Based on the latest SGX disclosure dated July 11, 2025 15, here is a revised analysis of DBS Group' s share buyback impact:
🔍 Key Updates from July 11, 2025 Buyback
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Daily Transaction Details:
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Shares Purchased: 350,000
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Price Range: SGD 45.79&ndash 46.33 (average ~SGD 46.06)
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Total Outlay: SGD 16.16 million (including fees)
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Cancellation: All 350,000 shares were immediately cancelled (no treasury shares held) 15.
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Cumulative Buyback Progress:
-
Post-Cancellation Capital Structure:
📊 Revised Price Impact Analysis
✅ Short-Term Support
-
Technical Floor: Recent buybacks occurred near SGD 45.79&ndash 46.33 (July 11), reinforcing SGD 46.00 as strong support 12.
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Volume Absorption: Daily buybacks (e.g., 350k shares) represent 5&ndash 10% of average trading volume, providing consistent demand 211.
💰 Valuation and EPS Impact
| Metric |
Before Buyback (Est.) |
After Full Execution (Projected) |
| Shares Outstanding |
2.844B |
~2.76B (-3.0%) |
| EPS Accretion |
Baseline |
+3.1% (ceteris paribus) |
| CET-1 Ratio |
~14.5% |
~13.7% (still above regulatory min ~10%) 3 |
⚠ ️ Execution Risks
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Pace: Current run-rate (~6.93M shares in 3.5 months) implies full execution may take 2&ndash 3 years.
-
Valuation Sensitivity: Buybacks above P/B 1.5x (current: 1.99x 15) risk overpayment if earnings weaken 11.
📈 Market Context & Near-Term Price Range
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Today' s Trading (July 25): SGD 48.45&ndash 48.90 (as of 9:55 AM SGT), reflecting consolidation after yesterday&rsquo s high of SGD 49.21 215.
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Buyback Influence: Program likely caps dips below SGD 48.00, with resistance near SGD 49.30 (psychological barrier) 210.
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Catalysts Ahead: Q2 earnings (Aug 7, 2025) and Fed rate decisions may drive volatility 11.
🔮 Revised Outlook
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Bull Case: Full execution + P/B re-rating to 1.7x &rarr SGD 53.40 (+10% upside).
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Base Case: Phased buybacks + stable rates &rarr SGD 48&ndash 50 range near-term.
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Bear Case: Economic slowdown forcing buyback pause &rarr SGD 45&ndash 46 support test 11.
For real-time tracking, monitor SGX Buyback Disclosures
Using Deepseek:
Based on the search results, here' s an analysis of DBS Group Holdings' (Ticker: D05.SI/DBSM-SG) stock price trend for yesterday (July 24, 2025) and the expected high-low range for today (July 25, 2025):
📈 Yesterday' s (July 24, 2025) Stock Price Trend
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Closing Price: SGD 49.21 123
-
Intraday Movement:
-
Performance:
-
Key Drivers:
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Continued bullish momentum, closing at the day' s high.
-
Broke the previous 52-week high of SGD 47.05 (set on July 18, 2025) 36.
📊 Today' s (July 25, 2025) Expected High-Low Range
As of the latest data (market yet to open), the following projections are based on technical indicators and recent patterns:
| Indicator |
Value |
Implication |
| Previous Close |
SGD 49.21 |
Strong bullish momentum |
| 52-Week Range |
SGD 32.70&ndash 49.21 |
Trading at all-time high resistance |
| Support Level (Near-Term) |
SGD 48.50 |
Yesterday' s low (SGD 48.16) provides support |
| Technical Sentiment |
Overbought (RSI) |
Potential short-term pullback 6 |
| Analyst Target (Avg) |
SGD 47.15 |
-4.19% downside 11 |
Projected Range for Today:
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Upper Bound (Resistance): SGD 49.30&ndash 49.50
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Lower Bound (Support): SGD 48.50&ndash 48.70
💡 Key Factors Influencing Today' s Trading
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Technical Position:
-
Fundamentals:
-
Forward dividend yield: 6.10% 2, which may attract income investors.
-
P/E Ratio: 12.55 (below industry average) 29, supporting valuation.
-
Market Sentiment:
-
Near-Term Catalyst:
🔍 Monitoring Recommendations
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Resistance Break: A sustained move above SGD 49.21 could signal further upside.
-
Volume Confirmation: Watch for volume spikes to validate breakout/pullback.
-
Sector Trends: Compare with peers (e.g., OCBC, UOB) for relative strength 5.
At between 50 and 60 , the yield is between 5 and 6.
What other counters can match thus?
