Market SnapshotSingapore stocks opened higher on Monday. STI rose 1%; DBS up 2.5%, ocbc up 1%, UOB up 1%.Stocks to WatchDBS posted net profit for the fourth quarter that was 11 per cent higher compared with the year-ago period, but fell slightly short of expectations. Net profit for the three months ended Dec 31, 2024, was at S$2.52 billion, compared with S$2.27 billion from the year-ago period. Excluding one-off items – a S$100 million corporate social responsibility commitment to DBS Foundation and other charitable causes – Q4 net profit would have been up 10 per cent at S$2.62 billion.The manager of Elite UK Reit on Monday (Feb 10) posted a distribution per unit (DPU) of 1.47 pence for the second half ended Dec 31, representing a payout ratio of 95 per cent.This was 5.8 per ce
With DBS at an All-Time High, Are OCBC & UOB Next?
DBS soared to a record high on Monday after Singapore's largest bank flagged an improvement in net interest income for 2025 and a dividend capital return plan, in line with a jump in fourth-quarter profit that met expectations. DBS now expects 2025 group net interest income to slightly exceed last year's S$15.04 billion ($11.1 billion), an upgrade from its previous forecast of remaining at 2024 levels. ------------------ DBS Upgrades 2025 Outlook—What Does This Mean for Singapore Banks? Will it hit $50 in Feb.? Are you holding DBS? What's your take-profit target?
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