QYLD
Rate Of Return🌟🌟🌟The big news for me today was $DBS(D05.SG)latest earnings report. Total income managed to scrape its way to a record SGD 5.95 billion. However while the headline looked beautiful, the stock experienced a sharp sudden pullback from its all time highs of almost SGD 75.
The primary cause of the dip is simple: the era of easy sky high interest rates has officially run its course.
The good news is that wealth management fees surged to a record SGD 907 million. Net fee and commission income expanded by 16%.
Total quarterly dividend hit SGD 0.81 per share.
Is DBS still a buy?
Yes, as it is a dividend compounding machine. DBS is a highly resilient banking fortress because rich Asians keep moving their wealth into Singapore. This dip is a gift. Buy it, hold it and let the dividends compound.
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