DBS Group Holdings Ltd

D05: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SGD 53.00	Jzlqhj	Mjkbtkcdn

DBS Earnings: Singaporean Bank Delivers Another Excellent Quarter; Our Focus Is on Year-End Dividend

Michael Makdad

Nov 6, 2023

We keep our fair value estimate of SGD 41 for DBS Group, equivalent to 1.8 times 2023 projected book value and 22% above the current share price.

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