Earnings Report /

DBS Group Holdings: Higher net interest income support profits

  • 1H22 PATMI is 47% of our FY22e forecast. 2Q22 DPS up 9% YoY at 36 cents.

  • NIM increased 13bps YoY to 1.58% and loan growth of 7% YoY lifted NII.

  • Maintain BUY with an unchanged target price of S$41.60.

Glenn Thum
Glenn Thum

Research Analyst

5 August 2022
Published byPhillipCapital


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