[Game] Can DBS Close Above $60 This Week?
$DBS(D05.SI)$ reports Q1 2026 results this Thursday, April 30. The stock has pulled back from its record highs since the FY2025 earnings miss in February — when DBS posted net profit of S$11.033B, falling short of the Bloomberg consensus of S$11.375B and down 3% YoY. 4Q FY2025 net profit of S$2.358B also came in 10% below the prior year.
Now heading into Q1, the bar has been set lower. But can DBS clear it?
What analysts expect for Q1 FY2026
Net profit consensus: S$2.78B (−4.0% YoY) — Visible Alpha poll
Total income: S$5.85B (−1.0% YoY)
Three things to watch
NIM compression continues.
CGS International forecasts a −3 bps sequential NIM decline, driven by falling SORA and HIBOR. 3-month SORA dropped sharply since the start of the year. DBS had already guided for SORA at 1.25% and two Fed rate cuts in 2026 — any rate path deviation will move guidance.
Wealth management as a wildcard.
With the Middle East conflict driving safe-haven capital flows into Singapore, Maybank Securities (head of research Thilan Wickramasinghe) flags that wealth fees and trading income could surprise to the upside. If this materialises, it could partially offset the NIM drag.
Guidance tone matters more than the number.
Morningstar analyst Kathy Chan notes that investors will be watching for any changes to DBS's stress test posture on Middle East second-order effects. DBS has minimal direct exposure — but the macro commentary will set the tone for the rest of the earnings season, ahead of OCBC (May 8) and UOB (May 7).
Quick snapshot
FY2025 net profit: S$11.033B (missed est. by ~3%)
2026 income guidance: ~2025 levels
Current price (Apr 24): S$56.69
Q1 2026 consensus net profit: S$2.78B
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Comment below:
I think DBS will close at SGD ___ on Friday.
Will DBS beat the Q1 net profit estimate? Yes / No
(Closing price rounded to nearest dollar for reward distribution.)
🕒 Event time: 2026.4.29 – 2026.5.2 12:00 SGT
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the stock has recently faced some volatility but remains highly rated by analysts, with some 12-month targets reaching as high as S$68.30.
At these levels, I’d be watching whether the market focuses more on net interest margin pressure or on the strength of the broader franchise and wealth management business.
My first reaction is that DBS can still deliver a respectable result, but getting through $60 convincingly may depend on whether management gives investors enough confidence that earnings quality remains strong from here.
I think $60 this week is possible, but it probably needs both a solid result and a reassuring tone on guidance.
At these levels, I’d be watching whether the market focuses more on net interest margin pressure or on the strength of the broader franchise and wealth management business.
My first reaction is that DBS can still deliver a respectable result, but getting through $60 convincingly may depend on whether management gives investors enough confidence that earnings quality remains strong from here.
2. Yes, dbs is likely to outperform q1 net profit estimates
The market is bracing for a good but not great performance that reflects a stabilising but pressured banking environment.
Analysts expect a net profit of around SGD 2.78 billion to SGD 2.88 billion, a slight YoY decline of 2 to 4%.
Net Interest Margin or NIM is expected to slide by 3 to 22 basis points as interest rates globally begin to moderate. This means that DBS earns less on every loan.
However the bright spot would be Wealth Management and treasury customer sales, potentially delivering mid teens growth to offset the weakness in interest income.
As a dividend focused investor, I will be keen to find out whether DBS will maintain the SGD 0.15 cents quarterly capital return dividend plus the SGD 0.60 cents ordinary dividend.
Closing above SGD 60.00 is nice but may not happen tomorrow.
@Tiger_SG @Tiger_comments @TigerStars @TigerClub
星展银行第一季度净利润会超出预期吗？否。
I think DBS will close at $59.50SGD on Friday
2.
Yes, DBS is likely to outperform Q1 net profit estimates
From a positioning standpoint, I don’t expect the stock to break out aggressively. Rate cuts & softer SORA will likely keep a lid on sentiment & I don’t think this is the kind of quarter that drives a sharp re-rating. That said, as long as guidance remains stable and management doesn’t sound overly cautious on macro risks, the market should react positively.
So my call: I think DBS will beat the Q1 net profit estimate — Yes. But in terms of price action, I don’t see it closing above 60 this week. My prediction is that DBS will close at SGD 58 on Friday.
@Tiger_SG @TigerStars @Tiger_comments @TigerClub
Will DBS beat the Q1 net profit estimate? No... slightly below expection
Yes, dbs is likely to outperform q1 net profit estimates
Will DBS beat the Q1 net profit estimate? Yes
2) Will DBS beat the Q1 net profit estimate? Yes
Will DBS beat the Q1 net profit estimate? Yes