MrBear12 ( Date: 25-Jul-2025 08:04) Posted:
Some are eyeing 60 already. I suppose 50 will come very soon.
susanbloom ( Date: 24-Jul-2025 19:28) Posted:
Yes over bought and way too much chasing
It will hit a massive roadblock at $50 so not far to go and not worth the risk return at this price
Sell into results
DBS will then drop back to $47.2 |
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Some are eyeing 60 already. I suppose 50 will come very soon.
susanbloom ( Date: 24-Jul-2025 19:28) Posted:
Yes over bought and way too much chasing
It will hit a massive roadblock at $50 so not far to go and not worth the risk return at this price
Sell into results
DBS will then drop back to $47.20
spore1 ( Date: 24-Jul-2025 17:32) Posted:
| Pump up too much! Overrun! |
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Yes over bought and way too much chasing
It will hit a massive roadblock at $50 so not far to go and not worth the risk return at this price
Sell into results
DBS will then drop back to $47.20
spore1 ( Date: 24-Jul-2025 17:32) Posted:
| Pump up too much! Overrun! |
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this one really on steroids, shortists using whatever instrument, die chor man.
as i mentioned b4, dbs hedge funds really hated shortists to the gut.
huattuatua ( Date: 24-Jul-2025 09:04) Posted:
49 today?:))))
huattuatua ( Date: 23-Jul-2025 10:30) Posted:
48 today?
song song kau jurong, |
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Not going to invest in a company that is known to mistreat foreign workers just to earn a bit of extra profit.
Joelton ( Date: 24-Jul-2025 13:46) Posted:
DBS sees Wee Hur Holdings to be &lsquo locked and loaded&rsquo in un-rated report
DBS Group Research (DBS) analysts Geraldine Wong and Derek Tan see that construction player, Wee Hur Holdings, has unlocked 35 cents a share in value following its recent disposal of a 5,662 bed, seven property purpose-built student accommodation (PBSA) portfolio for about $319 million in cash.
The group&rsquo s PBSA business stems from diversification away from construction.
This value unlocking, they note, accounts for 60% of Wee Hur&rsquo s share price of 58 cents as at closing on July 21.
Wong and Tan write in an unrated report: &ldquo The disposal allows Wee Hur to focus and grow its workers&rsquo dormitory business, while expanding other business segments. We value the dormitory business using a conservative four times price-to-earnings ratio (P/E) multiple and the construction business at eight times P/E.&rdquo
Construction remains a major revenue driver, with Wee Hur having been awarded major contracts by the Housing Development Board (HDB) in Singapore.
Wee Hur was recently awarded two build-to-order (BTO) projects for $440 million, expected to be completed by 2029, adding to its existing order book of $263 million as of December 2024.
&ldquo With three of its ongoing five projects expected to be completed in 2025, Wee Hur is anticipating a busy year for the construction arm in 2025 and 2026 while also looking to replenish its order book value,&rdquo write Wong and Tan.
The pair now classify the group as an &ldquo investment holding company&rdquo with diversified operations in construction, property development, workers&rsquo accommodation and PBSAs.
The group operates a massive portfolio of 6,071 student housing beds under its &lsquo Y-Suites&rsquo brand across five key locations in Australia and over 25,000 beds in two large scale workers&rsquo dormitories in Singapore. Another 683-bed PBSA project is being constructed in Adelaide with completion targeted for 2HFY2027.
&ldquo The group also earns revenue from fund management services and PBSA operations such as sales, marketing and student dormitory management,&rdquo write Wong and Tan.
Wee Hur ventured into the workers&rsquo dorm business by opening its maiden purpose-built dorm (PBD) in Tuas View in 2014. With a capacity of 16,800 beds at that time, it was the first and largest PBD in Singapore offering a range of amenities, including multipurpose recreational rooms, gymnasiums, canteens and retail shops.
Wong and Tan write: &ldquo Since then, the property has enjoyed strong occupancy rates and competitive rental increases, achieving 93% occupancy, 43% increase in revenues and contributing 42% to total group revenue in FY2024.&rdquo
On the back of strong demand, Wee Hur is building another large scale 10,500-bed dorm in Pioneer Lodge, expected to be fully operational by end-2025. This will increase the total number of operational beds under Wee Hur by 70% and position this business segment as a major growth driver.
The analysts note that the group is &ldquo poised for growth&rdquo from 2026 onwards with Pioneer Lodge.
Already, Wee Hur has been able to charge rental rates slightly higher than average while maintaining over 90% occupancy for its dorm at Tuas View, enabling revenue from the worker&rsquo s dorm segment to increase to $85 million in the FY2024.
With its new Pioneer Lodge, the group hopes to maintain high levels of occupancy and competitive rental rates close to $500 per bed. The new property will increase the number of beds under Wee Hur by 70% to 26,244 by the end of 2025.
For more stories about where money flows, click here for Capital Section
Thus, Wong and Tan believe the accommodation segment is set to be a &ldquo major revenue driver&rdquo for the group, which they estimate could be by up to around 70% based on full-year contribution beginning in the FY2026.
