|Bid||30.12 x 0|
|Ask||30.25 x 0|
|Day's range||29.93 - 30.25|
|52-week range||19.62 - 31.74|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||13.05|
|Earnings date||05 Nov 2021|
|Forward dividend & yield||1.32 (4.36%)|
|Ex-dividend date||13 Aug 2021|
|1y target est||N/A|
Singapore's DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30% annually for the next three years as digital tokens gain acceptability. In an interview, DBS's senior executives said DBS Digital Exchange, set up in December as a members-only bourse, is seeing robust demand from corporate investors, accredited individuals and investment firms that manage the fortunes of wealthy families. DBS's foray in the crypto business come after its CEO Piyush Gupta steered the bank to invest billions of dollars to upgrade its technology infrastructure over the past eight years as it embraced cloud computing and digitised its services.
Singapore banks will reward investors with higher payouts from better-than-expected earnings, just a week after the central bank lifted restrictions on dividends.
Singapore's DBS Group Holdings flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay home market fuelled a better-than-expected 37% jump in quarterly net profit for Southeast Asia's biggest lender. The bank joined local peers OCBC and United Overseas Bank in reporting strong results, but the sector's sequential performance slowed sharply, underscoring challenges to maintaining growth.