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DBS Group Holdings – Key Highlights Of Q3 and 9M FY2020 Business Updates (Guest Post )

DBS Group Holdings – Key Highlights Of Q3 and 9M FY2020 Business Updates (Guest Post )

Is DBS doing better than expected?

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This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has 1433 followers.

Early this morning, the other 2 Singapore banks, DBS Group Holdings (SGX:D05), as well as Overseas-Chinese Banking Corporation (SGX:O39), reported their business updates for the third quarter as well as for the first nine months of financial year 2020 (ended 30 September 2020.)

In this post, my focus will be on DBS’ latest results (I will publish a separate post to review OCBC’s latest quarter results shortly), where I will be looking at some of the key financial statistics (Q3 FY2019 vs. Q3 FY2020, and 9M FY2019 vs. 9M FY2020), as well as some of their key financial ratios (reported for Q3 FY2020 ended 30 September 2020, compared against the ratios reported 3 months ago – i.e. Q2 FY2020 ended 30 June 2020), along with information regarding its dividend payout for the quarter (DBS is the only bank out of the 3 Singapore banks that pays out a dividend to its shareholders on a quarterly basis.) Finally, you will also find in this post my personal thoughts about the bank’s latest set of results.

Let’s begin…

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