DBS share price ticks up as Singapore bank rally rolls on; what to watch next
DBS shares closed up 1.15% at S$58.75 on Friday, trailing gains in UOB and OCBC, which pushed the Straits Times Index to record highs. Macquarie Capital rated DBS “underperform” with a S$50 target, citing limited upside and exposure to Hong Kong property risks. DBS plans to redeem A$300 million in subordinated notes in April 2026, pending regulatory approval. Investors await policy updates from MAS on Jan. 29 and DBS earnings on Feb. 9.