Advertisement
Singapore markets close in 26 minutes

  • Straits Times Index

    3,297.30
    +24.58 (+0.75%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE 100

    8,088.53
    +43.72 (+0.54%)
     

  • Bitcoin USD

    66,751.58
    +639.79 (+0.97%)
     

  • CMC Crypto 200

    1,434.49
    +10.39 (+0.73%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,331.10
    -11.00 (-0.47%)
     

  • Crude Oil

    83.41
    +0.05 (+0.06%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,570.73
    +9.09 (+0.58%)
     

  • Jakarta Composite Index

    7,160.77
    +49.96 (+0.70%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Singapore's DBS expects earnings to grow over $7.5 bln in medium term

Reuters SG

May 22 (Reuters) - Singapore-based DBS group on Monday said it expects earnings of over S$10 billion ($7.55 billion) in the medium term, after it posted a record first-quarter profit earlier this month.

The group expects a return on equity of between 15% and 17% and common equity tier one ratio to be in the range of 12.5% to 13.5% in the medium term.

($1 = 1.3245 Singapore dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Sonia Cheema)