Hot stock: DBS hits all-time high on record Q1 net profit
The results beat the S$2.5 billion consensus forecast in a Bloomberg survey of five analysts
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SHARES of DBS reached an all-time peak after the lender reported a record first-quarter performance together with a S$0.54 per share interim dividend after adjusting for its 1-for-10 bonus issue.
As at 9.24 am on Thursday (May 2), it was up as much as 3.2 per cent or S$1.10 to S$36 – a price unsurpassed in the bank’s trading history – amid heavy trading with 2.8 million shares changing hands.
It later eased to trade at S$35.49 as at 10.20 am, up S$0.59 or 1.7 per cent. The counter was also the top traded in terms of volume with 4.1 million shares worth S$147 million transacted at the time.
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