DBS Group Holdings (SGX:D05
) opened at $60 this morning when markets started trading, a new record high.
Shares of the Singaporean bank crossed the $50 mark in August. DBS is set to announce its 4QFY2025 and FY2025 results on Feb 9.
In a Nov 28 report, JP Morgan analysts Harsh Wardhan Modi and Daniel Andrew Tan say DBS stock is likely to reach $70 by December 2026. “The bank is one of the few Asian financial stocks that should be part of global portfolios, in the same way that HDFC Bank, Public Bank, CMB, BCA and CBA have been, to varying degrees, over the last 20 years,” the analysts write.
According to Bloomberg’s earnings estimates, DBS is expected to report a 4QFY2025 net profit of $2.6 billion and a full year net profit of $11.375 billion, higher than last year when it recorded net profits of $2.522 billion for 4QFY2024 and $11.289 billion for FY2024.
As of 9.36 am, shares of DBS are trading at $59.81. DBS shares are up by nearly 37% over the past year.
