D05.SI Stock Today: January 23 Valuation Debate at Record Highs
DBS share price is trading near record territory at S$58.08 today, putting focus on whether upside remains as Singapore bank valuations climb. Investors in Singapore want clear signals on dividend sustainability while net interest margins ease. We break down price momentum, P/E and P/B, the latest DBS dividend yield, and where DBS stands versus OCBC and UOB. We also flag the catalysts that could move D05.SI next, so you can judge risk and return with data, not noise.
DBS at Record Territory: Price, Trend, and Valuation
DBS share price is S$58.08 (day range: S$58.00–S$58.51), just below its S$59.25 1-year high. It is up 33.29% over 1 year and 2.87% year to date. RSI at 66.91 and ADX at 35.14 point to a strong, slightly stretched uptrend. Price sits above the 50-day S$55.63 and 200-day S$49.86 averages, while the upper Bollinger Band at S$58.24 caps near-term gains.
At today’s price, DBS trades at 14.68x TTM earnings and 2.41x book (book value per share: S$24.11). The TTM dividend yield is 4.91% on S$2.85 DPS. Sector watchers note Singapore bank valuations are above long-term averages amid margin compression source. Our Meyka system currently grades DBS B+ (BUY) and assigns an A- Company Rating as of 22 Jan 2026.
Dividend Math: What Today’s Yield Implies
DBS share price implies a 4.91% TTM yield. With EPS at S$3.91 and DPS at S$2.85, the payout ratio is roughly 73%, indicating earnings cover but limited buffer if profits soften. Return on equity of 16.57% supports distributions, while earnings yield of 6.81% exceeds the cash yield. Watch management guidance for ordinary and special payouts in upcoming quarters.
As global rates plateau, Singapore banks face easing net interest margins. To hold the line on dividends, fee engines like wealth management, cards, trading and FX need to carry more weight. Investors are weighing rich multiples against income reliability as margin tailwinds fade source. Fee resilience is the swing factor if credit costs normalise higher.
Peer Check: OCBC vs UOB vs DBS
Commentary around Singapore bank valuations notes premiums versus long-term P/B norms. Historically, DBS tends to command a higher multiple for scale and wealth leadership, while investors compare OCBC vs UOB for relative value and cyclicality. Without deep discounts, positioning now depends on income needs, risk tolerance, and conviction in non-interest income growth through 2025.
Markets read DBS guidance as steadier on distributions, while peers’ interim adjustments keep attention on fee strength and capital buffers. For income-focused investors, certainty matters as much as headline yield. DBS share price near highs leaves little room for disappointment, so evidence of sustained fees and prudent credit costs will steer how premiums hold against OCBC and UOB.
What Could Move DBS Next
Key drivers include fee income momentum in wealth and cards, trading and FX activity, cross-border flows, and regional growth. Credit costs and asset quality trends remain central. Capital management updates, including dividend guidance or buyback signals, could re-rate the stock. Any changes in MAS policy or global rate expectations will also shape margin outlook and investor appetite for bank equities.
DBS share price faces resistance near S$59.25, with the upper Bollinger Band around S$58.24. Support sits near the 50-day average at S$55.63. Momentum is positive with MACD above signal and ADX at 35.14. Given stretched readings, staggered entries and pre-set stops can help manage risk, while long-term holders may focus on dividend reinvestment.
Final Thoughts
DBS share price sits in record territory with strong momentum, a 14.68x P/E, 2.41x P/B, and a 4.91% yield. At these levels, the debate is simple: can fee income and prudent credit costs sustain today’s premium while margins ease. For growth-and-income investors, DBS remains a quality core holding, but timing matters. Consider adding on pullbacks toward the 50-day average, and reassess if price pushes past S$59.25 on strong volume. Track updates on dividend policy, fee growth in wealth and cards, and credit cost guidance. If these pillars hold, premiums can endure; if not, expect a valuation reset. Stay disciplined with position sizing.
FAQs
Is the DBS share price expensive at today’s level?
DBS trades at 14.68x earnings and 2.41x book, above historical averages cited for Singapore banks. Premiums reflect scale, strong ROE, and fee franchises. Upside depends on fee growth and stable credit costs as margins ease. Buying on dips near key supports can improve risk-reward for long-term investors.
What is the current DBS dividend yield and payout safety?
The TTM yield is about 4.91% on S$2.85 DPS. With EPS at S$3.91, the payout ratio is roughly 73%. Coverage looks adequate if fee income holds and credit costs remain contained. Watch management guidance for ordinary and special dividends, plus capital ratios, to gauge durability through 2025.
How does DBS compare with OCBC vs UOB now?
DBS usually commands a valuation premium for scale and wealth leadership. OCBC and UOB may screen cheaper at times, appealing to value-focused investors. With Singapore bank valuations elevated, the choice turns on income stability, fee growth prospects, and your risk tolerance, rather than headline yield alone.
What price levels should traders watch on DBS?
Near-term resistance is around S$59.25, the 1-year high. The upper Bollinger Band near S$58.24 can cap rallies, while the 50-day average around S$55.63 offers initial support. Momentum is strong but stretched, so staggered entries and stops help manage risk if momentum fades.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
