US Stock MarketDetailed Quotes
DBSDY DBS GROUP HLDGS LTD SPONS ADR EACH REP 4 ORD SHS
- 109.320
- -2.080-1.87%
15min DelayClose Jul 18 16:00 ET
77.73BMarket Cap9.12P/E (TTM)
110.570High108.910Low21.97KVolume110.570Open111.400Pre Close2.41MTurnover0.00%Turnover Ratio10.41P/E (Static)711.03MShares114.48052wk High1.64P/B77.73BFloat Cap88.39052wk Low5.16Dividend TTM711.03MShs Float114.480Historical High4.72%Div YieldTTM1.49%Amplitude71.086Historical Low109.569Avg Price1Lot Size
DBS GROUP HLDGS LTD SPONS ADR EACH REP 4 ORD SHS Stock Forum
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DBS Bank has agreed to sell a 77.8% stake in payment services provider AXS to private equity firm Tower Capital Asia. While DBS will retain a minorit...
Welcome to StockTalk: Daily, Insightfully, Rewardingly!
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8 points for all mooers who participated in the poll below.
88 points for mooers who share their insightful ideas by commenting down.
DBS Bank has agreed to sell a 77.8% stake in payment services provider AXS to private equity firm Tower Capital Asia. While DBS will retain a minorit...
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$DBS Group Holdings(D05.SG$ $DBS GROUP HLDGS LTD SPONS ADR EACH REP 4 ORD SHS(DBSDY.US$
DBS Group Holdings Ltd delivered a -5.27% return since the beginning of the year, while its 12-month returns are up by 1.61%.
Here is what Mawer Investment Management has to say about DBS Group in its Q3 2022 investor letter:
"While many global banks declined in the quarter, our Singapore bank holding, DBS Group, whose lending book is tilted toward floating rate loans...
DBS Group Holdings Ltd delivered a -5.27% return since the beginning of the year, while its 12-month returns are up by 1.61%.
Here is what Mawer Investment Management has to say about DBS Group in its Q3 2022 investor letter:
"While many global banks declined in the quarter, our Singapore bank holding, DBS Group, whose lending book is tilted toward floating rate loans...
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ZnWC : DBS is not the first time to sell stake to focus on core business. Last year Singtel to sell 3.3% stake in Bharti Airtel for S$2.25 billion also received some attention. Although the reason for trimming the stake was different, I'm tempted to make a comparison.
What make DBS selling AXS's share surprising is the bank is no longer the largest shareholder and the timing of the sale. I don't think DBS is going to deposit more fund in MAS after the sales. My speculation is DBS wants to focus on it's core business.
I don't think payment business will be affected by this sales. What's important is what Jeffrey Goh will do to bring positive impact to the company.
Kopikarp : The acquisition of AXS signifies a notable shift in the payments industry, particularly due to the fact that AXS seems to lack an economic moat and has been somewhat tardy in entering the cloud payment arena. Established players like Grab and the interbank system, PayNow, have already captured significant market share, making it challenging for AXS to secure a strong foothold. Additionally, DBS Bank's decision to sell a majority stake in AXS could be interpreted as an acknowledgment that the company may struggle to compete in this increasingly crowded market. Therefore, while the acquisition could potentially transform AXS into a regional cloud-based payment solutions provider, its overall impact on the payments industry may be limited.