DBS Group Holdings Ltd

D05: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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DBS Earnings: Buyback Announcement Is Positive Surprise; Fair Value Maintained on Higher Tax Rate

Michael Makdad

Nov 7, 2024

DBS Group Holdings reported third-quarter net profit of SGD 3.03 billion, representing annualized return on equity of 18.3%, and announced an SGD 3 billion share buyback, or 2.5% of shares outstanding at current prices. The bank's shares rose almost 7% in Singapore trading Thursday.

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DBS Group Holdings Ltd

DBS Earnings: Buyback Announcement Is Positive Surprise; Fair Value Maintained on Higher Tax Rate

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