While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
Add BT as a preferred source
Leslie Yee
THE mention of a bonus sends the heartbeats of salaried workers racing. Maybe this word has the same effect with investors.
Banking giant DBS saw its share price jump – closing up 2.5 per cent up on Feb 7 – after it announced its full-year results and proposed a bonus issue. As at Feb 28, the counter has climbed 5.7 per cent since the announcement.
With DBS – Singapore’s largest company by market capitalisation – investors are probably right to be excited over the prospects of receiving free shares.
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