DBS share buyback raises questions on capital management as counter hits all-time high
The buyback follows the move by Singapore’s largest lender to issue bonus shares in February to return capital to shareholders
Add BT as a preferred source
DBS has been active on the capital-management front in recent years. It raised dividends in tandem with profit growth, and issued bonus shares after the release of record 2023 results.
Its latest move is a S$3 billion share-buyback programme on the back of strong third-quarter 2024 earnings, with a promise that the move will raise earnings per share (EPS) and return on equity (ROE).
Under the programme, the bank’s shares will be purchased in the open market and cancelled. The bank has not given further details on the buybacks, except that they will be carried out at the management’s discretion, subject to market conditions.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
