DBS Group reported a 14 per cent boost in net profit to S$1.51 billion for the fourth quarter from a year ago, on the back of broad-based business momentum.
EPS stood at S$2.31 for the quarter, up from S$2.01 previously. PE 11x looks pretty decent!
A final quarterly dividend of 33 Singapore cents per share, subject to shareholders' approval at the annual general meeting on March 31. This will bring the yearly dividend to S$1.32 per share – an increase of 10 per cent.
Chart wise , is in neutral mode!
The Gap up this morning looks rather interesting!
At 25.50, yield is 5.176% looks rather attractive!
looks like it may likely move up to retest 26.00 then 26.46 with extension to 26.80-27.00 when approaching the ex.dividend date on 12th April.
Not a call to buy or sell.
Pls dyodd.
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