Should I buy DBS stock in 2025?
Is it the right time to buy DBS?
ScoreDBS Group Holdings (SGX: D05), Southeast Asia's largest bank by market capitalisation, is trading at approximately SGD 45.21 as of July 2025, with an average daily trading volume around 5.63 million shares. This robust liquidity reflects steady investor engagement in one of Singapore’s leading blue-chip stocks. The recent change in leadership, with Tan Su Shan taking over as CEO, marks a pivotal but smoothly managed transition after 15 years under Piyush Gupta. Additionally, DBS continues its expansion drive, particularly targeting growth in Australia and reinforcing its digital leadership across Asian markets. While Q1 2025 saw a modest dip in net profit, pre-tax earnings reached a record high, exceeding analyst expectations and reinforcing confidence in the bank’s operational resilience. Market sentiment remains moderately optimistic, with technical indicators suggesting a structural upward bias and fundamental investors attracted by DBS’s strong dividend yield and solid capital position. In the broader financial sector, DBS stands out for its innovative approach, strong wealth management presence, and commitment to digital transformation. The consensus target price of SGD 58.77, based on input from more than 12 national and international banks, supports the constructive outlook for the stock’s medium-term potential.
- ✅Market leader in Singapore and highly regarded across Southeast Asia.
- ✅Attractive dividend yield currently at 6.68%, backed by strong cash flow.
- ✅Outstanding digital banking innovation and rapid technology adoption.
- ✅Consistently high return on equity at 16.75%, reflecting efficient operations.
- ✅Expanding international footprint, notably in Australia and Asian wealth management.
- ❌Exposed to regional economic slowdowns and heightened geopolitical uncertainties.
- ❌Recent CEO transition may add near-term strategic execution risk.
Score- ✅Market leader in Singapore and highly regarded across Southeast Asia.
- ✅Attractive dividend yield currently at 6.68%, backed by strong cash flow.
- ✅Outstanding digital banking innovation and rapid technology adoption.
- ✅Consistently high return on equity at 16.75%, reflecting efficient operations.
- ✅Expanding international footprint, notably in Australia and Asian wealth management.
Is it the right time to buy DBS?
- ✅Market leader in Singapore and highly regarded across Southeast Asia.
- ✅Attractive dividend yield currently at 6.68%, backed by strong cash flow.
- ✅Outstanding digital banking innovation and rapid technology adoption.
- ✅Consistently high return on equity at 16.75%, reflecting efficient operations.
- ✅Expanding international footprint, notably in Australia and Asian wealth management.
- ❌Exposed to regional economic slowdowns and heightened geopolitical uncertainties.
- ❌Recent CEO transition may add near-term strategic execution risk.
Score- ✅Market leader in Singapore and highly regarded across Southeast Asia.
- ✅Attractive dividend yield currently at 6.68%, backed by strong cash flow.
- ✅Outstanding digital banking innovation and rapid technology adoption.
- ✅Consistently high return on equity at 16.75%, reflecting efficient operations.
- ✅Expanding international footprint, notably in Australia and Asian wealth management.
- What is DBS?
- What is the DBS stock price?
- Our full analysis of the DBS stock
- How to buy DBS stock in Singapore?
- Our 7 Tips for Buying DBS Stock
- The latest news about DBS
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of DBS for over three years. Every month, hundreds of thousands of users in Singapore trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by DBS.
What is DBS?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | DBS is Singapore’s leading bank, benefiting from strong domestic financial regulation. |
| 💼 Market | Singapore Exchange (SGX) | Listed on the SGX, allowing easy access for local and regional investors. |
| 🏛️ ISIN code | SG1L01001701 | The ISIN ensures transparent identification and international tradability for DBS shares. |
| 👤 CEO | Tan Su Shan | The new CEO since March 2025 adds fresh leadership after Piyush Gupta’s long tenure. |
| 🏢 Market cap | SGD 128.56 billion | DBS is the largest listed company in Singapore, a sign of its scale and stability. |
| 📈 Revenue | SGD 5.82 billion (Q1 2025) | Solid quarterly revenue shows continued growth within the regional banking sector. |
| 💹 EBITDA | Not separately disclosed | Focus is on net profit and pre-tax profit due to banking sector reporting practice. |
| 📊 P/E Ratio (Price/Earnings) | 11.47 | The current P/E suggests DBS is attractively valued compared to global bank peers. |
What is the DBS stock price?
The price of DBS stock is rising this week. The latest price stands at SGD 45.21, up by SGD 0.26 over the last 24 hours and showing a weekly increase of 0.44%. DBS boasts a market capitalisation of SGD 128.56 billion and an average three-month trading volume of 5.63 million shares. The stock trades at a P/E ratio of 11.47, features an attractive dividend yield of 6.68%, and has a beta of 0.51, indicating relatively low volatility. This positive momentum and strong yield highlight DBS as a key blue-chip in the Singapore market.
