DBS Q4 results - why investors are liking it (for now)
$DBS Group Holdings (D05.SG)$ Reported 2023 Q4 earnings. Investors are showing that they like the higher S$0.54 dividend, 1-for-10 bonus issue (for now) with the higher traded price today that comes with a higher volume too!
Few things that I like in the latest earnings and this is shown with the stock price heading up as much as 2.91% by mid-day trading:
1. The group's net interest margin (NIM) increased by eight basis points to 2.13% for the quarter, up from 2.05% in the previous corresponding period
2. DBS proposed a bonus issue at a ratio of one bonus share for every ten existing ordinary shares held
3. A dividend of S$0.54 per share was declared for the period, up from S$0.42 per share in the previous Q4
On the technical front:
4. Price is trading above 32.30 which is a short-term resistance level. The implication is that the price has broken out of this supply and should see a further rise towards 33.50.
It's important to note that the breakout today, after earnings, comes with higher volume, which is deemed a positive sign technically."
Earlier, I posted a video on DBS Bank and the instruments to consider for short-term trading. It is still relevant today. Watch it if you have not ![]()
Hit the follow me button too.
Short-term tradeable instruments on DBS:
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