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DBS Group Holdings Ltd D05 Stock Quote

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Morningstar‘s Stock Analysis D05

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Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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DBS Group Is Leveraged to Regional in Greater China and Regional Asia

Michael Wu, CAIA Senior Equity Analyst

Business Strategy and Outlook

| Michael Wu, CAIA |

DBS Group is Singapore's largest bank, with operations spanning Hong Kong, Greater China, and Southeast Asia. The bank expanded its reach through acquisitions over the past decade, but organic growth is the key earnings driver in future. We expect the bank to build on its existing infrastructure and increase products through its distribution channels. Small to midsize enterprises, transactional banking, and wealth management are key areas of focus. All are leveraged to an increase in trade in the Asian region and a rising middle class and income levels as regional economies thrive. The bank has also launched digital banks in India and Indonesia.

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Key Statistics D05

Company Profile D05

Business Description

DBS Group is a Singapore-based banking group providing a full range of consumer, small to midsize enterprise, and corporate and institutional banking services. Its footprint is concentrated in Singapore and Greater China. Recent acquisition of Lakshmi Vilas Bank in India bolstered the bank's operations in the country. The acquisition of Citibank Taiwan's operation is expected to also add scale to DBS' operation there. The bank's wealth management business is one of the largest in Asia, with assets under management totaling SGD 291 billion as at the end of 2021.

Contact
12 Marina Boulevard, Marina Bay Financial Centre Tower 3
Singapore, 018982, Singapore
T +65 68788888
Industry Banks - Regional
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 33,475