DBS Stock Price 8th July '16 : $15.70 since the low of $13.02 Feb and high of $21.43 July last year. That's +17.1% from bottom and -36.5% respectively from top. That's more than one third drop in price.
DBS First Quarter 2016
Retail income increased 29%. Loan and Deposits up 35%. Investment product flat.
Strong results. Used 8th July price to compute below.
Non-Performing Loans (NPL) 1.0%
Past quarters increased from 0.9% to 1.0%. Percentage increase 11%.
NAV $16.39
Increases $1.09 from $15.30 2015Q1. That's 7.1% up.
BV will be 0.96.
EPS
$1.92 annualised. That's 12.2 % earning yield. PE 8.5.
Dividends
Regular Dividends assuming 60 cts (Yield 3.82%, Shares 2,502,742,178) that will be at least $1.5 B annual distribution. 1Q16 earning alone is $1.2 B. Attractive room for Capital Growth.
Conclusion
Overall appears the company is doing well. The steep drops in stock price is puzzling to me. The current price is trading at $16.10.
Cory
20160719
DBS First Quarter 2016
Retail income increased 29%. Loan and Deposits up 35%. Investment product flat.
Strong results. Used 8th July price to compute below.
Non-Performing Loans (NPL) 1.0%
Past quarters increased from 0.9% to 1.0%. Percentage increase 11%.
NAV $16.39
Increases $1.09 from $15.30 2015Q1. That's 7.1% up.
BV will be 0.96.
EPS
$1.92 annualised. That's 12.2 % earning yield. PE 8.5.
Dividends
Regular Dividends assuming 60 cts (Yield 3.82%, Shares 2,502,742,178) that will be at least $1.5 B annual distribution. 1Q16 earning alone is $1.2 B. Attractive room for Capital Growth.
Conclusion
Overall appears the company is doing well. The steep drops in stock price is puzzling to me. The current price is trading at $16.10.
Cory
20160719
