Sembcorp Marine winning streak will continue: DBS

10 May 2012 - Singapore Business Review
The company is well-positioned to clinch more yard contracts even as it racked up its sixth order for the year. Here's more from DBS: Sembcorp Marine secures US$208m jack-up order. SMM’s subsidiary, PPL Shipyard, has secured a US$208m contract to build a Pacific Class 400 jack-up rig, along with an option ...
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StarHub cost concerns mounting: DBS

8 May 2012 - Singapore Business Review
Effective cost management lifted the telco's earnings for the first quarter but expenses will start proving harder to control. StarHub margins will be under more pressure in the coming quarters with a possible increase in its subsidy bill following the launch of its new Galaxy S3 and upcoming iPhone ...
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CMT sale of Hougang Plaza a smart move: DBS

7 May 2012 - Singapore Business Review
The divestment will help CapitaMall Trust cut down debt and allocate funds for its more important malls. CMT has ongoing AEI works in Clarke Quay, Illuma and The Atrium -- all off which will be done by June -- and are considered "more value accretive sources" of earnings by DBS compared to upgrading ...
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DBS merger deal in Indonesia seen to cement bank’s hold in SE Asia

4 May 2012 - Singapore Business Review
The bank’s plan to merge BDMN with PT Bank DBS Indonesia will create the fifth largest bank in Indonesia. According to UOB Kay Hian, Indonesia will become the third top contributor to the bank’s income—after Singapore and Hong Kong—once the deal pushes through. The analyst, who remained optimistic about ...
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DBS Group gamble leads to record profits: OCBC

30 Apr 2012 - Singapore Business Review
It bet big on Wealth and SME, and both profit segments posted double-digit income growth for 1Q12. Their sterling performances for the latest recorded quarter helped bring DBS Group to S$933 million in net earnings, which beat market expectations and the company's previous high. Here's more from OCBC: ...
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DBS trading income and loan provisions on thin ice?

30 Apr 2012 - Singapore Business Review
The former grew in 1Q12 but won't be sustainable while the latter's position is growing riskier, says PhillipCapital. Both trading income and loan provisions helped push DBS Group to a record quarterly performance, yet PhillipCapital recognizes their respective threat to dragging down the company's future ...
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DBS profit up 16% to S$933m

27 Apr 2012 - Singapore Business Review
The numbers exhibit a healthy showing: loans rose 3% while deposits grew 4%. According to a release by the company, DBS Group Holdings’ first-quarter 2012 net profit rose to a record S$933 million, up 16% from a year ago and 28% from the previous quarter. Total income crossed S$2 billion for the first ...
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DBS launches electronic securities application service

13 Apr 2012 - Singapore Business Review
Now customers can subscribe to IPOs even while in bed straight from their smart phones. Making it easier for investors to subscribe for securities, DBS introduced the mBanking electronic securities application service that will enable customers to make their IPO application via their smart phones while ...
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DBS diversifying past its Singapore core market: UOB

9 Apr 2012 - Singapore Business Review
The bank's reliance on Singapore revenues will likely diminish to 49% from 62% as its regional clout rises. Instead, DBS will source more of its revenue growth from Indonesia, a high-growth emerging market that its newly purchased stake in Bank Danamon should open up, as well as China and India. These ...
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What will DBS gain from its Bank Danamon stake purchase?

4 Apr 2012 - Singapore Business Review
Buying control of the Indonesian bank will solidify its regional position and open up new sources for growth. In fact, when the deal is done, CIMB expects Indonesia to become the second largest market for DBS, overtaking even the bustling Hong Kong market. Here's more from CIMB: Post-deal, Indonesia ...
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