Our full analysis of the DBS stock
Having rigorously reviewed DBS's latest financial statements and analyzed its stock trends over the past three years, we combined insights from quantitative indicators, technical signals, market sentiment, and peer benchmarks through our proprietary algorithms. Our approach synthesizes a unique blend of market intelligence and contextual data to uncover timely investment opportunities. So, why might DBS stock once again become a strategic entry point into the banking and fintech sector in 2025?
Recent performance and market context
DBS has continued its impressive streak with shares recently trading at SGD 45.21, marking a 19% gain over the past year and achieving a steady climb of 0.44% this week despite a broader period of consolidation in regional indices. The market’s latest momentum has been powered by a combination of upbeat Q1 2025 results and robust sector trends, such as the rapid recovery of regional lending, digital banking adoption, and increased cross-border transactional flows. Highlights in the past quarter include DBS’s record pre-tax profit, a historic crossing of the SGD 100 billion (USD) market cap milestone, and the group’s inclusion as the largest publicly traded company in Singapore. The successful CEO transition to Tan Su Shan has also sparked investor optimism by signaling visionary continuity and fresh energy for the next phase of growth.
Significantly, sector tailwinds remain strong for Singapore’s banks, with rising net interest margins and a moderate economic expansion fueling further confidence, even as global uncertainties persist. The “moderate buy” analyst consensus reflects this improving backdrop, suggesting that the market widely recognizes upside potential in the sector’s most innovative and best-capitalized franchise.
Technical analysis
A deep dive into DBS’s technical picture reveals a structurally bullish formation. The current RSI of 56.9 places the stock comfortably in neutral-to-bullish territory, avoiding overbought risk while maintaining firm positive momentum. The MACD indicator, albeit modestly negative, is showing signs of stabilization—a signal often preceding a new rally leg when supported by improving price action.
Crucially, the stock trades above its 20-, 50-, 100-, and 200-day moving averages, underlining both short- and medium-term strength. Strong technical support is observed at SGD 44.58, while resistance at SGD 45.63, if broken, could clear the path to new multi-year highs. The 52-week trading range of SGD 32.70 to SGD 46.97, paired with volume clusters at higher levels, signals robust demand absorbing any profit-taking. These factors together point towards a market structure that is primed for bullish breakouts with limited immediate downside risk.
Fundamental analysis
DBS’s fundamentals continue to set the high-water mark for banking excellence in Asia. Q1 2025 saw net profit reach SGD 2.897 billion, with pre-tax profits hitting an all-time quarterly record—an achievement powered by resilient fee income, disciplined cost management, and innovation-driven growth. Annualized, this performance sustains a return on equity of 16.75%, placing DBS among the most efficient lenders globally.
Revenue momentum is further propelled by strong loan book growth and a strategic vision embracing multi-market expansion—most notably efforts to double the Australian loan portfolio and expand its already-dominant presence in Greater China and Southeast Asia. Despite global headwinds, net interest income has remained robust, underlining the group’s asset quality and prudent risk controls.
On valuation, the stock’s P/E ratio of 11.47 stands out as attractive relative to both global and regional blue-chip peers, offering a clear margin of safety while retaining significant upside. The 6.68% forward dividend yield is outstanding among financials worldwide, providing ample compensation for holding, while the group’s solid capital position and forward-oriented digital leadership serve as powerful long-term differentiators.
DBS’s ongoing digital transformation—building on recognized leadership in fintech, AI-driven banking, and personalized wealth management—further amplifies its structural edge. Its forward-thinking technology platforms, industry recognition, and strong franchise value continue to anchor its superior market share and brand reputation across Asia.
Volume and liquidity
The stock’s average trading volume of 5.63 million shares over the past three months signifies sustained market interest and depth, supporting efficient price discovery and high liquidity. This healthy participation signals investor confidence even during volatile periods. With a market capitalisation of SGD 128.56 billion and 2.84 billion shares in free float, DBS represents a preferred institutional holding, providing ample room for both retail and professional investors to enter or scale their positions without significant slippage—one of the surest marks of an investible large cap.
This depth of liquidity means that DBS is well positioned for dynamic price adjustments in response to new developments, and its weighting in major indices ensures that demand remains high, especially from passive investment flows.
Catalysts and positive outlook
Multiple near- and medium-term catalysts support a positive view. First, the expansion into Australia and improved market share in Asia present material upswing opportunities, especially given the targeted doubling of the Australian loan book over the next five years. Secondly, the ongoing digitalization drive and continuous investment in AI, cybersecurity, and personalized financial solutions keep DBS at the innovation forefront. Wealth management, now exceeding SGD 432 billion in assets under management, is set to further accelerate top- and bottom-line growth.
