DBS profit up, share price down: DBS announcing another unbelieveable achievement for the 4th quarter results....

DBS announcing another unbelieveable achievement for the 4th quarter results. At the rate it is making profit, in no time DBS would be the biggest bank in the world and the most profitable one. 4th quarter profit up 20%, to $1b in 3 mths. Who is saying banks cannot make big profits like the casinos? And revenue hit $10b or $10.79b in a quarter, extrapolate to one year it would be more than $40b! Earning per share also up from $1.32 to $1.57. With this kind of scintillating performance, the management must be handsomely rewarded by the millions and well deserving. But please put in the claw back clause for safety reasons, just in case like Sembawang and Keppel. But touch wood it would not happen to DBS. DBS can expect to grow and grow and profit to go up and up like the salaries of super talents. Now the bad news. Share price of DBS bank was down 18% for the year and this w...

Full article: http://mysingaporenews.blogspot.com/2016/02/dbs-profit-up...

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