|Bid||10.58 x 0|
|Ask||10.62 x 0|
|Day's Range||10.55 - 10.68|
|52 Week Range||7.80 - 11.22|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||10.42|
|Earnings Date||Feb 24, 2021|
|Forward Dividend & Yield||0.44 (4.09%)|
|Ex-Dividend Date||Aug 21, 2020|
|1y Target Est||13.94|
Philippine stocks rocketed to a nine-month high after a shock interest rate cut. Gain exposure to the country's stocks with these ETFs.
Singapore's top lenders, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd, reported declines in quarterly profits on Thursday, hit by lower net interest income, but the results still came in above analysts' estimates. DBS, Southeast Asia's biggest lender, posted a 20% fall in net profit to S$1.30 billion ($951 million) from S$1.63 billion a year earlier. Chief Executive Officer Piyush Gupta said in a statement that he expected a strong economic rebound in Asia from a low base to support mid-single-digit loan growth and double-digit fee income growth in 2021.
Singapore's second-largest lender Oversea-Chinese Banking Corp reported a larger-than-expected 40% tumble in second-quarter net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity. The result underscored a cautious sector outlook as larger peer DBS Group and smaller competitor United Overseas Bank shored up allowances and cut costs to deal with the double whammy of low interest rates and weak growth. Kevin Kwek, senior analyst at Sanford C. Bernstein, said the sector's results were "not too bad" considering that the June quarter globally would "arguably be the worst quarter in history".