D05.SI), is South East Asia’s largest bank, and one that needs no introduction to any Singaporean. This is the bank we grew up with, one that we all have an account with. I grew up with a POSB savers account (using my thumbprint), so this bank holds a special place in my heart.
As at 29 March 2018, DBS’s share is trading at S$27.50, implying a forward yield of 4.36%, higher than its ever been outside of recessionary conditions.
Does this make DBS Bank Ltd a buy? Is DBS a good investment at this price? Is DBS a better buy than its peers, Oversea-Chinese Banking Corporation Limited (OCBC, O39.SI) or United Overseas Bank Limited (UOB, U11.SI)? Why is its forward dividend yield so high when compared to OCBC and UOB?
Given the ubiquity of DBS, I expected ......
DBS Group Holdings Ltd (
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