F
Aug 7 at 05:34 AM
DBS: Peak earnings or new engine?
Q2 profit hit a record S$3.08bn, beating estimates, but NIM compressed sharply to 1.87%. Wealth fees surged 42% to S$919m, cushioning the rate drag. Sustainable? Likely—but at ~3x book, DBS looks richly priced. I’d divert fresh capital toward cheaper OCBC/UOB. (Reuters)
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.