Sustainability initiatives and a strong ESG agenda, alongside longstanding governance standards, have recently earned DBS significant international recognition—enhancing its reputation as an ethical and forward-thinking industry leader. Notably, the firm’s strategic moves towards climate-friendly lending and digital CSR projects are expected to attract further flows from global sustainability-focused investors.
Rounding out the positive picture are macro factors—the expected steady growth of Singapore’s financial services sector, continued recovery in regional trade and tourism flows, and accommodative local monetary policy. These drivers are reinforced by an analyst consensus price target above SGD 46, confirming that institutional outlooks remain bullish.
Investment strategies
Investors seeking to position themselves for the short, medium, or long term can each find compelling reasons for renewed interest in DBS. For short-term traders, technical support near SGD 44.58 provides an actionable price floor, especially as the stock consolidates just below 52-week highs within a robust uptrend. Medium-term participants will see the momentum from higher EPS, dividend reliability, and digital transformation as attractive drivers, especially if macroeconomic risks subside further.
Long-term investors, meanwhile, benefit from the dominant franchise, proven management, and clear vision for cross-border leadership. The combination of defensive balance sheet strength, attractive valuation, and sector-leading yield positions DBS as an anchor holding in any diversified portfolio. Entering ahead of the next key catalyst—such as quarterly or full-year earnings, product innovations, or new market entries—could deliver outsized returns, especially as consensus upgrades continue to emerge.
Optimal positioning may be achieved at current levels, as technical and fundamental bases align. The stock’s resilience, premium brand equity, and strong market signals mean that timing a position now appears well supported by both data and market consensus.
Is it the right time to buy DBS?
DBS exhibits all the hallmarks of a stock entering a promising new phase. Leading recent gains, a record-breaking market capitalization, exceptional dividend yield, and standout valuation together make for a highly attractive investment profile. Supporting trends include world-class profitability, rapid digital transformation, and a robust growth pipeline under dynamic new leadership. With strong technical signals, consistent earnings outperformance, and continuous innovations igniting fresh demand, the fundamentals justify renewed interest from both institutional and retail investors alike.
As the Singapore market looks set to capitalize on regional growth, regulatory stability, and rising asset allocation flows into resilient Asian financials, DBS seems to represent an excellent opportunity for investors seeking quality, income, and upside. The stock’s favorable risk-reward profile, supported by both analytical and market perspectives, may mark the start of its next bullish phase—making this a strategic moment to consider exposure or build positions ahead of anticipated catalysts.
In the context of an increasingly complex global market, DBS stands out as a beacon of stability, growth, and innovation—offering what may prove to be one of the most compelling entries into Asian banking in 2025 and beyond.
How to buy DBS stock in Singapore?
Buying DBS stock online is both straightforward and safe when you use a regulated broker in Singapore. You can invest using two main methods: direct spot buying, which makes you a shareholder, or Contracts for Difference (CFDs), which let you trade price movements with leverage. Each method has its own benefits and risks. To help you choose the broker that best suits your needs, a broker comparison section is available further down the page.
Spot buying
A cash purchase of DBS stock means you own real shares listed on the Singapore Exchange, benefiting from price appreciation and regular dividends. Local brokers often charge a fixed commission per trade, generally about SGD 5–10, making it convenient for all investors.
DBS Share Purchase and Gain Scenario
If the DBS share price is SGD 45.21, you can buy around 22 shares with a SGD 1,000 stake, including a brokerage fee of around SGD 5.
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth SGD 1,100.
Result: +SGD 100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading on DBS shares lets you speculate on price changes without owning the underlying shares, and you can use leverage to amplify your exposure. With CFDs, you pay a spread (the difference between buy and sell prices) and, if holding overnight, a small financing fee.
CFD Gain Scenario
You open a CFD position on DBS shares, with 5x leverage and a SGD 1,000 stake.
This gives you a market exposure of SGD 5,000.
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +SGD 400 gain, on a bet of SGD 1,000 (excluding fees).
Final advice
Always compare the fees, services, and platforms offered by different brokers before investing. The best method—spot buying or CFD trading—depends on your objectives, time horizon, and risk profile. For a comprehensive overview of your options, refer to the brokerage comparison tool further down the page.
Check out the best brokers in Singapore!Compare brokersOur 7 Tips for Buying DBS Stock
| 📊 Step | 📝 Specific tip for DBS |
|---|---|
| Analyze the market | Explore the Singapore banking sector trends and DBS’s leading role in digital transformation. |
| Choose the right trading platform | Pick a MAS-regulated broker offering access to SGX and competitive fees when trading DBS shares. |
| Define your investment budget | Determine your budget, keeping in mind DBS’s blue-chip status and potential for stable dividends. |
| Choose a strategy (short or long term) | Consider a long-term approach, leveraging DBS’s growth, global expansion, and strong fundamentals. |
| Monitor news and financial results | Keep up with DBS’s quarterly results, dividend announcements, and major regional expansions. |
| Use risk management tools | Set price alerts and stop-loss orders to manage risk when investing in DBS stock. |
| Sell at the right time | Review your portfolio and consider selling during high valuations or before significant policy changes. |
The latest news about DBS
DBS share price reaches new yearly high, reflecting sustained investor confidence and positive bank sector momentum. In the past week, DBS stock climbed to SGD 45.21, supported by a 0.44% gain amid ongoing demand for blue-chip Singaporean financials. This strong price performance underscores the market’s positive sentiment and the appetite for stable dividend-yielding stocks in the current interest rate environment.
