My favourite Singapore stock would be $DBS Group Holdings(D05.SI)$
Notably the largest bank in Singapore by market capitalisation, DBS has consistently been doing well financially.
For FY 2023, DBS Bank churned a net profit of S$10.3 billion (a new record for the bank), up by 26% from a year ago, as the bank benefitted from higher interest rates (where net interest margin expanded by 40 basis points to 2.15%), and reaped the rewards of structural shifts made to its franchise in the last decade. As such, the Board has declared an interim one-tier tax-exempt dividend of 54 cents for each DBSH ordinary share for the first quarter of 2024 (the "1Q24 Interim Dividend"). The additional DBSH ordinary shares arising from the bonus issue will qualify for such dividend too, with the estimated dividend payable amounting to $1,536 million.
This is 🎶 🎵 to the ears of any investor. Should I be looking to add Singapore stocks to my portfolioonce more, $DBS Group Holdings(D05.SI)$ would be my pick, followed by $SIA(C6L.SI)$ ✈️🛩🛫🛬
@TigerStars @TigerEvents @TigerCommunity @MillionaireTiger
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