DBS Shares Fall Below $50 After a Week
Edge08-15
DBS Group Holdings’ share price has fallen below the $50 mark, a week after hitting record highs following the release of its results for 1HFY2025 ended June 30.
DBS shares reached an intra-day low of $49.88 prior to the midday break on Aug 15, just two days after hitting a 52-week high of $51.45 at the close of the Aug 13 session.
DBS’s 2QFY2025 net profit rose 1% y-o-y to $2.82 billion, 1% above consensus. Net profit for 1HFY2025 was slightly lower y-o-y at $5.72 billion compared to $5.76 billion this time last year.
DBS shares were trading 58 cents lower, or 1.11% down, at $49.91 just before the midday break at 12pm. DBS shares are up more than 13% year to date.
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.
