Dbs bank - Sold down after the released of FY results!It looks like she may go down to cover the Gapped! At 57, yield is about 5.68%, seem quite gd! I think many may wait for the price to stabilize or perhaps 6% yield at 54. Pls dyodd.
FY pre-tax profit at new high of $13.1b, ROE at 16.2% and ROTE at 17.8% Total income up 3% to record $22.9b despite rate headwinds o Group NII modestly higher from record deposit growth and proactive balance sheet hedging o Fee income and treasury customer sales reach new highs o Markets trading income highest since 2021 4Q pre-tax profit declines 6% YoY to $2.80b Total income down 3% to $5.33b, stronger fees and treasury customer sales offset by rate headwinds and absence of non-recurring gains a year ago Balance sheet remains healthy Asset quality remains sound....