CGS International raises DBS Group stock target from SGD 77.10 to SGD 79.50
Published on 10/22/2026 at 09:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst case and reporting timetable
- On October 12, 2026, CGS International lifted its target from SGD 77.10 to SGD 79.50.
- The brokerage projected Q3 net profit of SGD 2.86 billion for the quarter ended September 2026.
- DBS Group stock trades at EUR 51.95 at 9:01 a.m. CEST at Lang & Schwarz on October 22, 2026.
- DBS Group's market capitalization was SGD 212.1 billion on October 22, 2026.
DBS Group (SG1L01001701) is facing its next earnings test after CGS International raised its target from SGD 77.10 to SGD 79.50 and upgraded the stock from Hold to Add on October 12, 2026, according to Asia Economic Review. The revision puts earnings quality and interest margins ahead of the bank's scheduled third-quarter report.
Target rises ahead of results
CGS International expects DBS to post net profit of SGD 2.86 billion for the third quarter ended September 2026, down 3.20 percent year over year and 7.10 percent quarter over quarter. The brokerage also projected net interest income of SGD 3.49 billion, a decline of 2.40 percent year over year and 2.50 percent quarter over quarter, according to Longbridge.
The upgrade rests on a stronger fee-income outlook. Non-interest income was projected to rise 2.90 percent year over year to SGD 2.42 billion, while wealth-management fees were forecast to increase 7.40 percent to SGD 855 million for the quarter. CGS International also estimated loan growth of 1.50 percent quarter over quarter.
What will shape the November results?
The main counterweight is margin pressure. Net interest margin was projected at 1.86 percent, down 10 basis points year over year and 1 basis point quarter over quarter, as fixed-rate assets reprice at lower rates. The same analysis said treasury customer sales and markets trading income could decline 11.90 percent and 14.70 percent quarter over quarter from their second-quarter levels.
Dates investors can mark
DBS is scheduled to release third-quarter earnings on November 5, 2026, according to Asia Economic Review. The report should show whether fee growth can offset weaker net interest income and whether the revised target is supported by operating figures.
EUR indication stays current
DBS Group was trading at EUR 51.95 at Lang & Schwarz on October 22, 2026 at 9:01 a.m. CEST. The Singapore-listed bank had a market capitalization of SGD 212.1 billion on the same date, while its 52-week range stood at SGD 52.40 to SGD 79.05.
The further course of trading is shown by the continuously updated real-time quote of DBS Group stock.
DBS Group stock key data
- Company: DBS Group Holdings Ltd
- ISIN: SG1L01001701
- Ticker: D05
- Primary exchange: Singapore Exchange
- Price Lang & Schwarz (as of October 22, 2026, 9:01 a.m. CEST): EUR 51.95
- Market capitalization: SGD 212.1 billion (as of October 22, 2026)
- 52-week range: SGD 52.40-79.05 (as of October 22, 2026)
- Sector / Industry: Financial Services / Banks
- Next earnings date: November 5, 2026
Market context: Latest market reports.
