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Analysts raise target prices, dividend estimates on DBS, predicting higher valuation ahead

Maybank says DBS is giving significant visibility on capital returns

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Romaine Chan

Published Tue, Feb 11, 2025 · 12:45 PM
    • Maybank Securities raises its target price for DBS by nearly 10% to S$51.37, while RHB ups its target price by nearly 15% to S$51.20.
    • Maybank Securities raises its target price for DBS by nearly 10% to S$51.37, while RHB ups its target price by nearly 15% to S$51.20. PHOTO: YEN MENG JIIN, BT

    ANALYSTS have raised their target prices for DBS after the lender on Monday (Feb 10) posted full-year net profit that reached a record high. This points to potentially higher valuations and the bank dishing out more dividends ahead.

    Maybank Securities raised its target price for DBS by nearly 10 per cent to S$51.37 from S$46.91, with a “buy” rating. RHB on Tuesday maintained its “buy” rating, and raised its target price by nearly 15 per cent to S$51.20 from S$44.70.

    Shares of DBS closed S$0.53 or 1.2 per cent lower at S$44.85 on Tuesday.

    DBSSingapore banksSingapore Stocks

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