DBS Group's 2025 Shareholder Return Outlook Unclear, Says Morningstar

Dow Jones

Feb 10, 2025

0702 GMT - DBS Group's total shareholder return for 2025 remains unclear, Morningstar senior equity analyst Michael Makdad says in a note. The capital return dividend DBS announced for the current year means the bank will pay more in dividends than previously forecasted, Makdad notes. However, the timeline for when DBS's planned share buyback will be completed is still uncertain, making it difficult to determine if the total shareholder return will exceed forecasts, he says. Still, 4Q earnings were as strong as expected, and DBS has guided for net interest income to grow in 2025, even after assuming two U.S. Fed rate cuts, Makdad adds. Loan demand and fee income growth were also strong in 4Q, he adds. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 10, 2025 02:02 ET (07:02 GMT)

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The capital return dividend DBS announced for the current year means the bank will pay more in dividends than previously forecasted, Makdad notes. However, the timeline for when DBS's planned share buyback will be completed is still uncertain, making it difficult to determine if the total shareholder return will exceed forecasts, he says. Still, 4Q earnings were as strong as expected, and DBS has guided for net interest income to grow in 2025, even after assuming two U.S. Fed rate cuts, Makdad adds. Loan demand and fee income growth were also strong in 4Q, he adds. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 02:02 ET (07:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS Group's 2025 Shareholder Return Outlook Unclear, Says Morningstar</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS Group's 2025 Shareholder Return Outlook Unclear, Says Morningstar\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-10 15:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0702 GMT - DBS Group's total shareholder return for 2025 remains unclear, Morningstar senior equity analyst Michael Makdad says in a note. The capital return dividend DBS announced for the current year means the bank will pay more in dividends than previously forecasted, Makdad notes. However, the timeline for when DBS's planned share buyback will be completed is still uncertain, making it difficult to determine if the total shareholder return will exceed forecasts, he says. Still, 4Q earnings were as strong as expected, and DBS has guided for net interest income to grow in 2025, even after assuming two U.S. Fed rate cuts, Makdad adds. Loan demand and fee income growth were also strong in 4Q, he adds. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 02:02 ET (07:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0577902611.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510889484","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510889484","pubTimestamp":1739170920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0702 GMT - DBS Group's total shareholder return for 2025 remains unclear, Morningstar senior equity analyst Michael Makdad says in a note. The capital return dividend DBS announced for the current year means the bank will pay more in dividends than previously forecasted, Makdad notes. However, the timeline for when DBS's planned share buyback will be completed is still uncertain, making it difficult to determine if the total shareholder return will exceed forecasts, he says. Still, 4Q earnings were as strong as expected, and DBS has guided for net interest income to grow in 2025, even after assuming two U.S. Fed rate cuts, Makdad adds. Loan demand and fee income growth were also strong in 4Q, he adds. 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The capital return dividend DBS announced for the current year means the bank will pay more in dividends than previously forecasted, Makdad notes. However, the timeline for when DBS's planned share buyback will be completed is still uncertain, making it difficult to determine if the total shareholder return will exceed forecasts, he says. Still, 4Q earnings were as strong as expected, and DBS has guided for net interest income to grow in 2025, even after assuming two U.S. Fed rate cuts, Makdad adds. Loan demand and fee income growth were also strong in 4Q, he adds. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 02:02 ET (07:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}