πππCan DBS
$DBS(D05.SI)$ close above SGD 60 tomorrow? It is a coin toss but I believe it will close at SGD 59.00 tomorrow.
The market is bracing for a good but not great performance that reflects a stabilising but pressured banking environment.
Analysts expect a net profit of around SGD 2.78 billion to SGD 2.88 billion, a slight YoY decline of 2 to 4%.
Net Interest Margin or NIM is expected to slide by 3 to 22 basis points as interest rates globally begin to moderate. This means that DBS earns less on every loan.
However the bright spot would be Wealth Management and treasury customer sales, potentially delivering mid teens growth to offset the weakness in interest income.
As a dividend focused investor, I will be keen to find out whether DBS will maintain the SGD 0.15 cents quarterly capital return dividend plus the SGD 0.60 cents ordinary dividend.
Closing above SGD 60.00 is nice but may not happen tomorrow.
@Tiger_SG @Tiger_comments @TigerStars @TigerClub
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