CGSI raises DBS target to SGD 79.50: DBS Group stock awaits Q3

Published on 10/15/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CGSI raised its DBS target to SGD 79.50 on October 12, 2026. DBS Group stock costs EUR 51.04 on October 15, 2026.

Analyst view and earnings outlook

CGS International raised its DBS target from SGD 77.10 to SGD 79.50 on October 12, 2026.
Third-quarter net profit was forecast at SGD 2.86 billion, down 3.2 percent year over year.
DBS Group stock trades at EUR 51.04 at 10:37 a.m. CEST at Lang & Schwarz on October 15, 2026.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group (SG1L01001701) was quoted at EUR 51.04 at Lang & Schwarz on October 15, 2026, at 10:37 a.m. CEST. The Business Times reported on October 13, 2026, that CGS International upgraded DBS to Add from Hold and raised its target from SGD 77.10 to SGD 79.50 in a research note dated October 12, 2026.

What does CGSI see?

The target change rests on projected return on equity of 20.00 percent and a projected fiscal year 2027 dividend yield of 4.80 percent, according to The Business Times. The same report said CGSI expected DBS to post third-quarter 2026 net profit of SGD 2.86 billion, down 3.20 percent from the prior year and 7.10 percent from the second quarter of 2026.

The forecast points to pressure on interest income. CGSI projected third-quarter 2026 net interest income of SGD 3.49 billion, down 2.40 percent year over year, while net interest margin was expected at 1.86 percent versus 1.96 percent a year earlier, Singapore Business Review reported on October 14, 2026.

When are results due?

MarketBeat listed November 5, 2026, as the estimated date for DBS Group's next earnings announcement, before the market opens. The report also listed consensus revenue of USD 4.73 billion and consensus earnings per share of USD 3.18, but those estimates refer to the ADR listing and are not used as the core valuation figures here.

Stock price and market value

The analyst upgrade gives DBS a near-term earnings test: the higher target depends on whether fee income and loan growth can offset pressure on the interest margin. The finance data snapshot showed market capitalization of SGD 209.5 billion on October 15, 2026.

DBS Group stock was trading at EUR 51.04 at Lang & Schwarz on October 15, 2026, at 10:37 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of DBS Group stock.