[8 March] Weekly Essential Overview - Top Community Insights

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“Wall Street sells stocks and bonds, but what it really peddles is hope.” - Jason Zweig

TRENDING COMMUNITY INSIGHTS

Key Takeaways from DBS Group Holdings’ FY2023 Annual Report ?-By @ljunyuan

DBS Group Holdings Limited (SGX:D05), or DBS for short, was the first of the 3 Singapore-listed banks to release its annual report for the financial year 2023 (ended 31 December) yesterday morning (06 March 2024), along with notice of its upcoming annual general meeting (or AGM for short).

For the benefit of those who do not have time to go through it, you can check out this post, where you will find key takeaways from the report which I have compiled, together with details about its upcoming AGM:

Business Highlights:

Total Income: S$20.2 billion, a 22% growth compared to last year; it is also the first time the bank’s total income exceeded S$20 billion.

Net Profit: 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... Continue reading

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SG Market Alert: 2 Shipping Stocks Reversal Update -By @JoeyChoy Over the past 2 months, we have seen 2 Singapore shipping stocks come back into our radar with bullish reversal signal spotted. Both of them have hit our targets and some profit taking seen.

The question is, can there be more upside from here? Where can one think about getting in again? Watch Video

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Taking Stock of SGX Stock with Their Results Release -By @Possibilities_Unbox

I am very impressed with?$Food Empire(F03.SI). The stock has been climbing to ATH (27% YTD and 67% in 1 year); and yet, they can give a dividend yield of 6.9% (10 cents dividend).

Think: High share price appreciation and good dividend

They are?confident?that the worst is behind them; they have the situation under control. I like their confidence and resiliency. Respect!

Analysts have been revising their TP upwards... Continue reading

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Once again, excerpts of these posts were extracted from our SG weekly newsletter, sent to all our users on a weekly basis. To receive our full newsletter via email, please visit www.investingnote.com or download our app.

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