DBS Shares on Track for Record High Close as Singapore Market Rallies

Dow Jones

Jul 18

By Amanda Lee

Shares of Singapore lender DBS hit an intraday-high as the city-state's equities market continued to rally.

Shares of Southeast Asia's largest bank by asset size, rose as high as 0.8% to 47.05 Singapore dollars, equivalent to US$36.59, in Friday morning trade. It was last 0.6% higher and was on track to close at a record high.

The backdrop of strong U.S. and Greater China equities could be sparking speculation that DBS's wealth management business will continue to grow strongly, says Morningstar senior equity analyst Michael Makdad.

The S&P 500 and Nasdaq composite hit fresh records on Thursday after upbeat earnings from some major companies.

Other banking stocks in Singapore, Oversea-Chinese Banking Corp. and United Overseas Bank, were last up 1.2% and 0.4%, respectively.

DBS has less exposure than OCBC and UOB to some Southeast Asian markets that have been struggling, Makdad said. DBS also has the strongest wealth-management business among the three banks, he added.

The benchmark Straits Times Index has been touching record-high in recent weeks. The index hit as high as 4192.19 Friday afternoon.

Analysts have said that the STI's strong momentum is driven by Singapore's safe-haven appeal and coming market reforms.

Write to Amanda Lee at amanda.lee@wsj.com

(END) Dow Jones Newswires

July 18, 2025 02:35 ET (06:35 GMT)

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DBS also has the strongest wealth-management business among the three banks, he added. \n</p>\n<p>\n  The benchmark Straits Times Index has been touching record-high in recent weeks. The index hit as high as 4192.19 Friday afternoon. \n</p>\n<p>\n  Analysts have said that the STI's strong momentum is driven by Singapore's safe-haven appeal and coming market reforms. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Amanda Lee at amanda.lee@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 18, 2025 02:35 ET (06:35 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 Shares on Track for Record High Close as Singapore Market Rallies</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 Shares on Track for Record High Close as Singapore Market Rallies\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\">2025-07-18 14:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Amanda Lee \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Singapore lender <a href=\"https://laohu8.com/S/D05.SI\">DBS</a> hit an intraday-high as the city-state's equities market continued to rally. \n</p>\n<p>\n  Shares of Southeast Asia's largest bank by asset size, rose as high as 0.8% to 47.05 Singapore dollars, equivalent to US$36.59, in Friday morning trade. It was last 0.6% higher and was on track to close at a record high. \n</p>\n<p>\n  The backdrop of strong U.S. and Greater China equities could be sparking speculation that DBS's wealth management business will continue to grow strongly, says <a href=\"https://laohu8.com/S/MORN\">Morningstar</a> senior equity analyst Michael Makdad. \n</p>\n<p>\n  The S&amp;P 500 and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> composite hit fresh records on Thursday after upbeat earnings from some major companies. \n</p>\n<p>\n  Other banking stocks in Singapore, Oversea-Chinese Banking Corp. and <a href=\"https://laohu8.com/S/UOVEF\">United Overseas</a> Bank, were last up 1.2% and 0.4%, respectively. \n</p>\n<p>\n  DBS has less exposure than OCBC and <a href=\"https://laohu8.com/S/U11.SI\">UOB</a> to some Southeast Asian markets that have been struggling, Makdad said. DBS also has the strongest wealth-management business among the three banks, he added. \n</p>\n<p>\n  The benchmark Straits Times Index has been touching record-high in recent weeks. The index hit as high as 4192.19 Friday afternoon. \n</p>\n<p>\n  Analysts have said that the STI's strong momentum is driven by Singapore's safe-haven appeal and coming market reforms. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Amanda Lee at amanda.lee@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 18, 2025 02:35 ET (06:35 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":"LU0823413587.USD","symbol_name":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2552450098","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552450098","pubTimestamp":1752820500,"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":"Shares of Singapore lender DBS hit an intraday-high as the city-state's equities market continued to rally.Shares of Southeast Asia's largest bank by asset size, rose as high as 0.8% to 47.05 Singapore dollars, equivalent to US$36.59, in Friday morning trade. It was last 0.6% higher and was on track to close at a record high.The backdrop of strong U.S. and Greater China equities could be sparking speculation that DBS's wealth management business will continue to grow strongly, says Morningstar senior equity analyst Michael Makdad.The S&P 500 and Nasdaq composite hit fresh records on Thursday after upbeat earnings from some major companies.Other banking stocks in Singapore, Oversea-Chinese Banking Corp. and United Overseas Bank, were last up 1.2% and 0.4%, respectively.DBS has less exposure than OCBC and UOB to some Southeast Asian markets that have been struggling, Makdad said. DBS also has the strongest wealth-management business among the three banks, he added.The benchmark Straits T","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU0971096721.USD":"富达环球金融服务 A","RJAW.SI":"DBS MB ePW240902","LU0205439572.USD":"富达亚太股息基金","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","D05.SI":"星展集团控股","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","BK4207":"综合性银行","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","DBS":"Invesco DB Silver Fund","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","BK6112":"综合性银行","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999014302.SGD":"RHB Singapore Income Fund SGD","BK6523":"ESG概念","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU0096374516.USD":"CT (LUX) I ASIA EQUITY INCOME \"DU\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","SG9999013478.USD":"利安新加坡股息基金","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","LU0048597586.USD":"富达亚洲焦点A","DBSDY":"DBS Group Holdings Ltd.","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC"},"translate_title":"随着新加坡市场上涨，星展银行股价有望创下历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":1,"DBS":1,"DBSDY":0.9,"RJAW.SI":1},"content_text":"By Amanda Lee \n\n\n \n\n\n  Shares of Singapore lender DBS hit an intraday-high as the city-state's equities market continued to rally. \n\n\n  Shares of Southeast Asia's largest bank by asset size, rose as high as 0.8% to 47.05 Singapore dollars, equivalent to US$36.59, in Friday morning trade. It was last 0.6% higher and was on track to close at a record high. \n\n\n  The backdrop of strong U.S. and Greater China equities could be sparking speculation that DBS's wealth management business will continue to grow strongly, says Morningstar senior equity analyst Michael Makdad. \n\n\n  The S&P 500 and Nasdaq composite hit fresh records on Thursday after upbeat earnings from some major companies. \n\n\n  Other banking stocks in Singapore, Oversea-Chinese Banking Corp. and United Overseas Bank, were last up 1.2% and 0.4%, respectively. \n\n\n  DBS has less exposure than OCBC and UOB to some Southeast Asian markets that have been struggling, Makdad said. DBS also has the strongest wealth-management business among the three banks, he added. \n\n\n  The benchmark Straits Times Index has been touching record-high in recent weeks. The index hit as high as 4192.19 Friday afternoon. \n\n\n  Analysts have said that the STI's strong momentum is driven by Singapore's safe-haven appeal and coming market reforms. \n\n\n \n\n\n  Write to Amanda Lee at amanda.lee@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 18, 2025 02:35 ET (06:35 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":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}