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Singapore's DBS Bank Confident of 15%-17% ROE in Next 3-5 Years, CEO Says
Swift Eyes Launch of New CBDC Platform in 1-2 Years
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Singaporean Bank DBS Grows Sustainable Financing by 37% to $52.1 Bln in 2023
DBS GROUP HLDGS LTD To Go Ex-Dividend On April 5th, 2024 With 0.39819 USD Dividend Per Share
February 7th - $DBS GROUP HLDGS LTD(DBSDF.US)$ is trading ex-dividend on April 5th, 2024. Shareholders of record on April 8th, 2024 will receive 0.39819 USD dividend per share on April 19th, 2024.
DBS 4Q Earnings Preview: Potential Softening Due to Declining Net Interest Margins and Loan Volumes
As one of Singapore's largest banks, DBS has consistently drawn investors' attention. In its third-quarter guidance, the bank's executives indicated that they expect the net profit to be maintained around the record level set in 2023, despite the uncertainty stemming from a macroeconomic slowdown and geopolitical risks.
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ZnWC : DBS is not the first time to sell stake to focus on core business. Last year Singtel to sell 3.3% stake in Bharti Airtel for S$2.25 billion also received some attention. Although the reason for trimming the stake was different, I'm tempted to make a comparison.
What make DBS selling AXS's share surprising is the bank is no longer the largest shareholder and the timing of the sale. I don't think DBS is going to deposit more fund in MAS after the sales. My speculation is DBS wants to focus on it's core business.
I don't think payment business will be affected by this sales. What's important is what Jeffrey Goh will do to bring positive impact to the company.
Kopikarp : The acquisition of AXS signifies a notable shift in the payments industry, particularly due to the fact that AXS seems to lack an economic moat and has been somewhat tardy in entering the cloud payment arena. Established players like Grab and the interbank system, PayNow, have already captured significant market share, making it challenging for AXS to secure a strong foothold. Additionally, DBS Bank's decision to sell a majority stake in AXS could be interpreted as an acknowledgment that the company may struggle to compete in this increasingly crowded market. Therefore, while the acquisition could potentially transform AXS into a regional cloud-based payment solutions provider, its overall impact on the payments industry may be limited.