CW8888: Read? Your Own Personal Investment Return that matters!!!
DBS full year dividend is at $0.58 and that will translate to Uncle8888's personal yield on investment cost @ 7.7%.
7.7% is a decent yield but nothing to shout about. It is unlike Keppel Corp's Yield of dreams of 36.5% in FY 2014 full year dividend of $0.48
The Moral of Story ...
Is your own personal investment return worth the long and patient wait?
Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (4)
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SINGAPORE: DBS Group Holdings posted a 4 per cent rise in fourth-quarter net profit and notched record full-year earnings.
Net profit for the October-December period came to S$838 million, below an average forecast of S$931 million from six analysts polled by Reuters.
That compares with a net profit before exceptional items of S$802 million in the same period a year earlier. In the previous year, the sale of a stake in a Philippine bank boosted overall net profit to S$973 million.
Bad debt provisions rose 40 per cent to S$211 million, while trading income dropped 44 per cent with the bank blaming less favourable trading conditions.
DBS' full-year net profit rose 10 per cent to hit a record S$4.05 billion, the bank said.
- Reuters
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(Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia’s largest lender, posted its lowest quarterly profit in more than two years as trading income slumped and allowances for bad loans rose.
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Net income including one-time items fell to S$838 million ($619 million) for the three months ended Dec. 31 from S$973 million a year earlier, the Singapore-based bank said in an exchange statement Tuesday. That missed the average forecast of S$1 billion in a Bloomberg survey of four analysts, and was the lowest since the quarter ended June 2012.
ReplyDeleteDBS Group Holdings, Singapore's biggest bank, posted a small rise in core fourth-quarter net profit but fell short of analysts' estimates on a jump in provisions for non-performing loans in China and Singapore.
Bad debt provisions rose 40 percent to S$211 million ($155 million) from a year earlier, the highest level since the quarter ending June 2013, according to Thomson Reuters data. Those for Greater China excluding Hong Kong quadrupled to S$40 million.
Trading income was also hit, dropping 44 percent with the bank blaming less favourable trading conditions.
In its presentation slides, DBS said China and commodities markets would be key risks to watch.
The weaker-than-expected results eclipsed a 10 percent rise in full-year net profit to a record S$4 billion.
For the October-December quarter, net profit rose to S$838 million, below an average forecast of S$931 million from six analysts polled by Reuters.
That compares with a net profit before exceptional items of S$802 million in the same period a year earlier. In the previous year, the sale of a stake in a Philippine bank boosted overall net profit to S$973 million.
But DBS also said it would benefit from rising interest rates.
"Structurally higher returns of our franchise will become more evident as interest rates normalize," it said.
The city-state's banks have benefited from a surge in SIBOR, the benchmark for interbank lending, as interest rates on many home loans are pegged to it. SIBOR has climbed as the Singapore dollar weakened on the view that the U.S.Federal Reserve will move to raise rates later this year.
SINGAPORE — Singapore's DBS Group Holdings has total commodities exposure of S$30 billion, with the bulk of it in trade finance, chief executive officer Piyush Gupta said today (Feb 10).
ReplyDeleteDBS, Singapore's biggest bank, took some charges on the commodities exposure in China in its fourth-quarter results. It reported a small rise in core fourth-quarter net profit which fell short of analysts' estimates. REUTERS
Last month, it relaunched the POSB National School Savings Campaign - to encourage primary school pupils to cultivate the habit of saving. The iconic POSB Saving Stamps Programme launched in 1969 was hugely popular in the 1970s and 1980s and at its peak had 100 per cent schools participation.
ReplyDeleteThe schools have already run out of stamps and have called us for more, said Mr Gupta.