DBS Group Holdings Ltd (OTCPK:DBSDF)

$ 31.25 -2.15 (-6.44%) Market Cap: 84.17 Bil Enterprise Value: 129.19 Bil PE Ratio: 10.78 PB Ratio: 1.68 GF Score: 76/100

Q3 2024 DBS Group Holdings Ltd Analyst Briefing Transcript

Nov 07, 2024 / 03:30AM GMT

Release Date Price: $31.44 (+1.95%)

Transcript

Unidentified Company Representative

So welcome, everyone. Thank you, all. We have had the media briefings. We can, as usual, go straight to Q&A. It's a hybrid session. There's actually some people in the room.

(Operator Instructions)

Questions & Answers

Unidentified Company Representative

But why don't we start with some questions in the room first. Harsh?

Harsh Modi

JPMorgan Chase & Co - Analyst

Congratulations. Thanks for doing it in person and great results. Two questions. First on buyback, second on ALM. The point you made, Piyush, on comparing to JPM and Apple was very interesting because these guys over the last decade have canceled about 30-odd percent of shares. So the question is to you and Tan Shan is, is this more one-off because you guys had this big capital release and maybe another $3 billion, $5 billion we had done? Or is it beginning of that a decade-long journey where you cancel out a big chunk of shares?

And then the related question to that is, does the Temasek shareholding at

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