DBS profit falls 10% – Is it time to sell DBS Bank? Or buy more at 5.6% dividend yield?

This led to a lot of discussion as to whether DBS profits are topping out – and whether it is time to take profit in DBS Bank.

I myself hold both OCBC and UOB bank but no DBS Bank.

But given that any macro weakness for DBS Bank will probably spell trouble for OCBC and UOB as well.

I wanted to take a closer look at DBS Bank’s Q4 profits.

And ask whether it is time to take profit in DBS Bank?

Or whether it is worth buying DBS Bank at the current 5.6% dividend yield.

DBS Bank profit falls 10% YoY – and 20% QoQ

DBS Bank’s Q4 profits are extracted below.

You can see the Q4 net profit is down 10% on a year on year basis.

And down 20% on a quarter on quarter basis.

So the headline number optics wise is terrible….