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Is DBS still a better buy than UOB and OCBC after the third quarter results?
By Beansprout  •  November 27, 2023
DBS' share price has fallen since its third quarter results, even as it reported a record net profit. We find out if DBS’ prospects look better compared to UOB and OCBC after the third quarter results. What happened? The trio of local banks reported another set of strong results in the third quarter. In fact, DBS reported a record net profit in the third quarter, with its profit rising by 16% compared to the previous year. This continues a trend we have seen in recent quarters, where DBS also reported a record net profit in the second quarter.  Despite the good earnings performance, DBS’ share price has fallen by about 6% year-to-date as of 24 November, underperforming the Straits Times Index. Since CEO Piyush Gupta’s share sale earlier in August, DBS share price has fallen by about 7%. DBS, UOB and OCBC also did not make it to our list of of Singapore blue chip stocks that paid consistent dividend yields. Source: Beansprout...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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