No dividends, only buybacks.

$DBS (D05.SG)$ The dividend is only 0.54 yuan per share because the previous two quarters were the same. The theme is a 3 billion buyback. The company is making a lot of money. Look at the PE, look at the EPS, look at the annual dividend, and consider that with a net profit of 11 billion yuan per year, the stock price does not seem high - buy back your own shares! Buying back stocks will reduce the number of shares in the market, benefiting the stock price and bullish for shareholders. Based on this, it is speculated that dividends will be distributed next year. With fewer shares in the market, shareholders will receive more dividends. Long-term holders will receive more (possibly 0.68 yuan per share 🤑). If the financial conditions announced now are so good, why wait for 33 yuan? Have you considered that the company had already bought back shares as early as 39 (maybe 37)? Selling in the short term earns the price difference but also loses the dividend! As the saying goes, do not sell and receive stock dividends.