Phillip Securities Research in a Feb 8 research report says: “DBS reported net earnings of $493 million (+67.1% y-o-y, -12.4% q-o-q, 3Q09: $563 million) due to increased revenue of 7%, stable expenses but higher provision charges as compared to a year ago. DBS’ Tier 1 ratio and total CAR were higher at 13.1% and 16.7% respectively and the Group declared a dividend of 14 cents per share, unchanged from previous quarter.
DBS Group Holdings rated hold
written by Editor on February 8th, 2010 |
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