DBS Group Holdings Ltd (DBSM.SI)
19 Sep 2019
Mon, Jul 29 2019
SINGAPORE DBS Group Holdings Ltd beat market estimates with a 17% jump in second-quarter net profit as Southeast Asia's biggest lender benefited from rising interest rates, although a subsequent reversal in rate moves has clouded its outlook.
* Sector faces challenging outlook in weak economy (Adds CEO's comment from news conference)
SINGAPORE, July 29 DBS Group Holdings Ltd , Southeast Asia's biggest lender, beat market estimates with a nearly 17 percent rise in second-quarter profit, supported by an increase in net interest income.
SINGAPORE Southeast Asia's biggest lender DBS Group Holdings Ltd beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage and investment banking fees.
* Singapore mortgage market is weak spot - DBS CEO (Recasts with new comments from CEO, details of results)
* DBS Group earnings propel Singapore shares * Energy stocks lead losses in Thailand * Investors cautious ahead of China factory data and Fed meet By Aditya Soni April 29 Singapore shares touched a near 11-month peak on Monday, boosted by DBS Group Holdings after the lender posted a record quarterly profit, while most other Southeast Asian markets slipped as soft U.S. inflation data eclipsed upbeat GDP numbers. DBS Group, Southeast Asia's biggest lender, be
SINGAPORE, April 29 DBS Group Holdings Ltd , Southeast Asia's biggest lender, reported an 8.5 percent rise in quarterly profit on Monday to beat market estimates, powered by a rise in net interest income.