Thanks for the good read!! Appreciate it and the highlight on various impt points!
@koolgal:$DBS GROUP HOLDINGS LTD(D05.SI)$ is the biggest bank in Singapore with SGD 646 billion in total assets and employing more than 30000 employees. DBS is operating in 18 markets and also present in China, South East Asia and India. It has 'AA' and 'Aa1' credit rating, among the best in the world.DBS has received 25 Global awards, the latest is 'World' s Best Bank' 2021 by Euro money and the 'Safest Bank in Asia' by Global Finance for 12 consecutive years!First half net profit is up 54% to record SGD3. 71 billion, return on equity at 14.0%. Second quarter net profit is up 37% to SGD1. 70 billion. This is the highest on record.DBS Digital Exchange bills itself as the world's only bank-backed full service digital bourse of
Given the recent drastic increase in COVID cases, it will definitely affect our local business, less those high-end luxury goods brand (LV/ Chanel, etc), since consumers wants to spend, but no where to spend, i.e: overseas, leisure activities more or less are affected. Will this affect DBS share prices? Please share your opinion. My POV, causes bullish decline. Since banking systems are positively correlated to business expenditure locally.