Key Indices
Top Stories
Company Results | DBS Group Holdings (DBS SP/BUY/S$71.20/Target: S$84.70)
- DBS reported a 3Q26 net profit of S$2,813m, down 5% yoy and 9% qoq, due to weaker markets trading income. Underlying momentum remained healthy, with NII rising 4% yoy, wealth AUM reaching S$544b and record net new money of S$15b. Asset quality improved as NPL ratio fell to 0.9%. Maintain BUY. Target price: S$84.70..
Market Spotlight
- US stocks were lower on Thursday. All indices slid as the information technology, industrials and consumer discretionary sectors fell. There were more decliners than advancers on both NYSE and NASDAQ.
- The FSSTI rose 27.62 points to 5,296.25, on the back of weakness in DBS and OCBC Bank, with mid-cap indices rising while small-cap indices fell with a broad market decline on a S$2.77b turnover.
Technical Analysis
Singapore Tech Engineering | STE SP
Trading Sell Range: S$9.81-9.82
SIA Engineering | SIE SP
Trading Buy Range: S$2.89-2.90
Top Stories
Company Results | DBS Group Holdings (DBS SP/BUY/S$71.20/Target: S$84.70)
- DBS reported a 3Q26 net profit of S$2,813m, down 5% yoy and 9% qoq, due to weaker markets trading income. Underlying momentum remained healthy, with NII rising 4% yoy, wealth AUM reaching S$544b and record net new money of S$15b. Asset quality improved as NPL ratio fell to 0.9%. Maintain BUY. Target price: S$84.70..
Market Spotlight
- US stocks were lower on Thursday. All indices slid as the information technology, industrials and consumer discretionary sectors fell. There were more decliners than advancers on both NYSE and NASDAQ.
- The FSSTI rose 27.62 points to 5,296.25, on the back of weakness in DBS and OCBC Bank, with mid-cap indices rising while small-cap indices fell with a broad market decline on a S$2.77b turnover.
Technical Analysis
Singapore Tech Engineering | STE SP
Trading Sell Range: S$9.81-9.82
SIA Engineering | SIE SP
Trading Buy Range: S$2.89-2.90
Key Indices
IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
