DBS Group stock: CGS International raises target to SGD 79.50
Published on 10/23/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and earnings date
- CGS International raised its DBS target from SGD 77.10 to SGD 79.50 on October 12, 2026.
- Second-quarter 2026 net profit rose 9.00 percent to SGD 3.10 billion.
- DBS Group stock costs EUR 51.81 at Lang & Schwarz on October 23, 2026 at 3:34 p.m. CEST.
- DBS is scheduled to release third-quarter 2026 earnings on November 4, 2026.
CGS International upgraded DBS Group from Hold to Add and raised its target from SGD 77.10 to SGD 79.50 in a research note dated October 12, 2026, according to Asia Economic Review. The new target stood 6.80 percent above DBS Group's Singapore price of SGD 74.44 on October 23, 2026. At Lang & Schwarz, the stock was trading at EUR 51.81 on October 23, 2026 at 3:34 p.m. CEST.
Second-quarter profit reached SGD 3.10 billion
DBS delivered net profit of SGD 3.10 billion in the second quarter of 2026, an increase of 9.00 percent from the same period a year earlier. Total income rose 6.00 percent to SGD 6.10 billion, while return on equity reached 17.90 percent, according to The Smart Investor.
The earnings mix also showed a clear trade-off. Net interest margin narrowed to 1.87 percent from 2.05 percent in the second quarter of 2025, while wealth-management fees increased 42.00 percent to SGD 919.00 million in the second quarter of 2026. That shift gives fee income a larger role as lower rates pressure lending margins.
DBS valuation and price position
DBS traded at a price-to-earnings ratio of 18.85 on October 23, 2026, with a market capitalization of SGD 211.70 billion. Its Singapore price stood within a 52-week range of SGD 52.85 to SGD 79.05, leaving the stock 5.83 percent below its high. The latest quote was SGD 74.44 on the Singapore Exchange at 5:13 p.m. SGT.
November 4 brings the next results
DBS is scheduled to release third-quarter 2026 earnings on November 4, 2026, as listed in the company calendar carried by MarketScreener. The same report records an average analyst target of SGD 79.28 from 17 analysts, placing the consensus 6.50 percent above the Singapore price of SGD 74.44.
What will the next report test?
The September quarter will show whether wealth-management momentum can continue to offset narrower interest margins. CGS International expects third-quarter net profit of SGD 2.86 billion, a 3.20 percent year-over-year decline, while net interest margin is projected at 1.86 percent, according to Asia Economic Review. The forecast makes fee growth and credit costs the main figures to compare with the second-quarter performance.
Euro quote remains the market frame
For German-market investors, the Lang & Schwarz quotation was EUR 51.81 on October 23, 2026 at 3:34 p.m. CEST. The Singapore listing provides the home-market comparison at SGD 74.44 on October 23, 2026.
The further course of trading is shown by the continuously updated real-time quote of DBS Group stock.
DBS Group market data
- Company: DBS Group Holdings Ltd
- ISIN: SG1L01001701
- Ticker: D05
- Primary exchange: Singapore Exchange
- Price Lang & Schwarz (as of October 23, 2026, 3:34 p.m. CEST): EUR 51.81
- Market capitalization: SGD 211.7 billion (as of October 23, 2026)
- 52-week range: SGD 52.85-79.05 (as of October 23, 2026)
- Price-to-earnings ratio: 18.85 (as of October 23, 2026)
- Sector / Industry: Financial Services / Banks
- Next earnings date: November 4, 2026
Market context: Current market reports.