DBS maintains its leading dividend yield among local banks, reinforcing its appeal to Singapore investors. The announced forward dividend yield of 6.68% and stable quarterly DPU (dividend per unit) continue to attract retail and institutional interest, bolstering DBS’s reputation as one of the most rewarding stocks for income-focused portfolios in Singapore.
New CEO Tan Su Shan marks a strong leadership transition, ensuring continuity of strategic vision and operational excellence. The leadership change at the end of March 2025 has been received positively, with analysts highlighting Tan Su Shan’s extensive experience in wealth management and digital banking—a critical driver for DBS’s innovation track record and ability to maintain regional pre-eminence.
Recent analyst consensus upgrades DBS to “Moderate Buy,” recognizing strong fundamentals and regional expansion capabilities. Market analysts have noted that DBS’s fundamentals, including above-average ROE (16.75%) and robust earnings, justify its premium valuation. Current strategies, such as expanding Australia’s loan portfolio and strengthening Southeast Asian operations, are expected to fuel continued growth.
Technical indicators signal structural bullishness as DBS trades above all key moving averages with healthy volume. Trading volumes averaged 5.63 million shares daily over the last three months. Technicals remain favorable, with the price comfortably above its 20-, 50-, 100-, and 200-day moving averages—pointing to persistent upward momentum and supporting further upside for the stock.
FAQ
What is the latest dividend for DBS stock?
DBS currently pays a dividend. The latest forward dividend is SGD 3.00 per share, reflecting a strong historical commitment to distributing regular dividends. These are typically paid quarterly, and the current yield is among the highest for SGX-listed banks. The consistent and growing dividend payments are a testament to DBS’s robust profitability and stable cash flow.
What is the forecast for DBS stock in 2025, 2026, and 2027?
Based on the current share price of SGD 45.21, the projected values are SGD 58.77 at the end of 2025, SGD 67.82 at the end of 2026, and SGD 90.42 at the end of 2027. The growth outlook is supported by DBS’s continued expansion across Asia and its dominant position in regional banking, which analysts expect to drive steady performance.
Should I sell my DBS shares?
Holding onto DBS shares may be prudent for many investors, given the bank’s strong fundamentals, attractive dividend yield, and strategic expansion plans. With its leadership in technology-driven banking and a track record of resilience, DBS appears well-positioned for mid- to long-term growth. The current valuation and ongoing sector momentum suggest that DBS remains a core holding for those seeking stability and potential capital appreciation.
How are DBS dividends and capital gains taxed in Singapore?
For individual investors in Singapore, dividends from DBS are generally tax-exempt, and capital gains from selling shares are not taxed. No withholding tax applies to local investors. This favorable tax environment makes DBS shares especially attractive for Singapore residents looking for efficient income and long-term gains.
What is the latest dividend for DBS stock?
DBS currently pays a dividend. The latest forward dividend is SGD 3.00 per share, reflecting a strong historical commitment to distributing regular dividends. These are typically paid quarterly, and the current yield is among the highest for SGX-listed banks. The consistent and growing dividend payments are a testament to DBS’s robust profitability and stable cash flow.
What is the forecast for DBS stock in 2025, 2026, and 2027?
Based on the current share price of SGD 45.21, the projected values are SGD 58.77 at the end of 2025, SGD 67.82 at the end of 2026, and SGD 90.42 at the end of 2027. The growth outlook is supported by DBS’s continued expansion across Asia and its dominant position in regional banking, which analysts expect to drive steady performance.
Should I sell my DBS shares?
Holding onto DBS shares may be prudent for many investors, given the bank’s strong fundamentals, attractive dividend yield, and strategic expansion plans. With its leadership in technology-driven banking and a track record of resilience, DBS appears well-positioned for mid- to long-term growth. The current valuation and ongoing sector momentum suggest that DBS remains a core holding for those seeking stability and potential capital appreciation.
How are DBS dividends and capital gains taxed in Singapore?
For individual investors in Singapore, dividends from DBS are generally tax-exempt, and capital gains from selling shares are not taxed. No withholding tax applies to local investors. This favorable tax environment makes DBS shares especially attractive for Singapore residents looking for efficient income and long-term gains.
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