Presently, the group&rsquo s FY2024 revenue is split between its workers&rsquo dormitory segment at about 42%, construction at about 31%, property development at about 23%, fund management at about 3% and lastly, PBSA operations about 1%.
With this, the DBS analysts have a valuation of about 80 cents a share for the stock. Their fair value is pegged to a 10% discount of their sum-of-the-parts (SOTP) valuation of 89 cents a share.
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DBS sees Wee Hur Holdings to be &lsquo locked and loaded&rsquo in un-rated report
DBS Group Research (DBS) analysts Geraldine Wong and Derek Tan see that construction player, Wee Hur Holdings, has unlocked 35 cents a share in value following its recent disposal of a 5,662 bed, seven property purpose-built student accommodation (PBSA) portfolio for about $319 million in cash.
The group&rsquo s PBSA business stems from diversification away from construction.
This value unlocking, they note, accounts for 60% of Wee Hur&rsquo s share price of 58 cents as at closing on July 21.
Wong and Tan write in an unrated report: &ldquo The disposal allows Wee Hur to focus and grow its workers&rsquo dormitory business, while expanding other business segments. We value the dormitory business using a conservative four times price-to-earnings ratio (P/E) multiple and the construction business at eight times P/E.&rdquo
Construction remains a major revenue driver, with Wee Hur having been awarded major contracts by the Housing Development Board (HDB) in Singapore.
Wee Hur was recently awarded two build-to-order (BTO) projects for $440 million, expected to be completed by 2029, adding to its existing order book of $263 million as of December 2024.
&ldquo With three of its ongoing five projects expected to be completed in 2025, Wee Hur is anticipating a busy year for the construction arm in 2025 and 2026 while also looking to replenish its order book value,&rdquo write Wong and Tan.
The pair now classify the group as an &ldquo investment holding company&rdquo with diversified operations in construction, property development, workers&rsquo accommodation and PBSAs.
The group operates a massive portfolio of 6,071 student housing beds under its &lsquo Y-Suites&rsquo brand across five key locations in Australia and over 25,000 beds in two large scale workers&rsquo dormitories in Singapore. Another 683-bed PBSA project is being constructed in Adelaide with completion targeted for 2HFY2027.
&ldquo The group also earns revenue from fund management services and PBSA operations such as sales, marketing and student dormitory management,&rdquo write Wong and Tan.
Wee Hur ventured into the workers&rsquo dorm business by opening its maiden purpose-built dorm (PBD) in Tuas View in 2014. With a capacity of 16,800 beds at that time, it was the first and largest PBD in Singapore offering a range of amenities, including multipurpose recreational rooms, gymnasiums, canteens and retail shops.
Wong and Tan write: &ldquo Since then, the property has enjoyed strong occupancy rates and competitive rental increases, achieving 93% occupancy, 43% increase in revenues and contributing 42% to total group revenue in FY2024.&rdquo
On the back of strong demand, Wee Hur is building another large scale 10,500-bed dorm in Pioneer Lodge, expected to be fully operational by end-2025. This will increase the total number of operational beds under Wee Hur by 70% and position this business segment as a major growth driver.
The analysts note that the group is &ldquo poised for growth&rdquo from 2026 onwards with Pioneer Lodge.
Already, Wee Hur has been able to charge rental rates slightly higher than average while maintaining over 90% occupancy for its dorm at Tuas View, enabling revenue from the worker&rsquo s dorm segment to increase to $85 million in the FY2024.
With its new Pioneer Lodge, the group hopes to maintain high levels of occupancy and competitive rental rates close to $500 per bed. The new property will increase the number of beds under Wee Hur by 70% to 26,244 by the end of 2025.
For more stories about where money flows, click here for Capital Section
Thus, Wong and Tan believe the accommodation segment is set to be a &ldquo major revenue driver&rdquo for the group, which they estimate could be by up to around 70% based on full-year contribution beginning in the FY2026.
Presently, the group&rsquo s FY2024 revenue is split between its workers&rsquo dormitory segment at about 42%, construction at about 31%, property development at about 23%, fund management at about 3% and lastly, PBSA operations about 1%.
With this, the DBS analysts have a valuation of about 80 cents a share for the stock. Their fair value is pegged to a 10% discount of their sum-of-the-parts (SOTP) valuation of 89 cents a share.
大 家 再 给 力 下 。 Give some more power to hit SGD 49.
MrBear12 ( Date: 24-Jul-2025 11:47) Posted:
Yes:)))))))
huattuatua ( Date: 24-Jul-2025 09:04) Posted:
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SGD 50 by SG 60 is ok already!
BinderyT ( Date: 24-Jul-2025 09:55) Posted:
maybe DBS will pump share price to $60 by National Day ... just kidding
vkapoor ( Date: 23-Jul-2025 19:36) Posted:
Just a very out of blue thought.
dBS might announce special Dividend for SG60 as their earnings are on 8 Aug which is just aligned with our National Day. |
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