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Market View: DBS’s net profit up 15% yoy to S$2.95b to mark new high
Singapore shares advanced at the opening bell this morning, with local banks leading gains despite subdued performance in global markets. In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,307.6 points after 68.7 million securities changed hands in the broader market. In terms of companies to watch, we have DBS. The lender today announced a 15 per cent year-on-year rise in first quarter net profit to S$2.95 billion, marking a new high. Elsewhere, from the US Federal Reserve holding interest rates steady overnight and putting a red flag on disappointing inflation readings, to…
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