The share price is currently just under €30 and the annual dividend is just over €2. This results in a dividend yield of almost 7% AND Singapore does not levy withholding tax. The payout ratio is also solid at just over 60% of profits - no capital gains.
At the same time, the bank made a decent profit in the first quarter of 2025 and the management has clear ambitions for growth/expansion in the Asia-Pacific region. So there is really good potential to profit from China and India.
I'm honestly not sure if my numbers are just wrong... did I look them up wrong ?
Why is the stock so cheap?
