Second quarter 2012 results (Part 4)

Companies had started reporting their financial results for the quarter covering 1 April to 30 June 2012 (Second Quarter 2012).

The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2012 against corresponding period of 2011. It includes information on dividend declared for the quarter by the board of directors.

Net Profits Y-o-Y Change Dividend Dividend Yield
DBS $ 810 m + 10.0% 28.0 cents 1.90
UOB $ 713 m + 12.1% 20.0  cents 1.00
OCBC $ 648 m + 12.0% 16.0 cents 1.71
StarHub $ 86.8 m + 11.4% 5.0 cents
NAV EPS Share Price P/B P/E
DBS $ 12.36 1.34 $ 14.75 1.19 11.01
UOB $ 15.82 1.79 $ 20.10 1.27 11.23
OCBC $ 7.28 0.73 $ 9.33 1.28 12.78

NAV = Net Asset Value
EPS = Earnings per share for quarter
P/B = Price to book ratio
P/E = Price to earning ratio

UOB released its results after DBS and OCBC. UOB’s net profits increased 12.1% on year to $713 million, quite similar to OCBC’s 12.0% increase. DBS’ net profit grew 10.0%, lower than the other two local banks. In terms of interim dividend declared, DBS and OCBC proposed higher dividends in relation to their share prices. UOB is less generous.

Comparing Price-to-Book and Price-to-Earning, OCBC is most expensive. DBS is the cheapest with UOB in between both.

StarHub increased its net profit by 11.4% to $86.8 million over the corresponding period last year. Interim dividend proposed is 5.0 cents.

Copyright © 2012, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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