DBS

DBS deepens Hong Kong bet with US$334 million purchase of six floors at The Center

[HONG KONG] Singapore’s DBS deepened its bet on the Hong Kong wealth market on Wednesday (Apr 15), with its local unit purchasing six more floors at The Center for US$334.29 million in the city’s larg...

The rich from Europe and US are seeking to invest in businesses while some are looking for a secondary family office in Asia, said DBS' Joseph Poon.

DBS sees wealthy European, US clients more interested in Asia

DBS and local rivals drew a combined S$77 billion in net new wealth money last year

Wee Hur operates a portfolio of 6,779 student housing beds in five locations in Australia.
BROKERS’ TAKE

DBS initiates coverage on Wee Hur with ‘buy’, S$0.90 target price

The Pioneer Lodge dormitory is set to contribute S$30 million to S$40 million in revenue in 2026

Bringing forward the release of S$500 in Community Development Council Vouchers and enhancing Cost-of-Living payments are expected to drive immediate footfall to heartland supermarkets.

Sheng Siong, DBS among winners of Singapore’s S$1 billion energy support package: RHB

Most direct equity beneficiaries are in consumer staples and heartland retail, the brokerage says

Group head of DBS Private Bank Joseph Poon (4th from right) at the Euromoney award ceremony.

Innovating and disrupting itself is what helped DBS win award for world’s best private bank

DBS is the first Asia-headquartered bank to land this recognition from Euromoney

Shops in Little India are offering to buy back gold amid the global boom in prices.
HOCK LOCK SIEW

The real shine behind Singapore’s golden ambitions is not in gold’s meteoric price increase

Investors are faring well with listed gold counters hitting fresh highs, but the Republic is also aiming to benefit with the region’s ultimate vault

Tan Su Shan (left) and Halimah Yacob note that AI systems learn from historical data and may replicate real-world inequalities.

AI and gender inequality: DBS’ Tan Su Shan and former Singapore president Halimah Yacob look at rising risks

Their discussion at DBS International Women’s Day event also covers issues such as female representation in leadership roles

The Reit will feature South-east Asian assets of JD Property, Swiss investment firm Partners Group Holding and Hillhouse-backed EZA Hill Property Management.

JD.com-backed group picks banks for IPO of Singapore Reit: sources

The listing, which could raise about S$1 billion, may take place as soon as this year

More than 10 shareholders posed questions to DBS’ board at the in-person AGM.

DBS’ Tan Su Shan flags second-order risks from Middle East conflict despite limited exposure

Automotives, shipping and small businesses in focus as the lender tracks knock-on effects from prolonged tensions