0351 GMT - DBS Group is likely to report weaker 2Q net profit, UOB Kay Hian analyst Jonathan Koh says in a note. The Singapore bank's net interest margin likely declined by 4 basis points on quarter, weighed by factors including repricing of fixed-rate assets at lower interest rates. UOB KH forecasts DBS's 2Q net profit to be flat on year, and decline 4% on quarter to 2.82 billion Singapore dollars. The brokerage has a buy rating for DBS with a target price of S$76.85. Shares are 1.7% higher at S$73.23. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 23:51 ET (03:51 GMT)
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