Reuters: Hot Stocks: DBS shares up after Q1 earnings beat forecast

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DBS shares up after Q1 earnings beat forecast Apr 27th 2012, 01:07 SINGAPORE, April 27 | Thu Apr 26, 2012 9:07pm EDT SINGAPORE, April 27 (Reuters) - Shares of Singapore's DBS Group Holdings rose as much as 2 percent early on Friday after the lender posted a record quarterly profit that beat analysts' expectations due to higher loan margins and trading income. Shares of DBS, Southeast Asia's largest bank, were up 2 percent at S$13.99 on volume of more than 1.7 million shares, outperforming the broader Straits Times Index which gained 0.4 percent. Net income rose to S$933 million ($751.72 million) in the three months ended March, compared with S$807 million a year earlier, DBS said on Friday. That was well above the S$771 million average estimate of seven analysts polled by Reuters. (Reporting by Eveline Danubrata; Editing by Kevin Lim)

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