Total revenue for 1Q24 was stable YoY at $650m
Fee income related business revenue was up 7% YoY to $274m.
Revenue composition continue to shift towards asset-light fee-based model
7.1B undrawn group cash facilities.
Operating cash flow of 198m.
The group achieved funds under management of S$100 billion.
It aims to grow this figure to S$200 billion by 2028 on the back of organic expansion and strategic inorganic initiatives, such as the selective pursuit of bolt-on or transformative mergers and acquisitions.
At 2.63, yield is about 4.56% of which I think is quite a decent yield level.
Pls dyodd....
