Broker Name: OCBC Investment Research
Date of Report: 13 October 2025
Excerpt from OCBC Investment Research report.
Report Summary
- DBS Group Holdings reached a new historical high in share price, outperforming both its peers and the broader Singapore market, but now trades close to fair value, leading OCBC to downgrade its rating from Buy to Hold.
- Despite global volatility and lower interest rates, DBS remains resilient due to strong balance sheets, low non-performing loans, robust wealth management, and attractive dividend yields, but faces risks from economic slowdown and margin pressures.
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/group/investment-research
