[Game] Can DBS Close Above $60 This Week?
$DBS(D05.SI)$ 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
Join the Prediction Game
Every participant who correctly predicts DBS's Friday closing price wins a share of 1,000 Tiger Coins.
Everyone gets 5 Tiger Coins just for joining. If no one gets it right, the 1,000 coins are split equally among all participants.
Comment below:
I think DBS will close at SGD ___ on Friday.
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
Leave your comments to win tiger coins~
For SG users only, welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
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.
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.
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.
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.
2. Yes, dbs is likely to outperform q1 net profit estimates
星展银行第一季度净利润会超出预期吗？否。
I think DBS will close at $59.50SGD on Friday
2.
Yes, DBS is likely to outperform Q1 net profit estimates
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
Will DBS beat the Q1 net profit estimate? No... slightly below expection
Yes, dbs is likely to outperform q1 net profit estimates
Will DBS beat the Q1 net profit estimate? Yes
Will DBS beat the Q1 net profit estimate? Yes
2. Yes