I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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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, 11 February 2011

Singapore DBS Q4 net profit up 38 pct; beats forecast

SINGAPORE, Feb 11 (Reuters) - Singapore's DBS , Southeast Asia's biggest lender, posted a 38 percent rise in quarterly profit on falling bad-debt charges and higher trading income, beating expectations.


DBS posted a net profit of S$678 million ($530 million) in October-December against S$493 million a year earlier. That compared with an average forecast of S$660 million, according to six analysts surveyed by Reuters.

Asia's strong economic recovery has boosted lending, reduced bad debts and increased capital-raising activity for lenders.
Posted by Createwealth8888 at 08:11
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