CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

DBS share price dips 0.56% after Q2 profit beat estimates

Higher total income helped the group beat market estimates for its second quarter net profit. Experts were predicting for the three months ending June to come in at S$1.47 billion.

Shares of Singapore-headquartered DBS Group Holdings eased 0.56% on Monday as some investors cash out after the bank posted a 17% gain in net profit for the second quarter, at S$1.60 billion.

Higher total income helped the group beat market estimates for its second quarter net profit. Experts were predicting for the three months ending June to come in at S$1.47 billion. Net profit for the second quarter last year was at S$1.37 billion.

This is as banks face a challenging outlook ahead with the Singapore economy at a growth that is at the slowest annual pace in a decade.

Earnings per share stood at S$2.47, up from S$2.12 a year ago. The group has declared a one-tier tax exempt dividend of 30 Singapore cents per share for the quarter, unchanged from the previous quarter.

DBS share price ease 0.56%

DBS shares eased 0.56% or S$0.15 to S$26.73 by 12pm Singapore time on Monday, the same day the bank’s results were released.

Year-to-date, the bank’s shares have risen by 12.8%, from S$23.69 on January 1, 2019.

DBS maintains mid-single-digit loan growth forecast for 2019

Total income for the second quarter rose by 16% to S$3.71 billion from S$3.20 billion a year ago.

DBS’ net interest income was up by 9% for the second quarter, helped by loans growth which was up by 5% in constant-currency terms. Net interest margin for the group improved six basis points to 1.91%, .

For the first half of this year, net profit rose by 12% to a record S$3.25 billion. Total income for the six months rose 11% to S$7.26 billion, from corporate loan growth, a higher net interest margin, record fee income, and an improved trading performance.

‘We achieved a record half-year performance despite heightened economic uncertainty and geopolitical tensions. The results reflect the strengths of an entrenched broad-based franchise that is well-placed to nimbly navigate market volatility and capture opportunities as they arise,’ commented DBS’ chief executive Piyush Gupta.


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.