As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Friday, 1 November 2013

DBS Q3 net profit up 1%, beats expectations



[SINGAPORE] Southeast Asia's biggest lender, DBS Group Holdings Ltd, posted a slight rise in quarterly net profit, managing to beat expectations despite a tough quarter for its treasury business
.
Singapore-based DBS said it earned S$862 million (US$695 million) in the three months ended September, more than the S$828 million average forecast of six analysts polled by Reuters.

The result compared with S$856 million a year earlier, but was the second consecutive quarterly fall in profit excluding one-off items.

"The uncertain market outlook resulted in a paring of treasury activities," DBS said in a statement on Friday.





 


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