BROKER NAME: OCBC Investment Research
DATE OF REPORT: 6 November 2025

Excerpt from OCBC Investment Research report.

Report Summary

• DBS Group posted a strong 3Q25, beating expectations with record pre-tax profits and non-interest income, driven by robust wealth management performance and healthy asset quality.
• The bank maintains a positive dividend outlook with a step-up in 2026, expects stable total income despite softer rates, and is focused on growth in wealth management and digital initiatives, while keeping costs disciplined and asset quality strong.

Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website : https://www.ocbc.com/investments-banking/investment-research