🟩🟩 In this video, join Iggy, your friendly Investing Iguana, as he explores the investment potential of DBS Group, a top dividend stock for income investors in Singapore. DBS Group has recently received a significant upgrade from "Hold" to "Buy," and Iggy is here to break down the reasons behind this exciting development.

🟩 DBS Group's financial performance in the first half of 2023 has been exceptional, with a remarkable net profit of S$5.26 billion, representing a 45% increase compared to the previous year. The Return on Equity (ROE) for Q2 stands at an impressive 19.2%, indicating the bank's robust financial health. Furthermore, DBS Group's net interest-rate margins (NIM) continue to rise, dispelling concerns about plateauing.

🟩 Iggy also discusses the bank's performance in managing non-performing loans (NPLs), with the NPL ratio dropping from 1.3% in FH 2022 to 1.1% in FH 2023, highlighting the stability of their loans.


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💰 "Investing is a long-term game. Be patient, disciplined, and informed." - The Investing Iguana

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🟥 Remember, always conduct your own research and consult a financial advisor before making any investment decisions. Happy investing, and see you in the next episode!

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