As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons 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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Thursday, 28 July 2011

DBS FIRST-HALF EARNINGS UP 23% TO RECORD SGD 1.54 BILLION

Createwealth8888: Half-yearly dividend for H1 2011 remains at $0.28 that translated to 3.6% yield for half year or 7.2% for full year for me. It is just a decent yield for keeping a too-big-to-fail bank for Singapore Govt in the portfolio.



SINGAPORE, July 28 (Reuters) - Singapore's DBS on Thursday posted a quarterly profit that was slightly above analysts forecasts, helped by strong loan growth as it rebounded from a loss a year ago when it took a goodwill charge.

DBS, Southeast Asia's biggest lender, made a net profit of S$735 million ($611 million) for April-June against a net loss of S$300 million a year earlier due to a goodwill charge on its Hong Kong business.

This was DBS's second-best profit number ever after it posted a record S$807 million net in the first quarter.

That compared with an average forecast of S$728 million, according to eight analysts surveyed by Reuters.

Excluding the goodwill charge, DBS's year-ago net profit was S$718 million.

The result marks the fourth straight quarter when DBS has posted better-than-expected earnings as CEO Piyush Gupta spearheads a recovery in the existing business and avoids expensive acquisitions. ($1 = 1.204 Singapore Dollars) (Reporting by Saeed Azhar; Editing by Kevin Lim)

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