While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
THE mention of a bonus sends the heartbeats of salaried workers racing. Maybe this word has the same effect with investors.
Banking giant DBS : D05 0% saw its share price jump – closing up 2.5 per cent up on Feb 7 – after it announced its full-year results and proposed a bonus issue. As at Feb 28, the counter has climbed 5.7 per cent since the announcement.
With DBS – Singapore’s largest company by market capitalisation – investors are probably right to be excited over the prospects of receiving free shares.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes