non-trade corporate loan pipeline described as 'decent' with growth in tech/TMT, data centers, renewables, metals/mining and acquisition financing; some Hong Kong real-estate exposures saw early repayments improving credit profile.
Capital Actions and Optionality
Buyback progress: SGD 400 million completed, SGD 2.6 billion remaining available through 2027. Management reiterated prudence on capital use and confirmed buyback capital could be redeployed or returned as dividends if unused.
SG:D05 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SG:D05 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | S$56.56 | S$58.50 | +3.43% |
Nov 05, 2025 | S$52.03 | S$54.01 | +3.81% |
Aug 07, 2025 | S$47.67 | S$48.62 | +1.99% |
May 07, 2025 | S$40.30 | S$40.61 | +0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does DBS Group Holdings (SG:D05) report earnings?
DBS Group Holdings (SG:D05) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is DBS Group Holdings (SG:D05) earnings time?
DBS Group Holdings (SG:D05) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of DBS Group Holdings stock?
The P/E ratio of DBS Group Holdings is N/A.
What is SG:D05 EPS forecast?
SG:D05 EPS forecast for the fiscal quarter 2026 (Q2) is 0.97.
