Broker Name: Maybank Research Pte Ltd
Date of Report: November 6, 2025

Excerpt from Maybank Research Pte Ltd report.

Report Summary:

• DBS Group delivered core-earnings ahead of expectations, showing resilience through effective hedging, credit expansion, and strong liquidity management despite lower rates.
• The bank’s scale, technology integration, and presence in key wealth centres position it for growth, supported by investments in AI and tokenisation, while offering attractive dividend yields above 6% and maintaining solid asset quality and capital ratios.

Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website : https://www.maybank.com/investment-banking