[Game] Can DBS Close Above $60 This Week?

Tiger_SG
04-29 01:41
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$DBS(D05.SI)$ reports Q1 2026 results this Thursday, April 30. The stock has pulled back from its record highs since the FY2025 earnings miss in February — when DBS posted net profit of S$11.033B, falling short of the Bloomberg consensus of S$11.375B and down 3% YoY. 4Q FY2025 net profit of S$2.358B also came in 10% below the prior year.

Now heading into Q1, the bar has been set lower. But can DBS clear it?

What analysts expect for Q1 FY2026

  • Net profit consensus: S$2.78B (−4.0% YoY) — Visible Alpha poll

  • Total income: S$5.85B (−1.0% YoY)

Three things to watch

NIM compression continues.

CGS International forecasts a −3 bps sequential NIM decline, driven by falling SORA and HIBOR. 3-month SORA dropped sharply since the start of the year. DBS had already guided for SORA at 1.25% and two Fed rate cuts in 2026 — any rate path deviation will move guidance.

Wealth management as a wildcard.

With the Middle East conflict driving safe-haven capital flows into Singapore, Maybank Securities (head of research Thilan Wickramasinghe) flags that wealth fees and trading income could surprise to the upside. If this materialises, it could partially offset the NIM drag.

Guidance tone matters more than the number.

Morningstar analyst Kathy Chan notes that investors will be watching for any changes to DBS's stress test posture on Middle East second-order effects. DBS has minimal direct exposure — but the macro commentary will set the tone for the rest of the earnings season, ahead of OCBC (May 8) and UOB (May 7).

Quick snapshot

  • FY2025 net profit: S$11.033B (missed est. by ~3%)

  • 2026 income guidance: ~2025 levels

  • Current price (Apr 24): S$56.69

  • Q1 2026 consensus net profit: S$2.78B

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Comment below:

  1. I think DBS will close at SGD ___ on Friday.

  2. Will DBS beat the Q1 net profit estimate? Yes / No

(Closing price rounded to nearest dollar for reward distribution.)

🕒 Event time: 2026.4.29 – 2026.5.2 12:00 SGT

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DBS Earnings: Will Safe Haven Demand Support NII?
DBS will fire the first shot on April 30, followed by $UOB(U11.SI)$ (May 7) and $OCBC Bank(O39.SI)$ (May 8). Singapore’s three local lenders – DBS, OCBC and UOB – could see first-quarter net interest income supported by safe-haven deposit inflows linked to the ongoing Middle East war, analysts said. How do you expect DBS earnings? Can DBS sprint to 60 this time?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    04-29 05:08
    icycrystal
    Yes, DBS is expected to beat the Q1 2026 net profit estimate, according to projections that suggest a strong performance in wealth management and treasury customer sales, despite an overall slight year-on-year dip expected in net profit.
    the stock has recently faced some volatility but remains highly rated by analysts, with some 12-month targets reaching as high as S$68.30.
  • Adz5150
    04-29 03:38
    Adz5150
    I think $60 this week is possible, but it probably needs both a solid result and a reassuring tone on guidance.


    At these levels, I’d be watching whether the market focuses more on net interest margin pressure or on the strength of the broader franchise and wealth management business.


    My first reaction is that DBS can still deliver a respectable result, but getting through $60 convincingly may depend on whether management gives investors enough confidence that earnings quality remains strong from here.
  • koolgal
    04-29 17:34
    koolgal
    🌟🌟🌟Can DBS $DBS(D05.SI)$ close above SGD 60 tomorrow?    It is a coin toss but I believe it will close at SGD 59.00 tomorrow.

    The market is bracing for a good but not great performance that reflects a stabilising but pressured banking environment.

    Analysts expect a net profit of around SGD 2.78 billion to SGD 2.88 billion, a slight YoY decline of 2 to 4%.

    Net Interest Margin or NIM is expected to slide by 3 to 22 basis points as interest rates globally begin to moderate.  This means that DBS earns less on every loan.

    However the bright spot would be Wealth Management and treasury customer sales, potentially delivering mid teens growth to offset the weakness in interest income.

    As a dividend focused investor, I will be keen to find out whether DBS will maintain the SGD 0.15 cents quarterly capital return dividend plus the SGD 0.60 cents ordinary dividend.

    Closing above SGD 60.00 is nice but may not happen tomorrow.

    @Tiger_SG @Tiger_comments @TigerStars @TigerClub

  • TimothyX
    04-29 12:23
    TimothyX
    $DBS(D05.SI)$ reports Q1 2026 results this Thursday, April 30. The stock has pulled back from its record highs since the FY2025 earnings miss in February — when DBS posted net profit of S$11.033B, falling short of the Bloomberg consensus of S$11.375B and down 3% YoY. 4Q FY2025 net profit of S$2.358B also came in 10% below the prior year.
  • RXU
    04-29 08:09
    RXU
    No..DBS could very well post a solid, respectable report but that might not be enough to carry past $60. Not when war is stalled and the spillover effect is not fully known or materialised yet. the mood likely remain cautious. Further pressure of NIM is real and a focus. profit-taking at $60 more likely rather than a clean break above
  • Shyon
    04-29 07:43
    Shyon
    I think $DBS(D05.SI)$ will deliver a decent set of Q1 results, even if it’s not a blowout quarter. The bar has clearly been reset lower after the FY25 miss & with NIM compression already well flagged, lot of downside feels priced in. What matters is whether wealth management & trading income can provide some upside surprise, especially with safe-haven flows coming into Singapore.

    From a positioning standpoint, I don’t expect the stock to break out aggressively. Rate cuts & softer SORA will likely keep a lid on sentiment & I don’t think this is the kind of quarter that drives a sharp re-rating. That said, as long as guidance remains stable and management doesn’t sound overly cautious on macro risks, the market should react positively.

    So my call: I think DBS will beat the Q1 net profit estimate — Yes. But in terms of price action, I don’t see it closing above 60 this week. My prediction is that DBS will close at SGD 58 on Friday.

    @Tiger_SG @TigerStars @Tiger_comments @TigerClub

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